Former Israeli Prime Minister Ehud Barak and current PM Benjamin Netanyahu believe that blockchain is a potentially a game-changing technology. They expect it to disrupt big sectors of the economy — healthcare, banking, insurance, and cybersecurity among them.… Continue Reading
Since 2014, the six members of the Gulf Cooperation Council — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates — have been weaving Shariah-compliant blockchain technology and bitcoin into their existing financial and legal infrastructure, while transforming them all at the same time.… Continue Reading
The Financial Action Task Force (FATF) has joined the global regulatory initiatives to combat transnational crypto-crimes by updating its Anti-Money Laundering and Countering Financing of Terrorism (CFT) cross-border risk guidelines for cryptocurrencies, initially published in 2015. … Continue Reading
It’s increasingly important to understand the way disruptive technologies such as blockchain, cryptocurrencies, artificial intelligence, and big data are already impacting and will continue to shape how compliance systems work.
Financial regulators are beginning to work together to counter what they perceive as cross-border threats posed by blockchain — including money laundering, terrorist financing, fraud, tax avoidance, and evasion of capital controls.… Continue Reading
Email from the SEC these days carries an ad banner for the HoweyCoins Travel Network. It’s pitching a not-to-be-missed Pre-Initial Coin Offering deal.
The news earlier this month that Google was to follow Facebook and ban all ads for cryptocurrencies wasn’t entirely unexpected. However, it did say much about the way such innovative technology is being misused.… Continue Reading