Last synced from Twitter 120d ago
Candidate For Manhattan District Attorney Is First Woman In New York State To Accept Bitcoin Contributions
As more and more politicians embrace cryptocurrency as a way to tap into underrepresented communities, there’s a gradual acceptance of some of the tenets of crypto: diversity, self-custody and a bias towards leaning away from excessive state-based...
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justinwnewton
We @NetkiCorp are very proud to work with @elizaorlins to ensure that she can Know Her Donor to meet both the letter and the spirit of campaign finance laws when accepting #bitcoin donations
121d
FinCEN, Fed Reserve Want Changes to ‘Travel Rule’ Reporting - Decrypt
The proposed changes would require financial institutions and crypto firms to share data on international funds transfers above $250.
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justinwnewton
Some thoughts on the FinCen proposal for Travel Rule updates.
decrypt.co/46149/fincen-f…
Much of the industry has been pushing for a delay in US Travel Rule implementation using the argument that the existing rule doesn’t cover virtual currency.
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122d
LocalBitcoins Seller Pleads Guilty to Operating Unlicensed Business
A LocalBitcoins seller pleaded guilty of operating an illegal Bitcoin transfer business in a Southern California federal court earlier today.
justinwnewton
@jerrybrito @NelsonMRosario @valkenburgh This is one of the ones that always comes to mind for me, perhaps because I live in SoCal.
126d
DOJ Crypto Framework Is a ‘Disaster’ for Digital Privacy Rights - CoinDesk
The U.S. Department of Justice's crypto enforcement framework may pose a threat to digital privacy rights for crypto users.
justinwnewton
@jerrybrito Yes, the two peers at the end of the transaction each separately have total control over their own assets. I'd again look at the "Local Bitcoins" cases in the US as examples of this. The EFF seems to share concern about this risk
126d
Bitcoin Hodlers Get a Lending Option With No KYC - CoinDesk
Non-custodial crypto exchange Hodl Hodl is launching a peer-to-peer lending marketplace for hardcore bitcoiners that won't ask for KYC info.
justinwnewton
It is unclear to me while regulators won't view the people using this platform as "Unlicensed MSB's" in the same way they have with power users of Local Bitcoins and other peer to peer marketplaces
126d
DCG State of Crypto
justinwnewton
Today @DCGco released their State of Crypto Report highlighting the central role compliance plays in digital assets, and the importance of non-custodial wallets inside the compliant ecosystem: dcgstateofcrypto.com Thanks to @casatay and @samantha_bohbot for the great work
126d
Cryptographers Are Always Going to Be 'One Step Ahead' of Regulators: Monero's Spagni - CoinDesk
Privacy protocols have become the focal point of regulators and law enforcement agencies when the race among central banks to launch sovereign digital currencies is heating up.
justinwnewton
TransactID by @NetkiCorp was designed specifically to ensure you could still transact with Privacy Coins and meet your compliance requirements as a VASP. Can your solution say that?
129d
Ethereum’s Vitalik Buterin Calls on Power Users to Move to Layer 2 Scaling - CoinDesk
Talking at CoinDesk's invest: ethereum economy, the Ethereum founder called for users to move to scaling solutions that are “already here."
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justinwnewton
Our BIP 75 based Travel Rule solution @NetkiCorp supports layer 2 scaling solutions. Does yours?
TransactID is Travel Rule for power users <and everyone else>.
133d
The Impact Of DeFi On The Mass Adoption Of Blockchain And Cryptocurrencies | Coinstituency
The tendency for criminals to exploit the pseudo-anonymity of cryptocurrencies is one of the elements that is slowing down mainstream adoption. So far, many centralized exchanges have grown past the limitations of early crypto days in order to avoid...
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justinwnewton
We built @NetkiCorp to ensure that public blockchains could remain open and permission-less while still allowing developers and entrepreneurs to stay inside the law. Here is a good article from @iykearu about why this is particularly important now.
141d
Banks must establish infrastructure for digital assets before it’s too late
Crypto adoption in traditional legacy systems is moving fast, but a lack of technological infrastructure limits compliance and safe storage.
justinwnewton
Custody and compliance are the two keys for traditional financial institutions to enter the digital asset ecosystem. Our tools @NetkiCorp can help banks meet the specific risks endemic to decentralized networks.
147d
ExamSoft’s remote bar exam sparks privacy and facial recognition concerns
To administer bar exams in 20 different states next week, ExamSoft is using facial recognition and collecting the biometric data of legal professionals.
Iran May Fund Car Imports With Cryptocurrency Mining - CoinDesk
An Iran free trade zone is proposing locally mined cryptocurrency might be a way to fund car imports.
Statement On Digital Assets And Their Classification And Treatment
INTRODUCTION Digital assets offerings provide alternative investment opportunities for the investing public; it is therefore essential to ensure that these offerings operate in a manner that is con…
justinwnewton
Less resourced regulators frequently create more draconian laws because they and the companies they regulate have less resources to invest on controls.
The Nigerian SEC says ALL tokens are securities unless their issuer "proves otherwise"
sec.gov.ng/statement-on-d…
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164d
Regulation could reshape crypto exchanges within two years | Modern Consensus.
BlockTower Capital co-founder Ari Paul thinks a separate ecosystem for ‘clean’ coins will soon emerge, meaning exchanges will only allow withdrawals to whitelisted addresses In a Twitter thread, Ari Paul said he believes a separate ecosystem for...
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Complaint
Complaint, UNITED STATES OF AMERICA v. 155 VIRTUAL CURRENCY ASSETS, No. 1:20-cv-02228 (D.D.C. Aug 13, 2020)
justinwnewton
US details Al Qaeda campaign to fund military operations through bitcoin donations. Can your Travel Rule provider help you meet OFAC/sanctions requirements when your users are transacting with unhosted wallets? @NetkiCorp can. Be prepared.
196d
'A real bind:' Banks that carry out Trump's new sanctions risk violating Hong Kong security law
International financial institutions may be left to choose between serving Washington or Beijing.
justinwnewton
Working at a global company and doing AML has always been hard. It isn't getting any easier
199d