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...
justinwnewtonWe @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
The proposed changes would require financial institutions and crypto firms to share data on international funds transfers above $250.
justinwnewtonSome thoughts on the FinCen proposal for Travel Rule updates.
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.
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
Non-custodial crypto exchange Hodl Hodl is launching a peer-to-peer lending marketplace for hardcore bitcoiners that won't ask for KYC info.
justinwnewtonIt 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
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...
justinwnewtonWe 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.
Crypto adoption in traditional legacy systems is moving fast, but a lack of technological infrastructure limits compliance and safe storage.
justinwnewtonCustody 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.
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…
justinwnewtonLess 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"
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...
Complaint, UNITED STATES OF AMERICA v. 155 VIRTUAL CURRENCY ASSETS, No. 1:20-cv-02228 (D.D.C. Aug 13, 2020)
justinwnewtonUS 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.