Author: Yana Vyblova

IMF Chief Lagarde calls to secure and regulate crypto assets

International Monetary Fund (IMF) Chief Christine Lagarde in her latest blog calls for regulation crypto markets by the same laws that apply to the traditional markets. In her “Addressing the Dark Side of the Crypto World” she brings up the idea that “technology behind crypto-assets—including blockchain—is an exciting advancement that could help revolutionise fields beyond finance.” For the last 20 years, the IMF has been working on stopping of money laundering and sponsoring of terrorism. E-currency is becoming a major new vehicle for financing illegal actions and dangerous organizations, many allege. She refers to AlphaBay, which was taken offline but before more...

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Japan, France and Germany to set up war against money laundering in cryptocurrency on G20 Summit

Japan, France and Germany is going to prevent and stop using cryptocurrency for money laundering. As reported by Reuters, Japan will urge its G20 counterparts at a meeting in Buenos Aires on March 19-20  to put efforts to prevent cryptocurrencies from being used for money laundering. France and Germany are set to agenda proposals invoking for strict regulation of the cryptocurrency market. The proposals are said to focus on preventing money laundering and the financing of terrorism, in addition to consumer protection. Rules will also be proposed, which prevent banks from holding cryptocurrency. But according to the unnamed official, “discussions...

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