US law enforcement agencies make up the majority of the information requests and nearly all of the ‘three letter’ players are getting in on the action, from the FBI to the IRS.
The South Korean government is set to implement mandatory KYC verification for cryptocurrency exchanges in March, but the new requirements may be in violation of existing privacy laws.
Brave privacy browser may have violated FTC and GDPR regulations for automatically redirecting users to affiliate links after they entered the name or URL of cryptocurrency sites.
Facebook Libra cryptocurrency is facing strong pushback in Europe with concerns raised over the systemic risks to the global financial system and potential data privacy issues.
New UN report discloses how North Korea has financed its WMD program with more than $2 billion from cybercrime against world’s largest financial institutions and cryptocurrency exchanges.
Many are concerned about Facebook’s Libra cryptocurrency which allows the social media giant to not only know the details about its users’ social life but also their financial activities.
Bans on privacy coins by Japan and now possibly France and Texas might make it harder for criminals to conduct certain types of illegal activities but crypto advocates say these bans could actually harm efforts to make privacy a universal human right.
Many believe that virtual currencies could be a driving force in economic growth. Two new bi-partisan bills will seek to regulate virtual currencies while establishing significant protections for U.S. consumers.
As might be expected, the scale and scope of the latest Coinrail cyber heist has increased the call for new cryptocurrency regulations for both exchanges and trading, and could go a long way in maintaining investor faith in the modern financial system.