Bahamas to Allow Citizens to Pay Taxes With Digital Assets

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OCC issues order against Anchorage Digital over AML compliance

The United States Office of the Comptroller of the Currency, or OCC, has said it intends to pursue cease and desist proceedings against cryptocurrency custody bank Anchorage Digital for violating certain anti-money laundering requirements. In a Thursday announcement, the OCC said it issued a consent order against Anchorage Digital based on its “failure to adopt […]

OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules

“As of 2021, the bank failed to adopt and implement a compliance program that adequately covers the required BSA/AML program elements, including, in particular, internal controls for customer due diligence and procedures for monitoring suspicious activity, BSA officer and staff, and training,” the order said. Source link

The Bahamian government hopes to allow residents to pay taxes with digital assets in 2022

Residents of the archipelago nation the Bahamas may soon be able to ues digital assets including the world’s first central bank digital currency, or CBDC, to pay for taxes. In a white paper released on Wednesday on the future of digital assets, the Bahamas’ Office of the Prime Minister said the government will begin to […]

Russian central bank needs to ease up digital asset projects, governor says

The Russian central bank governor Elvira Nabiullina has admitted that the Bank of Russia might have taken a bit too tough a stance on digital assets and should look to reconsider that. On Thursday, the Russian State Duma re-appointed Nabiullina as Bank of Russia governor, marking the third time for her to take the post […]

Bitcoin Miner Bit Digital Files to Raise Up to $500M in Equity

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part […]

FCA veteran becomes interim head of financial regulator’s digital assets unit

Victoria McLoughlin, who has worked more than11 years at the Financial Conduct Authority, is temporarily heading the digital assets department of the United Kingdom’s financial watchdog. According to a Tuesday post on LinkedIn, McLoughlin assumed the position of interim head of the department of the regulator’s digital assets unit in April after serving as supervision […]

U.K. Regulator FCA Names Interim Head for Digital Assets Unit

McLoughlin started her new position earlier this month, her profile shows. For the past two years she has been the financial-services regulator’s supervision manager of crypto assets and digital markets. Prior to a one-year break, she had been at the FCA for more than nine years. Source link

‘There are already digital means of payment:’ EU Commission gets 11,000 public comments on CBDC project

In less than two weeks that passed since the European Commission opened its “Digital euro for the EU” initiative up to public consultation, more than 11,000 individuals and organizations left their feedback on the website. The feedback section will be open until June 14. Besides the open-ended comments section on the website, there is a […]

Animoca Brands buys major stake in Aussie digital services agency

NFT investment giant Animoca Brands has acquired a major stake in Australian digital marketing agency Be Media. Be Media has locations in Perth, Melbourne, and Sydney and has provided Web2 firms with advertising and digital strategy since 2013. While the company isn’t geared up towards the crypto sector, the investment seems to be a part […]