In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments.
The Bank of Mexico (Banxico) has published a circular, wherein it laid out a plan to issue permits to bitcoin exchange platforms and other crypto-related businesses operating in the country.
The Canada Revenue Agency has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.
Cameron-Huff said that he is happy to accept bitcoin as payment (as well as fiat) and, in what he sees as another pioneering step forward, he has a fixed-fee payment system for his clients.
The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce.
For the crypto industry, recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.
Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation.
