Domestic payments—those within a single currency area—are becoming faster, easier and safer. But the opposite is true when payments go global. There are six deep-rooted reasons for the opacity, high […]
The UK’s financial regulator, the Financial Conduct Authority (FCA), caused confusion this week by issuing risk warnings against two cryptocurrency exchanges, Kraken and BitMEX, then withdrawing one of them. One […]
Crypto-asset custodian BitGo is launching a new service for institutional clients, enabling them to lend out their bitcoin or obtain cash loans for cryptocurrency collateral, the firm announced today. “BitGo […]
A three-decade global push to tighten anti-money-laundering (AML) rules appears to be running out of road. That’s one conclusion to be drawn from the latest Bank for International Settlements (BIS) […]
Avanti, a new crypto-asset bank to be based in US frontier state Wyoming, will take advantage of the state’s potentially revolutionary new legal framework for the custody of clients’ crypto […]
Money is undergoing unprecedented change: around the world, we see new ways of paying each other, new stores of value, new ways of recording economic activity and new forms of […]
According to the Tax Justice Network, the US has overtaken Switzerland to take second place in a global ranking of countries most complicit in facilitating illicit financial flows, while the […]
Everyone outside the country is expecting the arrival of China’s new sovereign digital currency. President Xi has recently been singing the praises of blockchain technology, the infrastructure for the new […]
Serious long-term holders of bitcoin want to control the private key that gives them ownership of their coins. In practice, many delegate control to specialist custodians like BitGo, which is […]
Last year’s PlusToken scam involved a clever combination of technology, fraudulent promises and viral marketing. The theft deprived its 3 million victims, mostly based in Asia, of over $2bn. But […]