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Regulation
Traditional Money Could Be 'Surpassed' By E-Money, Stablecoins: IMF Paper
A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption.

Top Republican Touts Blockchain Privacy as Alternative to Regulating Big Tech
U.S. House minority leader Kevin McCarthy has argued for the use of blockchain networks in protecting users' data from "exploitation."

What to Expect When Congress Grills Facebook on Cryptocurrency
The Congressional hearings on Facebook's Libra are likely to focus more on the company's privacy failings than broad crypto policy questions.

Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting
Japan has set up a working group to examine the issues raised by Facebook's Libra cryptocurrency project ahead of a G7 meeting this week.

UK Announces 'Dirty Money' Crackdown, Including Tougher Crypto Regime
The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets.

What Trump's Bitcoin Tweet Changes
Donald Trump took aim at bitcoin last week. He also kicked off a whole new phase in bitcoin's mainstream moment.

Police in Spain Say Bitcoin ATMs Expose Problems in Europe's AML Laws
Spanish police authorities are raising the alarm because a recent criminal case involved the use of bitcoin ATMs, making their jobs more difficult.

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief
China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.

Canada's Crypto Exchanges Must Now Register as MSBs, Report Transactions Over $10K
Canada has updated its anti-money laundering rules, classing crypto exchanges as MSBs and mandating financial compliance and reporting.

Winklevoss-Backed Crypto Self-Regulatory Group Prepares to Woo Congress
The Virtual Commodity Association has launched six committees to write “well-informed, sensible regulation” for the crypto industry.
