Growing cryptographic crime has led organizations to join forces in order to counter fraudsters together. Do they have a chance to win against hackers?
The Dutch central bank has announced that institutions that provide any cryptocurrency services must prepare for new legal regulations from January 2020.Date of changesJanuary 10, 2020 - it is then that the new regulations prepared by De Nederlandsche Bank are to go into effect. Institutions conducting operations related to cryptocurrencies will have to register relevant documents in the bank in order to continue operating them.In the official statement of the central bank we can read:“In concrete terms, firms offering services for the exchange between cryptos and regular money, and crypto wallet providers, must register with De Nederlandsche Bank.”In July ministers of the Netherlands have attached a condition that cryptocurrencies have to be regulated; the reason is that not so long ago people have been concerned about increasing threat of money laundering, as cryptocurrencies are used for scams pretty frequently.Finance Minister Wopke Hoekstra received a note in January from the Dutch tax office and the central bank. It suggested the implementation of appropriate licenses that should be required from companies providing cryptocurrency services. The Netherlands is a country that does not officially recognize cryptocurrencies as a means of payment, but in 2018 one court ruled that Bitcoin is a "transferable value". In 2018, a survey was conducted on the most popular cryptocurrency exchanges used by the Dutch. Coinbase is the leader here, indicated by 23% of respondents. 12% of respondents said that they do not use any exchanges.
North Korea denies the allegations that it has committed hacker attacks to raise funds for weapons of mass destruction.
Not so long ago, information saying that the Chinese central bank plans to launch a national cryptocurrency has appeared in November this year. The bank took the floor in the whole case.
Employees of the Ukrainian atomic power plant were detained by security service agents. By using the plant's resources to mine cryptocurrencies they disclosed top-secret state data.
US presidential elections are getting close, and one of the candidates is disappointed that blockchain-based voting has not been introduced yet.
There are more and more doubts regarding Libra cryptocurrency, and now the European Union also became interested in the project. What's the reason?
South Korean blockchain companies are withdrawing their projects from the country as a result of problems with regulations regarding cryptocurrencies and blockchains.
Coinbase is one of the largest cryptocurrency exchanges in the United States. Moreover, its reliability was unwavering until a certain abuse caused the exchange to go to court. The case is still ongoing, there's no end in sight, and the result is still unpredictable.