In its updated guidance on virtual assets and virtual asset service providers, the FATF recommends requiring more strict KYC/AML measures. The Financial Action Task Force (FATF) has updated its “Guidance for a risk-based approach to virtual assets and VASPs.” Previous FATF guidance, released in 2015 and updated in 2019, has recommended regulating virtual assets in a similar way to traditional finance, mandating customary KYC/AML laws that affect most financial entities. The new updates would alter this dramatically, encouraging heightened restrictions and surveillance on virtual asset service providers, […]

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SkyBridge Capital, founded by Anthony Scaramucci, is the latest to file for regulatory approval to offer a bitcoin exchange-traded fund. In the latest within a growing trend, SkyBridge Capital has filed for regulatory approval with the U.S. Securities and Exchange Commission (SEC) to offer a bitcoin exchange-traded fund (ETF). In an S-1 filing dated on March 19, the firm. run by former White House communications director and recent bitcoin convert Anthony Scaramucci, applied to be to offer the product to be called The First Trust SkyBridge Bitcoin […]

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Greenridge expects the merger to make it the first self-sufficient power generating bitcoin mining operation to the stock market. Greenidge Generation Holdings Inc, parent company of Greenidge Generation LLC, a vertically-integrated bitcoin mining operation, announced today that it plans to go public via a merger with Support.com (Nasdaq: SPRT). The agreement would be the first to bring a self-sufficient power generating bitcoin mining operation to the stock market, according to the release. “This merger is an important next step for Greenidge as we build upon our existing, […]

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Tropic Square, a subsidiary of SatoshiLabs, announced $4.7 million in funding for its work on the first-ever open-source security chip. Earlier today, Prague-based crypto security startup Tropic square, a subsidiary of SatoshiLabs, announced that it received a 4 million euro (about $4.776 million) investment to propel its work on the first-ever open-source security chip. The funding came from Swiss investment company Auzera. “The chip, code named TASSIC (Transparent Authenticated Secure Storage Integrated Circuit), is expected to be introduced by the end of 2022, and it is already […]

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