FinCEN prepares new regulations for the crypto market
US Treasury Secretary Steven Mnuchin said FinCEN is preparing to unveil new regulations for the crypto market. The statement was made Wednesday during a hearing before the Senate Finance Committee.
However, Mnuchin did not explain in concrete terms what these requirements will consist of or when they will be announced:
“… we are about to develop some significant new requirements at FinCEN. We want to make sure that technology advances. But on the other hand, we want to make sure that cryptocurrencies are not used as the equivalent of Swiss secret bank accounts. “
Mastercard and Ripple join MouseBelt’s blockchain education program
Mastercard and Ripple have joined a working group that supports and funds blockchain education in schools and universities. Created by the blockchain accelerator MouseBelt, the Blockchain Education Alliance was created in October 2019.
In addition to the Mastercard, the alliance includes representatives from Binance, Matic, Neo, KuCoin, Ethereum, Stellar, TRON and Wanchain.
The Blockchain Education Alliance is part of MouseBelt’s university program, an initiative to train the next generation of developers. It is currently active in over 80 student associations worldwide. Members provide funding and educational resources that help students and teachers develop education programs and keep abreast of industry developments.
“All members share our ethos: the best way to invest in space is to make investments long-term education“
said Ashlie Meredith, director of MouseBelt University.
The Alliance started as an affiliate of more than 13 universities in North America, but has expanded to about 70 schools in America, Asia and Europe.
FC Barcelona launches its own fan-token on the Socios.com platform
The Spanish football club FC Barcelona has announced that it has released the $ BAR token, which allows fans to interact directly with the club. Fans will be able to vote in different polls on the Socios.com mobile app and get discounts and benefits. Tokens can be traded or used to get discounts on promotional products or on event tickets.
Barça has over 300 million fans worldwide and is the richest football club in terms of revenue. The team obtained a record of 74 trophies in his native country.
DropBit CEO accused of money laundering on darknet
Larry Dean Harmon, CEO of DropBit, has been indicted by US authorities following his arrest on February 6. He is accused of stealing $ 311 million in Bitcoin from darknet transactions.
Federal authorities have charged Harmon with conspiracy to launder money and operate a license-free money transfer business in 2014-2017. Apparently, he would have used the Helix coin-mixing service to wash at least 354,468 bitcoins (worth over $ 311 million at the time). The cryptocurrencies came from the sale of illegal drugs on the AlphaBay darknet market, which was closed in 2017 by authorities.
DropBit crypto wallet is expected to continue to work, as Harmon’s brother and application developers use their own funds to fund their business.
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