Senator Cynthia Lummis (R-WY) has given a specific date for when her long-awaited crypto regulator bill will be unveiled. The legislation will help to sort cryptocurrencies under appropriate regulatory labels and federal jurisdictions. According to a tweet from the senator on Friday, the final version of her bill will be released on Tuesday, June 7th. Lummis has spent months working on the bill alongside Senator Kirsten Gillibrand (D-NY), announcing it as early December 2021. The bill will reportedly provide sweeping…
Tag: Financial Intelligence Unit
Five Hundred Cryptocurrency Firms in Estonia Lose Permits
In Europe, the focus has turned to cryptocurrency companies due to the discovery of the continent’s biggest-ever dirty-money ($220 billion) scandal in Estonia. Estonia has been clamping down on the companies towards the prevention of financial crime. This is due to allegations that billions of dollars of illegal cash flowed through the local unit of Denmark’s largest lender Danske Bank A/S. One of the steps taken by the government of Estonia is the withdrawal of permits from several cryptocurrency firms. The government focuses on firms that exchange…
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