b43458640

@b43458640

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Panetta pointed to the differences in approach between Europe and the US, noting that the Trump administration’s executive order on digital financial technology, issued on Jan. 23, suggests an inclination toward integrating crypto assets into the financial system.

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In a statement on Jan. 17, the SEC alleged that Nova Labs sold unregistered securities by offering electronic devices called “Hotspots,” which mine the company’s cryptocurrency, Helium (HNT), as well as a program called “Discovery Mapping,” where users could trade their private data for crypto.

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The SEC alleges that the company sold unregistered investment products, including those that mine cryptocurrency and a program that allowed users to trade their personal data for crypto assets.

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Industry analysts see Trump’s presidential win as a green light for more than half a dozen proposed crypto ETFs waiting on regulatory approval to list in the US.

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In June, VanEck and rival asset manager 21Shares sought permission from US regulators to list spot Solana ETFs.

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With the approval, Hexarq is officially authorized to provide a scope of crypto services, including crypto custody, as well as buying, selling and trading crypto against the euro.

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The list of SEC commissioners currently includes two Republicans, Hester “Crypto Mom” Peirce and Mark Uyeda, and three Democrats, Caroline Crenshaw, Gary Gensler, and Jaime Lizarraga.

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A warm Farcaster welcome to @ecarrie581!

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A warm Farcaster welcome to @irisj3588!

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A warm Farcaster welcome to @darcylo996!

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A warm Farcaster welcome to @merfil09668!

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By April 2023, Australia’s Bitcoin ATM count surpassed Asia’s, which includes major economies such as China, Japan, Singapore and India.

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Australia was a slow market for crypto ATMs, but adoption increased exponentially near the end of 2022 after private firms began piling into the market.

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AUSTRAC has disclosed that 400 digital currency exchanges are registered on its books, but only a few operate crypto ATMs.

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If the value of laundered funds exceeds $644,400, jail sentences can be up to 25 years and fines as much as $214,585, or both.

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Penalties for money laundering in Australia can include up to 12 years behind bars, more than $100,000 in fines, or both.

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“As the use of cryptocurrency increases, so too will criminal exploitation, which is why this task force will work to eliminate non-compliant high-risk operations,” he added.

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Thomas said any operations caught flouting the law will “risk being subject to significant financial penalties.”

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They are also expected to report suspicious activity and submit threshold transaction reports for cash deposits and withdrawals of over $6,500 (10,000 Australian dollars).

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Crypto ATM operators are already required to register with AUSTRAC, undertake transaction monitoring and implement Know Your Customer (KYC) information checks on users.

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