More regulatory talk takes place, alleged ransomware participant claims innocence, Nasdaq exchange platform makes confirmation for 2019, and another bullish Bitcoin price prediction is made. Catch up on the details from today.
G20 Regulations: What Does It Mean For Crypto
This year’s annual G20 meeting concluded just a few days ago. Crypto regulation was a topic of conversation, leading to a series of actions to be taken by the Financial Action Task Force (FATF).
“We will step up efforts to ensure that the potential benefits of technology in the financial sector can be realized while risks are mitigated. We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed”, stated the G20 declaration.
Crypto taxation was also mentioned, among other topics.
Bitcoin Trader On US Sanctions Blacklist Says He’s Innocent
Two Iranians, Ali Khorashadizadeh and Mohammad Ghorbaniyan, were allegedly involved in ransomware activities and made the list.
This week shows Mohammad Ghorbaniyan claiming innocence. “Ghorbaniyan has told CoinDesk that he was unaware of the origins of his apparently tainted bitcoin, which OFAC said was extorted from more than 200 victims including corporations, hospitals, universities and government agencies that were hit with the SamSam ransomware virus”, reported CoinDesk today.
Treasury Official: Global Regulators Must Follow US Lead In Crypto Enforcement
Sigal Mandelker of the terrorism and financial intelligence branch of the U.S. Department of Treasury stated yesterday that crypto needs more worldwide monitoring.
Mentioning the OFAC Iranian ransomware/Bitcoin address topic, she explained – “As Iranian and other bad actors attempt to misuse digital currency to facilitate illicit activity, financial institutions, including exchangers and other providers of digital currency services, must guard against the risks of assisting these malicious actors”, according to a press release yesterday.
Mandelker urged other countries to employ tactics such as anti-money laundering practices, as well as other regulatory action.
Confirmed: Nasdaq’s Bitcoin Futures Will Launch In ‘First Half’ Of 2019
Last week, Nasdaq and VanEck filled conversations as their Bitcoin futures platform plans surfaced.
Nasdaq confirmed its plans yesterday, as well as a loose timeline, according to a report from Express.co. “The cryptocurrency will hit the New York-based exchange’s boards in the early part of next year, subject to the nod of approval from the Commodity Futures Trading Commission (CFTC)”, the report said.
Bitcoin Will ‘Surpass’ All-Time Price Highs By End Of 2019, Says Quoine CEO
Another bullish prediction surfaces in what is still a very bearish market. Mike Kayamori, CEO of crypto exchange Quoine, believes Bitcoin will hit record high prices by the end of next year.
Kayamori talks about renewed market sentiment for crypto, starting next year, with no current catalyst for such a reversal in the near term.
The Quoine CEO also mentioned his thoughts that the Bitcoin price bottom is close. He includes additional comments about mining and regulation.