Swiss-Regulated Digital Asset Bank Plans $95M Capital Raise

[ad_1] Seba, a young Swiss-based digital asset bank holding regulatory licensing, looks to attempt a secondary capital raise to garner over $95 million in additional funds.During the raise, Seba aims to secure 100 million Swiss francs, equivalent to $96.5 million, “from new investors, including financial institutions, family offices and individuals,” Financial News London wrote in a Jan. 17 brief.Recent launchCrypto friendly startup SEBA Bank AG announced its launch on Nov.

New EU AML Compliance Laws Could Disrupt the Crypto Industry

[ad_1] On Jan. 10, the European Union’s 5th Anti-Money Laundering Directive (5AMLD), was officially signed into law. The legislation will give sweeping powers to compliance organizations and law authorities. However, aside from tracking dirty money to offshore paradises, the law brings about a series of restrictive demands on crypto companies in a way never seen before.This development cuts into the notion that, in the past, the world’s richest people comfortably

Identifying and Trading 4 Different Bitcoin Chart Gaps

[ad_1] The talk of the crypto community in the past few months has been the gaps on the Bitcoin (BTC) CME (Chicago Mercantile Exchange) futures chart. Bitcoin trades 24/7 on major exchanges but does not trade on weekends on the CME. This often creates a gap, or empty space on the chart when trading resumes on the CME.There is a famous saying in Physics: “nature abhors a vacuum.” This is

Tether Claims to Be Okay With Merger of Class-Action Lawsuits Against It

[ad_1] Currently facing multiple lawsuits, cryptocurrency stablecoin issuer Tether (USDT) received a request from prosecutors asking for consolidation, combining three lawsuits into one, which Tether has not denied.“We did not oppose the plaintiffs’ requests to combine these frivolous claims, originally filed, respectively, in October in New York, in November in Washington and in January in New York,” reads a Tether statement shared with Cointelegraph via email on Jan. 17, 2020.Multiple

Uncovering the Motives Behind North Korea’s Crypto Conference

[ad_1] On Jan. 15, the United Nations warned that attending North Korea’s cryptocurrency conference in February will likely constitute a sanctions violation. According to Reuters, this notice was issued in a confidential report that will be submitted to the U.N. Security Council later this month.The warning comes after a series of events sparked suspicion around North Korea’s growing interest in blockchain and cryptocurrency. In August, a panel monitoring the enforcement

Chainalysis Finds Terrorists Are Refining Crypto Financing Operations

[ad_1] A new study by Chainalysis finds that terrorists are refining their financing operations using cryptocurrencies. Faster and broader fundingEarlier today, Jan. 17, the blockchain analysts identified Izz ad-Din al-Qassam Brigades (AQB), Hamas’s military arm and noted terrorist organization, as the first confirmed case of terrorists using cryptocurrency to aid their activity. AQB used a website to generate a new Bitcoin address for each donor to deposit funds. It included a

Three Days of Hearings Before India’s Supreme Court on Crypto Ban

[ad_1] The Supreme Court of India has wrapped up the first three days in a hearing on a landmark case brought against the country’s central bank against its ban on banks’ dealings with cryptocurrency-related businesses.From Jan. 14 through 16, proceedings were focused on arguments presented by Ashim Sood, the legal counsel for the the Internet & Mobile Association of India (IAMAI).IAMAI is a not-for-profit industry body whose mandate is to

Canadian Regulator Issues New Guidance for Cryptocurrency Exchanges

[ad_1] Canadian authorities have issued new guidance to determine which digital currency trading platforms fall under derivatives law.The Canadian Securities Administration (CSA) explained new provisions in the “Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets” published on Jan. 16. In general, the agency drew a line between trading platforms that make an immediate delivery of a crypto assets to its users, and those that