Page 7 - John Jefferies News Today

What you shouldn’t do if you get arrested for breaking South Africa’s lockdown laws: legal expert Subscribe SAPS officials have arrested more than 20,000 people for failing to follow South Africa’s adjusted level 3 lockdown restrictions introduced on 28 December. Police minister Bheki Cele, who made the announcement on Wednesday, said that most of these arrests have been around the country’s current prohibition on the sale and transport of alcohol. He said that around 7,000 people have ...

Self-Hosted Bitcoin Wallets Become Front Line in Fight Over Crypto Regulations Dec 18, 2020Regulations The Takeaway: Blockchain analytics companies tend to flag funds moving to and from private crypto wallets, with self-custody said to be the next fault line for crypto regulations. One such firm, CipherTrace, has examined privacy coins such as zcash, as well as non-custodial and peer-to-peer exchanges like ShapeShift, LocalBitcoins and Paxful. CipherTrace acknowledges compliance standards are e...

Seychelles, Longtime Home of BitMEX, Is Bending to US Pressure on KYC Dec 17, 2020 Coconut drink, Port Victoria, Seychelles (EyesWideOpen/Getty Images) The Takeaway: Out of a list of 26 crypto exchanges domiciled in the Republic of Seychelles, approximately half have poor know-your-customer (KYC) procedures, according to blockchain tracking firm CipherTrace. Analysis of certain Seychelles-based exchanges reveals the proportion of funds flowing to and from “high risk” sources and dark market...