Crypto Exchangers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, the financial watchdog says.

When you're trying to do a large wire transfer to someone else in the traditional banking system, when it's over $10,000, the bank will perform something called kyc. know your customer checks on who you are, the source of funds and who it's going to. we need the financial institutions in the crypto space to do those same checks on their customers. crypto exchangers and others that are playing a role in the transfer and conversion of the funds, the cryptocurrency funds into what's called fiat currency, dollars, rubles, whatever it may be so we can finally start tracing those payments and exposi...

Tail. nowadays you can say please transfer money to my bitcoin wallet and no one knows who owns that bitcoin wallet. as a result, it has really generated this explosion in ransomware and extortion schemes because now they can receive the payments in effectively an untraceable manner. >> you say the fix is for the administration to crack down on cryptocurrency. how? do you believe that they could make it illegal? >> no, i don't think we should ban it. what we should do is apply the exact same standards that we have in the rest of the financial system. when you're trying to do a large wire trans...