Coinbase and Visa are at odds over who caused excess charges on credit and debit cards for some customers purchasing cryptocurrencies on Coinbase's platform. Though Visa and payment processor Worldpay have reportedly now stated the issue wasn't Coinbase's fault, customers remained angry at the trouble caused. Also see: Chicago Trader the First to Be Charged With … [Read more...] about Coinbase and Visa Clash Over Who Caused Duplicate Card Charges
After international banks banned their customers from purchasing cryptocurrencies, including bitcoins, using their credit/debit cards, Citi India and Kotak Mahindra Bank of India have also joined their hands in the league. Also see: John McAfee Apologizes to Binance CEO, Walks Back Outage FUD Subscribe to the Bitsonline YouTube channel for great videos featuring industry … [Read more...] about Kotak Mahindra and Citi Ban Bitcoin Credit/Debit Card Buying
Criminals are laundering "billions" using bitcoin and other cryptocurrencies, according to E.U. law enforcement agency Europol. Although director Rob Wainwright used the statistics to call for more industry and regulatory action to combat it, some commentators noted the amount is tiny compared to that passing through the heavily-regulated banking system. Also see: John … [Read more...] about Europol Worries About Billions in Bitcoin Money Laundering, but What About ‘Regulated’ Banks?
There are further concerns today over links between the legacy financial system and organized crime. Their warnings came after Rabobank was fined $368 million USD for laundering money for Mexican drug cartels. Also read: Fear and Loathing in Crypto-Vegas: How the Thud of FUD Nipped Fundamentals in the Bud Subscribe to the Bitsonline YouTube channel for great videos … [Read more...] about More Concerns Over Legacy Finance Crime Links After Rabobank Fined for Money Laundering
Angus Champion de Crespigny, Americas blockchain leader at Ernst & Young (EY), told Bloomberg that institutions in the cryptocurrency space need to have a long-term plan -- which they probably already have. He added that institutions do not have the tendency to implement products overnight, so any change in Bitcoin value now or in the future will not impede long-term … [Read more...] about Cryptocurrency Investing Should Be a Long-Term Thing, Says EY Americas Blockchain Leader