Tharman Shanmugaratnam, Singapore's deputy prime minister and minister in charge of the central bank, was speaking at a parliamentary session on Monday when he was asked by MP Foo Mee Har about how authorities could enforce anti-money laundering laws and counter-financing of terrorism (AML / CFT)
laws on cryptocurrency transactions with a specific focus on bitcoin.
Not exact matches
As all
transactions are kept
on a public ledger called the blockchain and readily available to anyone savvy enough to do some digging,
law enforcement agencies and researchers have made significant progress towards identifying the people behind
cryptocurrency transactions.
«Moreover, the authorities were assigned to develop a mechanism for ensuring access of
law enforcement bodies to the data of
cryptocurrency exchanges with the obligation of the given subjects to store information about all
transactions within the period established by
law for financial institutions and disclosure of customer information
on a motivated request.»
KODAKCoin's status as a security likely will preclude the token from being tradable
on unregulated
cryptocurrency exchanges that are subject to U.S. securities
laws — likely affecting the token's liquidity — and KODAKCoins would be resalable by purchasers only either in a registered securities offering or a
transaction exempt from securities registration (such as under the Rule 144 safe harbor for sales by non-affiliates after a holding period is met).