Argentina’s Financial Information Unit (FIU) has ordered stricter controls and monitoring into cryptocurrency transactions in the country to eradicate money laundering and other illicit activities.      Argentine newspaper El Cronista reported that the FIU, a government agency that is responsible for enforcing anti-money laundering laws and compliance, is looking to tighten its controls on cryptocurrency trading.    President of the Financial Information Unit, Carlos Alberto Cruz said, “In recent times, we have seen an increase in operations carried out through virtual assets.” He added that these transactions could be “carried out by people who intend to circumvent international standards and avoid the anti-money laundering system.”   The announcement by the FIU comes at a time when Arge...

Crypto businesses may soon be offered a regulated path to legalization in the state of Louisiana. The state of Louisiana may soon pass a bill, that was filed earlier this year and will allow crypto-businesses to operate legally under a state license. The proposed bill has been backed by Louisiana state representative Mark Weight. Should the bill be passed, the state would have a regulated crypto framework to operate within and would provide an official definition of traditionally ambiguous cryptocurrency-related terms. Unanimous Approval The crypto-license bill was unanimously approved in Louisiana’s House of Representatives last week. A positive sign for potential cryptocurrency providers, but it will now have to pass through the State Senate, and then to the Committee on Commerce, Consu...

According to recent data and reports, Bitcoin and cryptocurrency adoption are soaring across Africa. Cryptocurrency adoption and peer-to-peer Bitcoin transactions are on the rise across the African continent. There have been significant advances across Africa for crypto adoption in terms of regulation, trade volume, and reported cryptocurrency ownership. Currently Uganda, Nigeria, South Africa, Ghana, and Kenya frequently rank among the top 10 countries for Bitcoin Google searches according to a recent report by Arcane Research and Luno. The research emphasizes that Africa is, “one of, if not the most promising regions” for cryptocurrency adoption as it exhibits a young and largely underbanked or unbanked population who are often forced to use expensive forms of money remittance.Crypto P2...