The recent Anti-Money Laundering legislation imposes certain limits for cash transactions and anonymous cryptocurrency payments. A majority of the European Parliament’s lead committees have approved a ban on cryptocurrency transactions of any value made through hosted crypto wallets. This comes amid the European Council and parliament provisionally agreeing to expand parts of the European Union’s Anti-Money Laundering…
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Key Points: The US Depository faces a lawful test to upset the ruling against Twister Money. Plaintiffs contend that OFAC broke the Free Speech clause and exceeded its authority under the IEEPA. It is considered a violation of the First Amendment to prohibit open-source code. The legal challenge against the United States Treasury over its…
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