Daily Crypto Digest - Stolen NEM tokens Blacklisted | + | Banks Further Crypto Crackdown | + | Crypto harder to launder than fiat study shows | 2.2.18
Stolen NEM tokens Blacklisted
The devs of NEM traced the funds of the 400Mln $ stolen NEM tokens, and blacklisted the tokens, rendering them useless to exchanges. However, it seems they are breaking the coins into 100 XEM batches into new wallets, but- dividing 500million coins into 100 coin bundles even automated is a huge process. They are going to definetely get away with some of the money, however the odds of even 1% of them being laundered is unlikely.
Banks further crypto Crackdown
JPMorgan expects to start its ban on Feb 3. Due to credit risks, Bank of America is also said to begin on Feb. 2nd.
The bank of America is limited to credit cards. Citing, money laundering as the reason, even though less crypto illicit activity is present. And supposedly adds they are 'concerened' in users purchasing more than they can afford.
I see this as a double edged issue. It's a reason we need to get away from relying on banks and credit systems, and also a step towards getting people to become more responsible investors!
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