The Blaze
Data breach exposes pitfalls of customer identification regulations
A recent hack of Evolve Bank and Trust shows the unintended consequence of excessive Know Your Customer and anti-money-laundering laws. One of the most consequential bank hacks of the last few years was just revealed to the public. In a post uploaded to its website two weeks ago, the Arkansas-based Evolve Bank and Trust informed its customers…
The feds are trying to stifle Bitcoin and crypto with draconian new regulations
Should regulations aimed at halting the financial activity of alleged criminals and terrorists be vastly expanded to include cryptocurrencies and firms that use them? Could this potentially harm entrepreneurial spirit and consumer freedom to deal in digital assets? Those were the questions asked this week in Washington as officials from the Treasury Department seek new…
How politicians are using fake news to crack down on digital currency
Elizabeth Warren and other critics seized on the October 7 Hamas attacks to crack down on Bitcoin. But the terrorists use cash, not crypto. In war, the Greek poet Aeschylus said, the first casualty is truth. In the war between Israel and Hamas, there have been plenty of opportunities for lies to achieve political ends.…