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Byte Federal in Nashville
Nashville, TN is set to be the epicenter of the Bitcoin world this week as it hosts the year’s most anticipated Bitcoin conference from July 25th to 27th. As Bitcoin’s prominence continues to soar, the event has attracted an incredible lineup of speakers, turning it into a must-attend for enthusiasts, investors, and industry leaders alike. The conference, a nexus of innovation and political discourse, features a diverse array of prominent figures. Among them is presidential candidate Donald Trump, whose presence underscores the growing political significance of Bitcoin. Vice President J.D. Vance is also slated to attend, further highlighting the mainstream
Taiwan Proposes Stricter AML Laws for Crypto Service Providers Amidst Regulatory Overreach Concerns
Taiwan’s Ministry of Justice has put forward a proposal to amend its Anti-Money Laundering (AML) regulations, specifically targeting virtual asset service providers (VASPs). The proposed amendments suggest imposing jail terms of up to two years and fines up to $1.5 million for firms that fail to comply with the new regulations. These amendments are part of the “New Four Laws to Combat Fraud” initiative by Taiwan’s Executive Yuan and are set to be reviewed by the national parliament. Increased Penalties and Registration Requirements Under the proposed amendments, VASPs face significantly stricter penalties for non-compliance, including potential prison sentences for operating
Bitcoin Hits New, Historic, All Time High
On Tuesday, March 5, 2024, the Bitcoin price broke past a new all-time high (ATH) of $68,869.87. While the price only held briefly, the milestone is particularly noteworthy as it marks the first time in Bitcoin’s history where it has reached new heights BEFORE a halving event. The previous ATH of $67,567, was recorded on November 8, 2021. Although the price ascent was brief, with values now hovering between $64,000 and $68,000, the implications of this milestone may be profound. The price action in dollars marks a new ATH in 14 currencies worldwide. The surge raises critical questions about the
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