Bitstamp Now Asks For Proof Of Source Of Crypto & Income – April 15

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $40,604

Bitcoin price has reclaimed the $40,000 level today, as price appears to have once again found a bottom in the mid-$39,000s.

Top-20 altcoins have bounced back strongly, as Ethereum gains 1%, XRP jumps 9% and Solana rises 2%.

Top Stories for April 15, 2022 πŸ”₯

πŸ‘‰ Bitstamp Now Asks For Proof Of Source Of Crypto & Income

Crypto exchange Bitstamp has beefed up their regulatory compliance to new levels, now asking users for proof of their source of crypto.

In addition to proving the origin of their crypto, users must also provide their nationality, place of birth, tax residence and proof of their annual income. Bitstamp is offering a $25 bonus in an effort to retain users amidst the compliance push.

Some disgruntled users have complained about the amount of time provided to withdraw their assets before the new measures were enforced.

πŸ‘‰ Emerging Nations Want CBDCs For Payment System Efficiency, Says BIS

A report from the Bank of International Settlements (BIS) has identified payment system efficiency as one of the key drivers for Emerging economies to develop and adopt central bank digital currencies (CBDCs).

The BIS believes that central banks in countries including Brazil, Hong Kong, Mexico and others will prioritize financial inclusion and focus on cyber security, and cross-border spillovers.

πŸ‘‰ Tornado Cash Blocks Sanctioned Addresses From Front-End Dapp

Popular Ethereum mixing service Tornado Cash has moved to block crypto addresses sanctioned by the US Office of Foreign Assets Control (OFAC), on its front-end application.

Tornado Cash has integrated a tool by Chainalysis to identify and block the addresses of concern. The project’s underlying protocol will remain untouched.