News: SEC targets cryptos, CBS site mines Monero, slapdash crypto “hedge funds,” Singapore pulls bank accounts

  • “Many of the new cryptocurrency funds that have sprung up call themselves hedge funds, but few have the infrastructure or level of experience to qualify as such, neither have they attracted many sophisticated institutional investors or shown signs they are doing much to hedge their long positions.” You’d almost think Bitcoin was amateur hour all the way down (archive).
  • Singapore crypto firms are liberated from their entanglement in the legacy banking system! Courtesy anti-money laundering rules and know-your-customer requirements.

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