Daily Archives: 12/04/2021

CipherTrace provided DeFi projects with a tool to comply with US sanctions

Analyst firm CipherTrace has announced the DeFi Compli tool. It will exclude the interaction of DeFi projects with cryptocurrency addresses from the OFAC sanctions list. DeFi Compli will monitor that addresses used for trading on Decentralized Exchanges (DEX) are not blacklisted by the Office of Foreign Assets Control (OFAC). This list includes cryptocurrency addresses related to drug trafficking, terrorist financing, “election interference”, cybercrimes and other illegal activities according to the US government. CipherTrace has launched…

Poll: 9% of American Teens Trade Cryptocurrencies

According to a survey by investment bank Piper Sandler, 9% of teens in the US were trading cryptocurrencies. Experts consider it dangerous that young people are trading in “high-risk assets”. Piper Sandler’s Taking Stock With Teens survey surveyed 7,000 teens and about 630 of those surveyed said they had traded cryptocurrencies. However, the survey did not collect any additional information about which cryptocurrencies were at the disposal of young people, the respondents kept the cryptocurrency…