Financial crime loopholes in U.S. stablecoin law offer a cautionary tale for Canada

Reported by RITA TRICHUR (Excerpt featured below. To read full report, go to: https://www.theglobeandmail.com/business/commentary/article-stablecoin-cryptocurrency-genius-act-donald-trump-money-laundering/) Hoopla over America’s new stablecoin law is fuelling fears that Canada is missing out on the latest cryptocurrency boom. The Guiding and Establishing National Innovation for U.S. Stablecoins Act, or the Genius Act, was signed into law by President Donald Trump […]

U.S. Congressional Committee Pushes To ‘Eliminate’ Illegal Marijuana Grows And Tackle Money Laundering By Chinese-Linked Cannabis Operations

Reported by Kyle Jaeger (Excerpt featured below. To read full report, go to: https://www.marijuanamoment.net/congressional-committee-pushes-to-eliminate-illegal-marijuana-grows-and-tackle-money-laundering-by-chinese-linked-cannabis-operations/) A key congressional committee is calling for a stepped-up effort to eradicate illegal marijuana grows that are “not sanctioned” by state or tribal law, while also tackling money laundering issues associated with illicit Chinese-connected cannabis businesses. The House Appropriations Committee included […]