Cryptocurrency News Today: Moonday Mornings: IBM wants to put your browser history on the blockchain, forever
1. Cryptocurrency traders in Israel are facing a sticky situation. Some banks are refusing to accept deposits from profits of Cryptocurrency trading for fear they may have been obtained through illicit or illegal activities, local media reports. There is now a stack of $86 million in unpaid taxes that should have been paid on earnings from Cryptocurrency trading.
2. Over the past financial year, – April 1, 2018 to March 31, 2019 – Canada’s anti-money laundering watchdog sent 61 Cryptocurrency-related incidents to relevant law enforcement agencies, according to The Globe and Mail. This is more than three times the number of cases it sent in the previous year. Industry experts expect this number to explode over the next 12 months when the watchdog begins examining the operations of virtual currency exchanges.
3. After a five-year wait, China’s central bank digital currency is said to be “ready,” The Block reports. A senior official from the country’s central bank announced that it would roll out its digital currency “soon.” According to the announcement, the prototype coin exists and has “fully adopted the Blockchain architecture.” That said, the digital currency won’t rely entirely on a “pure Blockchain” as it wouldn’t provide the transaction speed required for the coin to be u