- May 5, 2022
- Posted by: Bastion team
- Category: World News
MicroStrategy, which is one of a few companies with massive crypto holdings, has named a new finance chief in Andrew Kang, The Wall Street Journal reported Wednesday (May 4).
This comes after the company said last week that it would offer employees the option to invest their 401(k) funds in Bitcoin. Kang was previously CFO of the home improvement lender GreenSky.
In more crypto news, Moneyval, the Council of Europe’s anti-money laundering and counterterrorist financing body, is asking governments to do more to regulate the virtual assets sector, a council press release said.
The body wants them to look into specialized “gatekeeper” jobs like lawyers, accountants and other service providers who help launderers.
The report cites Elżbieta Frankow-Jaśkiewicz, chair of Moneyval, who talks of the growing scale of money laundering and how “the persistence of launderers in abusing the international financial system to hide their illicit proceeds” were shown with the Pandora Papers leak.
Meanwhile, the Bank of Uganda has warned payment intermediaries against facilitating crypto transactions, having not licensed any institution in the country to do so, Bloomberg reported.
This comes after press advertisements said investors can convert crypto into mobile money or vice versa. The bank said that can’t happen without service providers and system operators.
In other news, digital asset data provider Amberdata has raised $30 million in a Series B, according to a press…