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Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult ourwebsite policyprior to making financial decisions.

Lawmakers on European Parliaments Economics and Civil Liberties committees voted in favor of the anti-money laundering regulation. This will impose a $1,000 cap on unverified crypto wallets on Tuesday. The limit represents a part of the EUs overhaul of its anti-money laundering (AML) regulations, which will also apply to decentralized autonomous organizations (DAOs), non-fungible token (NFT) platforms, and decentralized finance (DeFi) platforms.

European lawmakers have voted to impose a $1,000 cap on payments by anonymous crypto users, marking the blocs latest push in its revamp of money laundering laws. 99 lawmakers voted for imposing the limits, while eight voted against them.

Lawmaker Damien Carme, the lead negotiator of the revamp talks, previously said that the limits would not prohibit crypto payments because the $1,000 cap only applies to unregulated wallet providers and unverified wallets. The European Parliaments Economics and Civil Liberties committees approved the plans following the vote.

We are absolutely not preventing crypto transactions. Its just when identification isnt possible.

After several weeks of negotiations, the AML regulation will advance to a plenary vote in the Parliament. After that, it will allow inter-institutional negotiations between the Parliament, Council, and the European Commission to begin.

The vote comes several months after a leaked draft of the EUs money laundering bill showed that the bloc was planning to ban crypto providers from listing privacy-enhancing cryptocurrencies such as monero, dash, and zcash. However, Carme said a ban on such coins was unnecessary given that they were already prohibited under the EUs Markets in Crypto Assets regulation (MiCA).

Apart from the limit on unverified crypto wallets, the EUs AML regulation has several other implications for crypto. More specifically, the new AML rules will also cover DAOs, as well as NFT and DeFi platforms.

These companies will be required to comply with the AML rules as long as they remain controlled directly or indirectly, including through smart contracts or voting protocols, by identifiable natural and legal persons, according to the Block. Earlier this year, the EU considered easing regulatory requirements for smart contracts after policymakers agreed on a new text of the Data Act.

Unlike the MiCA, the AML regulation counts decentralized platforms as obliged entities to reduce the current regulatory gap in the region. According to Carme, decentralized platforms will be required to conduct due diligence and report questionable transactions to the authorities just like traditional financial institutions and real estate agents.

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About the author

Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.

Originally posted here:

EU Votes for AML Regulation: $1,000 Limit on Anon Crypto Transfers - The Tokenist

Ethiopian-Eritrean rapper Heno grew up in Takoma Park, Maryland, at the nexus of multiple worlds. As an honor roll student with street smarts, Heno experienced both the privileges and injustices of his environment. His familys apartment was located next to his elementary and middle schools, a library, and a police station a combination of places that would shape his perspective on life.

As a six-year-old, Heno explains that one of his earliest memories involved a traumatic encounter with the police when they unlawfully entered his home, shining a flashlight and pointing a gun at him. He says he was also wrongfully accused of selling drugs in first grade and handcuffed. These events influenced his perspective on life and his place in it and contributed to his awareness of the high incarceration rates in Maryland.

Today, Heno is using his art and blockchain technology to create meaningful impact in his life, the lives of his ever-growing digital community, and in his communities in the U.S. and Ethiopia.

In his upcoming album, Im Tired of Being Hypersurveilled, Heno intends to call attention to issues of racism, police brutality, mental health, and privacy. Every aspect of the digital world is monitored to some degree, Heno explains on the project website. I feel much safer offline and off the grid. [] Im tired of hypersurveillance.

And it isnt just about these platforms having access to our phone records, financial records, and facial recognition data, he explains, its also about the ways they profit off users. Social media users can build followings by sharing daily content, but in doing so, theyre also creating value for the platform.

According to Heno, blockchain technology is particularly well-suited to combat these problems. [In Web2,] we post our content, but we dont own it. In Web3, we own everything, he said in an interview with nft now.

But Henos art isnt just centered on raising awareness about such issues, it also directly contributes to social change. Proceeds from his drops go to The Bail Project, Maryland Alliance for Justice Reform, and the Baltimore Action Legal Team, making a tangible impact on the lives of people in his home state. Further, as a volunteer for Wegene Ethiopian Foundation, Heno helped open a knowledge center in Ethiopia, providing computer labs and other technology to local children.

These endeavors are a large part of why he believes hes made a name for himself in Web3. People care more about the intention behind a project in Web3 than in the traditional music industry, he said. Once I figured that out, I knew Id found the right place.

Though Heno sees himself in the right place, his career originally began in web2. His transition into Web3 highlights the advantages of trust and transparency that blockchain technology offers artists.

I come from the traditional music industry, where I paid thousands of dollars to draft contracts to do business with people, Heno explained. If I need 20 pages of clauses to do business with you, maybe we shouldnt be working together. In contrast, smart contracts enable artists to collaborate and conduct business without the need for complex legal agreements or intermediaries.

Heno also emphasizes the importance of each artist understanding their compensation and ownership, which blockchain technology makes more transparent and accessible. This ease of access empowers artists to take control of their careers and financial futures, thus enabling their continued artistic expression.

Obviously, I get paid more in Web3 than I got paid for streaming numbers, he said in an interview with nft now. Thats great, but thats the short-sighted benefit. Having the freedom to choose both his financial and creative path is a privilege he wouldnt have enjoyed under a traditional record contract.

Many artists grapple with imposter syndrome, assuming they have to settle for less and rely on larger entities to succeed. Henos experience in Web3 proves that this isnt the case. I think when people see you helping yourself, they want to support you more, he said. Through Web3, Heno has been able to build relationships with people directly, fostering a supportive community and connecting with audiences on a deeper level.

Heno also notes the importance of humility and learning in building community in Web3. Given the technological learning curve, artists must approach the space with a genuine desire to learn and adapt. This mindset has been one of Henos most significant assets, allowing him to evolve alongside the rapidly changing landscape. His desire to learn has helped him collaborate with artists like Mick Jenkins, JPEGMAFIA, Chaz Bear, and more.

Through his collaborations with the community and his desire to drive social change, he has managed to create a unique digital world around his music. Of particular significance is a short film titled In the Meantime, which will be released as a series of NFTs soon.

Henos goal is to create artwork that stimulates conversations, fosters connections, and facilitates transformation. While driving social change through their craft is certainly crucial, artists must also champion themselves. One method to achieve this is by experimenting in Web3.

He believes blockchain technology allows him to break down his work into digestible pieces, making it more accessible and engaging for audiences. By pushing the boundaries of whats possible in Web3 and leveraging the unique opportunities it presents, Heno and other artists can continue to drive social change through their art, but also through advocating for themselves.

Read the rest here:

From Rap to Web3: Heno's Journey to Ignite Social Change - nft now

London, United Kingdom, March 27, 2023 --(PR.com)--BlockOS AI, a technology startup focused on blockchain and AI solutions, today announced its plans to launch an innovative operative system that will allow users to mine through RAM and use AI to manage blockchain.

The operative system, which will be based on GNU, will allow developers to build scalable blockchain applications with ease. With BlockOS AI, smart contracts can be written in any language, making the platform accessible to a wider range of developers. The system will also use AI to manage the blockchain, making it more efficient and less prone to errors.

"We believe that BlockOS AI will change the way people think about blockchain technology," said Vin, founder and CEO of BlockOS AI. "Our innovative operative system will make it easier for developers to build blockchain applications, while also making the technology more accessible to the wider public."

BlockOS AI is seeking funding to develop the project and build a community around its platform. The company believes that the success of BlockOS AI depends on collaboration and input from the wider blockchain community.

"We're excited to work with developers, investors, and other stakeholders to build the future of blockchain technology," said Vin. "We believe that with the right support and resources, we can make BlockOS AI the go-to platform for blockchain development."

To learn more about BlockOS AI and its innovative operative system, please visit https://blockosai.com.

BlockOS AI's data-sharing platform is now available to businesses looking to enhance their decision-making capabilities and improve efficiency. For more information, visit the BlockOS AI website at https://blockosai.com.

More:

BlockOS AI Announces Plans to Renovate Blockchain Technology ... - PR.com

2023 is a year of digital technology, whether about robots or currencies. Secure and private transactions build a strong relationship between buyer and seller. The secure and private cryptocurrencies enable a Decentralised financial system and provide a secure platform to transfer payments.

Not all cryptocurrencies are private by nature. Many readily trace transactions online. In addition, all bitcoin transactions are traceable as they are maintained on a public ledger.

Many use various technological methods to enforce privacy and protect users identities.

Here we are bringing a list of the top 10 private and secured cryptocurrencies.

Bitcoin is the most famous cryptocurrency in the digital world. It is the famous due to its security and decentralized nature. By far, cryptocurrency is the most secure digital currency. It enables smart contracts, a transparent ledger system, and powerful encryption techniques to guarantee a safe transaction environment.

It is another digitally secured asset. It is one of the most secure digital currencies, and its platform is founded on blockchain technology. The best part of Ethereum is that no bad actors can influence or control the network.

Litecoin enables users to send money securely. Not only money but a user can exchange goods and services and trade with other users in a secure environment.

The currency has many advanced cryptography and security measures available, making it an excellent choice for those searching for secure transactions.

Another famous decentralized system that enables users to send money in a faster way without having to go through standard banking procedures.

The network provides secure transactions. In addition, Ripple offers a strong layer of security and privacy that enables users to maintain the secrecy of their financial information.

Dash is another famous cryptocurrency that prioritizes anonymity and security. The two characteristics make it a perfect platform for users willing to make payments covertly. In addition, it allows users to carry out discreet transactions at affordable costs and quick transfer rates.

It is a privacy-focused cryptocurrency, and zero-knowledge encryption enables users to receive and send money without disclosing the details of their transactions. It gives an additional layer of privacy and security, which makes it an excellent choice for users who wants to keep their financial transactions private.

Binance and Paxos together created the stablecoin known as Binance USD. This will help to create a cryptocurrency backed by the dollar.

Paxos can keep the US dollar equal to the whole supply of BUSD. BUSD lowers the volatility risk, enabling cryptocurrency users and traders to continue transactions with other crypto assets.

Stellar provides the fastest speed, and security enables users to send money quickly without worrying about security threats.

The digital technology provides secured transactions and consensus processes. From a security point of view, Stellar incorporates superior encryption technology and robust protocol-level protections to protect consumers against fraud.

It is another form of digital currency that uses blockchain technology and smart contracts to enable secure peer-to-peer transactions with low fees.

However, it also enables excellent cryptography, making it a perfect choice for people worried about their assets.

It is a Decentralised digital platform that enables safe payments and its native cryptocurrency. The technology uses advanced cryptography and smart contracts to ensure complete user security and guidance.

On this platform, users feel secure as users are protected from double-spending and fraud. However, it adds a layer of privacy to secure user information.

Read more:

Karachi Court Issues Non-bailable Arrest Warrant for Waqar Zaka for Rs173 Million Cryptocurrency-related Transactions

Pakistani Trader Under Investigation for Money Laundering Millions Using Cryptocurrency

View original post here:

Top 10 Secure And Private Cryptocurrencies In 2023 - TechJuice

Seasonal Tokens represent a new frontier of investing, fusing the potential of blockchain technology with the rhythms of seasonal pricing. This is largely achieved through the use of smart contracts, which enable predictable changes in supply and demand, creating exciting opportunities for investors everywhere.

The following discussion will explore the crucial role of smart contracts in the Seasonal Tokens ecosystem, as well as the detailed mechanics that make Season Tokens a game-changer in the world of cryptocurrency investing.

Seasonal Tokens are a new breed of cryptocurrencies that have been specially designed to represent the idea of seasonality in the cryptocurrency market. At its core, seasonality refers to a recurring and predictable pattern of price changes that occur within markets.

To get a firmer grasp of this concert, imagine a field of crops such as cotton or wheat Throughout the year, the price of the crop fluctuates predictably in response to demand, harvest seasons and production levels. During harvest season, there is a surplus of crops available which leads to lower prices. Conversely, during periods of low production, the supply of crops decreases, resulting in an increase in prices.

Seasonality is a natural phenomenon that holds immense value for a broad range of stakeholders. The predictable changes in supply and demand create predictable fluctuations that allow traders to make informed decisions on when to buy or sell commodities. This fosters an equitable and level playing field, where investors can compete based on knowledge and skill, rather than just relying on luck or speculation.

Seasonal Tokens consist of four unique cryptocurrencies, each with its own distinctive name: Spring, Summer, Autumn and Winter. Just as the seasons bring about distinct changes in nature, each token reflects a different phase of the crypto market cycle.

However, while the names of the tokens may evoke a sense of simplicity, the truth is that Seasonal Tokens operate with a high degree of sophistication and intricacy. The following section will delve into their sophisticated ecosystem, the role of smart contracts, unique production schedules and the intricacies that make Seasonal Tokens a disruptive force in cryptocurrency.

Before diving into how Seasonal Tokens leverage smart contracts and blockchain technology, it is essential to understand what these terms mean

Like most cryptocurrencies, Seasonal Tokens leverage blockchain technology and smart contracts to operate in a decentralized, transparent, unbiased and trustless manner, eliminating the inefficiencies and failures that arise from human intervention. To achieve this, Seasonal Tokens employ a proven validation method of proof-of-work (PoW), which involves miners competing to secure the blockchain and validate transactions for a reward. Simply put, this process is like a high-stakes game of computation power, all in the pursuit of maintaining the integrity of the system.

Smart contracts not only secure the blockchain, but also facilitate cyclical shifts in supply and demand in the Seasonal Tokens ecosystem. Every nine months, one of the four Seasonal Tokens undergoes a systematic halving of production rates, akin to the changing of seasons in nature. This results in predictable shifts in supply and demand, leading to changes in price.

Compared to Bitcoin and other crypto assets, Seasonal Tokens offer a unique composition, with more frequent halving cycles that minimize volatility. Moreover, Unlike Bitcoin, which consists of a single native asset (BTC), Seasonal Tokens consist of a suite of four unique cryptocurrencies.

While the concept of seasonality may sound familiar to experienced cryptocurrency investors, Seasonal Tokens are unique in their composition compared to other assets like Bitcoin. Rather than a single native asset like BTC, Seasonal Tokens are made up of four unique cryptocurrencies. Together, these attributes result in a pricing structure that is less volatile and more predictable, which benefits traders. Additionally, miners can switch between tokens to maintain profitability during a halving event, highlighting the versatility and value of Seasonal Tokens.

Seasonal tokens offer a fresh and innovative approach to crypto investing, combining the power of smart contract technology with the reliability of seasonal price shifts. Through smart contracts, Seasonal Tokens create a fair, secure and efficient ecosystem that caters to the needs of traders and miners alike.

Moreover, the concept of seasonality further enhances the value of Seasonal Tokens by offering more stable and predictable pricing dynamics compared to other cyclical assets in the market. The confluence of these factors positions Seasonal Tokens at the cutting edge of innovation in the cryptocurrency industry.

Featured Photo by Markus Spiske on Unsplash

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice

Excerpt from:

How Smart Contracts And Seasonal Tokens Are Revolutionizing Crypto Investing - Benzinga