Blockchain May be Used to Fight Prostitution

U.S. Congressman Juan Vargas penned the Fight Illicit Network and Detect (FIND) Trafficking Act 
13 June 2018   602

Member of the Committee on Financial Services at the US House of Representatives, Juan Vargas, proposed the use of blockcain technology to combat the use of cryptocurrency when buying sexual services and drugs. This is reported by CoinDesk.

Juan Vargas hopes that this bill will make the scope of the cryptocurrency more transparent and improve the efficiency of the federal services.

On 11 June 2018, U.S. Congressman Juan Vargas penned the Fight Illicit Network and Detect (FIND) Trafficking Act in order to "improve the efforts of Federal agencies to impede the use of virtual currencies and online marketplaces in facilitating sex and drug trafficking."

If the US Congress takes the initiative to vote, the Office of General Accounting will conduct a study on how virtual currencies are used to support trafficking in persons, drug trafficking and other purposes.

In March, the Playboy TV network began accepting cryptocurrencies as payment for adult content. However, the work of such platforms became endangered after the US Congress passed the FOSTA-SESTA law in April, banning sex trade on the Internet.

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   119

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.

Elliott Suthers


Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.