IMF Considers Crypto Regulation is Inevitable

This is said by Christine Lagarde, Head of the organization at a summit in Dubai
12 February 2018   585

Head of the International Monetary Fund (IMF) Christine Lagarde said that the fund is trying to prevent the use of bitcoin and other crypto currency for money laundering and terrorist financing. She said this in an interview with CNN Money.

I believe that it [crypto regulation] is inevitable.We had regulation of organizations over the past ten years after the financial crisis, but now we definitely need to move towards regulation of [crypto-currency] transactions.

Christine Lagarde

Head, International Monetary Fund

According to her, the crypto currency has many "dark" moments, so the IMF actively tries to prevent their use for money laundering or terrorist financing.

Also, Kristin Lagarde added that regulators need to focus on how and by whom transactions are conducted, their control, and also on the availability of necessary licenses for operators.

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   68

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.
 

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.