Japan to Urge G20 to Prevent Money Laundring via Crypto

Unnamed source in Japanese government doesn't believe that the G20 financial leaders will issue a joint communiqué on the general rules for digital currencies
13 March 2018   483

According to Reuters, referring to an unnamed government source, Japan plans to call on the G-20 leaders to adopt general rules on cryptocurrency, in particular, in order to prevent their use in money laundering.

However, the official with whom Reuters spoke doesn't believe that the G20 financial leaders will issue a joint communiqué on the general rules for digital currencies, as each G20 member country has its own views on how to resolve this issue.

Discussions will focus on anti-money laundering steps and consumer protection, rather than how cryptocurrency trading could affect the banking system.The general feeling among the G20 members is that applying too stringent regulations won’t be good.

Unnamed Reuters' Source

The finance ministers and heads of central banks of the G20 countries - an organization that includes the world's largest economies - should meet at a summit scheduled for March 19-20 in Argentina's Buenos Aires. One of the most important issues for discussion will be just virtual currencies.

In addition, during the summit, the Financial Action Task Force on Money Laundering (FATF), which includes 37 countries, will present its findings to G20 members regarding the prevention of the use of new technologies for money laundering. This organization is based in Paris. It was founded by the "big seven" to fight illegal finances.

DApps Vulnerability Allowed Hackers to Still 400k EOS

EOS based gambling projects fell victims of the hacks
11 December 2018   38

PeckShield cybersecurity experts discovered that from July to November, hackers carried out 27 attacks on decentralized applications (DApps) in the EOS ecosystem. Losses from attacks are estimated at 400,000 EOS coins, which is equivalent to $ 760,000 at the time of writing. This is the Chinese edition of Blockchain Truth.

According to the PeckShield report, in one month, hackers took over 170,503 EOS, attacking eight DApps: EOSBet, EOSCast, FFgame, EOSDice, EOSWin, MyEosVegas, LuckyGo and EOSLelego. Experts point out that while vulnerabilities are rooted in DApps, these attacks are a threat to the security of an EOS ecosystem.

They also concluded that such attacks began to take place more often, and their success rates are only improving.

According to PeckShield, the EOS network has 500,000 accounts, 200,000 of which are inactive. The report also states that 120,000 accounts are collectively managed.