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China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
20.8.2024
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019.
UK Law Commission sees no need for DAO-specific legal entity
12.7.2024
The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks
UK Law Commission sees no need for DAO-specific legal entity
12.7.2024
The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks
Taiwan proposes tougher AML measures for crypto service providers
9.5.2024
Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance
China Gears Up for Updated Crypto AML Laws: Report
31.1.2024
China is reportedly planning to enhance surveillance over the burgeoning crypto sector, by amending its anti-money laundering (AML) laws to include crypto transactions. A group of executives, chaired by Prime Minister Li Qiang discussed the ‘revised draft’ of the AML regulations on January 22....
EU Tightens Crypto Regulations with Provisional AML Agreement
18.1.2024
The European Union has provisionally agreed on new anti-money laundering (AML) regulations specifically targeting the crypto sector. According to a press release published by the European Council, the provisional agreement reached by Council and the Parliament focuses on enhancing measures...
Former Binance CEO CZ’s Guilty Plea Accepted by US Judge
7.12.2023
Source: DALL·E Changpeng Zhao, former CEO of Binance known as CZ, had his guilty plea accepted by a U.S. judge in a case involving anti-money laundering (AML) regulations. According to a recent court filing in the U.S. District Court for the Western District of Washington in Seattle, Judge Richard...
Europe's AML regulations come at a high cost — for your privacy and otherwise
17.10.2023
The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high
Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June
25.5.2023
Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing...
President of Panama shoots down crypto bill citing FATF guidelines
17.6.2022
Although the President has previously called the laws innovative, his concern regarding anti-money laundering measures has put the bill back up for debate with the government
Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry
12.3.2022
Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s...
Hong Kong ATMs Must Be Excluded From Coming AML Regulations, Group Says
24.12.2020
The government’s plan to regulate cryptocurrency exchanges in Hong Kong could mean ATMs may also be off-limits, the group claims
Spain’s Crypto Firms to Face New Registration Requirements Under EU-Driven Bill
23.6.2020
Spain is finally getting around to amending its AML laws six months after EU deadline for compliance. The public comment period on that amendment ends today
European AML Regulations Follow the US Path With a Six-Years' Delay
30.11.2019
The EU’s AML legislation is following the U.S.’s path but with significant delays for the emerging tech industry
Calibra Head David Marcus Touts Libra’s Money Laundering Standards
29.10.2019
Calibra wallet head David Marcus says that Libra’s anti-money laundering compliance will be better than many alternatives
UK Regulator Ramps up Crypto Investigations and Considers KYC for Wallets
8.10.2019
The U.K.’s Financial Conduct Authority (FCA) has been relentlessly scrutinizing cryptocurrency startups and investigations are up 74% from last year. Meanwhile, proponents of decentralized software development models and open collaboration are upset about the FCA aiming to extend KYC/AML...
Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash
22.7.2019
On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week...
Crypto Advocacy Center Says Proposed UK AML Regulations Violate Privacy Rights
10.6.2019
Nonprofit crypto policy center Coin Center has urged Her Majesty’s Treasury not to over-broaden the scope of U.K.’s anti-money laundering/counter terrorism financing regulations