Search
Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules
19.1.2024
Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk
Peter Schiff Predicts Bitcoin Bloodbath — Expects SEC Chair Gary Gensler to Introduce ‘New Onerous Crypto Regulations’
19.1.2024
Economist and gold bug Peter Schiff has predicted that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler “will soon introduce new onerous crypto regulations” that will result in “a sharp decline” in the price of bitcoin. Schiff expects the new regulations...
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...
EU Provisionally Agrees Tough Crypto Due Diligence Measures to Combat Money Laundering
18.1.2024
Crypto firms have to do checks on transactions of 1000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets
EU Banking Watchdog Seeks to ‘Harmonize’ AML Measures With Extension to Crypto Firms
16.1.2024
Source: AdobeStock/Grecaud Paul Europe’s leading banking entity, the European Banking Authority (EBA), has extended its regulatory reach to cover the cryptocurrency space. In a blog post dated January 16, the EU banking watchdog announced the release of new guidelines focusing on money...
EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms
16.1.2024
The European Banking Authority issued new guidance for crypto firms that will come into effect on Dec. 30, 2024
UAE Authority Updates Anti-Money Laundering Measures to Implement FATF’s Travel Rule
21.12.2023
Image Source: Diana/Adobe Stock The Financial Services Regulatory Authority (FSRA), a financial regulatory body in the United Arab Emirates, has released an updated version of its Anti-Money Laundering (AML) and sanctions rules specifically tailored for digital assets. In an official announcement...
Exclusive: Micapass CEO Gintarė Košubienė Discusses AML Compliance Shift in Crypto Post-Binance Fine
14.12.2023
The cryptocurrency industry is on the brink of a transformative shift in Anti-Money Laundering (AML) compliance, a change propelled by the recent landmark fine imposed on Binance and its CEO, Changpeng Zhao. The recent anti-money laundering case involving Binance and its former CEO, Changpeng Zhao...
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass
12.12.2023
Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress
Crypto Provisions Dropped From 2023 U.S. Defense Bill
8.12.2023
The military-linked bill is viewed as must-pass legislation, so lawmakers sometimes try to tack on other things to get them passed, too
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...
European Banking Authority Calls for Enhanced Anti-Money Laundering Rules for Crypto Providers – Regulation Incoming?
24.11.2023
Source: AdobeStock / rarrarorro The European Banking Authority (EBA) aims to update the Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers. In a consultation paper released on November 24, the banking regulator of the European Union acknowledged...
Binance’s American VIPs: A Revealing Look at High-Net-Worth Influence Amid DOJ Settlement
22.11.2023
On Tuesday, charges against crypto exchange titan Binance Holdings Limited were revealed by the U.S. Department of Justice (DOJ), which reached a significant $4.316 billion settlement with the world’s largest crypto exchange for noncompliance with anti-money laundering (AML) laws. Despite Binance’s...
BNB Plummets as Changpeng Zhao Resigns Amid AML Charges
22.11.2023
Binance’s BNB is currently exchanging hands at $235.24, a slip of 9.70% at the time of drafting this article. This further represents a fall of 4.32% in the last week. While it is normal for volatility to factor in and affect the prices of cryptocurrencies, the situation in the case of BNB...
CZ cites Star Trek to Binance staff: ‘l need everyone to continue performing admirably’
22.11.2023
Former Binance CEO CZ sent a letter to employees after he stepped down, assuring employees the company would be fine, and quoting a famous Star Trek line as he closed
US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
20.11.2023
Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected
U.S. FSC to discuss illicit activity in crypto at upcoming hearing
13.11.2023
Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the Financial Services Committee hearing
Today in Crypto: DCG Paid Off $575 Million in Debt Since End of 2022, $720 Million Stolen across 117 Breaches in Q3
25.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Investment news Digital Currency Group (DCG), the crypto company founded by finance veteran Barry Silbert, has paid...
Sen. Warren, 100+ legislators write White House, Treasury about crypto and terrorism
18.10.2023
The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now
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