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THORSwap, Used by FTX Exploiter, Resumes Trading After Updating Terms to Exclude U.S.-Sanctioned Countries
13.10.2023
THORSwap, the exchange that paused its platform last Friday following a series of trades related to the FTX hack, resumed its services on Friday with updated terms and conditions relating to users in sanctioned countries
Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers
12.10.2023
Crypto firms that operate in Cyprus without registration may soon be fined as much as $350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently submitted to parliament, seek to align...
Cyprus to tighten crypto regulations in accordance with FATF
10.10.2023
The Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law
Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages
10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...
‘Stringent AML and KYC Processes’ Can Help Build Consumer Confidence in the Web3 Economy — Przemek Kowalczyk
6.10.2023
Integrating crypto into the global financial system has so far proved to be problematic to due what Przemek Kowalczyk, the chief product officer (CPO) of the fintech startup Ramp, described as “digital incompatibility.” Kowalczyk, a data scientist, told Bitcoin.com News that...
Coinbase Becomes Registered Crypto Exchange in Spain
24.9.2023
Coinbase has secured an Anti-Money Laundering (AML) compliance registration from the Bank of Spain, making it a registered crypto exchange in the country.
In a Friday blog post, the largest cryptocurrency in the US revealed its expansion across Europe, saying that Spanish users can now confidently...
Coinbase secures AML registration from Bank of Spain
24.9.2023
The Anti-Money Laundering registration will allow cryptocurrency exchange Coinbase to offer its services to both retail and institutional investors within Spain
Ramping up Blockchain Education Can Help Make South Korea the World’s Crypto Leader, Says Hashed CPO Edward Hong
31.8.2023
According to Edward Hong, the chief platform officer (CPO) at the early-stage venture firm Hashed, South Korea’s decision to delay putting in place a comprehensive crypto regulatory framework seems to be more of a strategic move rather than hesitation. Hong insisted that the perceived delay...
Can KYC and Permissionless Money Co-exist? Not According to This Crypto Influencer
24.8.2023
In light of the recent arrest of the founders of Tornado Cash, a decentralized private payments protocol built on top of the Ethereum network that severs the link between sending and receiving wallets, some are questioning whether Know Your Customer (KYC) laws and permissionless money can co-exist....
UK crypto businesses to comply with FATF Travel Rule beginning in September
17.8.2023
The U.K. passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto
Binance applies for Taiwan AML compliance: Report
11.8.2023
The world's leading crypto exchange by trading volume has reportedly applied to register in Taiwan under the new AML compliance
Binance applies for Taiwan AML compliance: Report
11.8.2023
The world’s leading crypto exchange by trading volume has reportedly applied to register in Taiwan under the new AML compliance
Lithuanian Financial Intelligence Arm Lists Several Crypto Firms as New AML Violators
4.8.2023
The Financial Intelligence Unit (FNTT) of Lithuania has released a new list of anti-money laundering (AML) violators, featuring several crypto service providers in the country.
Lithuania is fast becoming a significant player in the European digital asset market, with its progressive approach...
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
1.8.2023
The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law
U.S. Senate Passes $886B Military Spending Bill With Crypto AML Provision
28.7.2023
The amendment takes aim at crypto mixers and “anonymity-enhancing” crypto assets
Crypto debanking could drive industry underground: Australia Treasury
29.6.2023
The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams
IMF envisions ‘new class’ of cross-border payment platform with single ledger
19.6.2023
The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs
Georgian central bank to launch AML probe into crypto firms
1.6.2023
The National Bank of Georgia will launch mandatory supervision of virtual asset service providers starting from Sept. 1, 2023
EU’s Banking Regulator Highlights AML Risks in Privacy Coins, Self-Hosted Wallets
31.5.2023
The European Banking Authority wants to extend money laundering guidance to crypto firms and banks that trade with them
AML rules for digital assets to come into effect in UAE
31.5.2023
The licensed financial institutions would be required to identify and verify the identities of all customers