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Privacy coins are surging. Will regulatory pressure stall their stellar run?
27.3.2022
Many privacy coin developers are convinced that all the necessary mechanisms to regulate AECs are already in place
Argentinian Regulator to Propose Anti-Money Laundering Measures for Crypto Firms
18.3.2022
The Argentinian anti-money laundering regulator is reportedly working to force cryptocurrency firms to report their movements and take AML measures on Argentinian soil. The regulation for this purpose might be ready for approval this year, according to local media. This could be the consequence...
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...
Ally or suspect? The war in Ukraine as a stress test for the crypto industry
12.3.2022
Crypto execs signal their readiness to comply with sanctions, but decentralization itself puts crypto in a vulnerable position
Bank of Israel issues draft guidelines on cryptocurrency AML/CFT
11.3.2022
Private banks could be required to conduct risk assessments on case-by-case basis
Consolidation and centralization: How Europe’s new AML regulation will affect crypto
11.3.2022
With plans for a new watchdog, experts say the EU could take a more hardline position on digital assets
Coinbase proposes crypto tech to promote global sanctions compliance
7.3.2022
Grewal points out that laundering of fiat currency through traditional financial institutions remains the most sought-after method for evading sanctions
What the launch of the FBI crypto task force means for the digital asset space
28.2.2022
Consolidation of law enforcement activity sends a clear message to the industry: It is time to comply
Crypto Exchange Bitmex’s Founders Plead Guilty to Bank Secrecy Act Violations
26.2.2022
The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implement AML and KYC programs, Bitmex was in effect a money-laundering platform,” said...
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils
24.2.2022
A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto...
EU members reportedly plan for AML watchdog to oversee crypto firms by 2024
23.2.2022
"It is key that the scope of the new EU authority explicitly includes crypto-assets," said Luis Garicano, a member of the European Parliament
Uphold becomes registered crypto-asset firm in UK post-FCA approval
23.2.2022
A total of 200 crypto firms have applied for the U.K.’s “crypto license,” but tough requirements have forced many to withdraw their applications
VAF Compliance Is a Forensic Service Provider That Can Help You Pass KYC/AML for Crypto Banking
23.2.2022
At VAF Compliance a team of experts is ready to help with all of your virtual assets compliance needs. Connect with VAF today; the leading virtual assets compliance company serving the Middle East and customers worldwide. What Is VAF Compliance? The crypto, NFT and metaverse spaces are hot...
What is the importance of blockchain in the RegTech ecosystem?
20.2.2022
RegTech enhances compliance for financial services institutions. This guide explains how blockchain works in banking to achieve this goal
US-based crypto firms join forces for travel rule compliance
16.2.2022
“We are focused on adding new members, so that TRUST can provide comprehensive compliance across the crypto industry,” said the joint announcement
Making sense of the Bitfinex Bitcoin billions
16.2.2022
What happened with the Bitfinex hack? What does it mean now that the U.S. has the Bitcoin? Why is LEO token mooning and why is Netflix involved?
Laundering via digital pictures? A new twist in the regulatory discussion around NFTs
12.2.2022
From money laundering concerns to the categorization dilemma, these topics will define the emerging regulatory discussion around NFTs
Crypto Users and Exchanges Must Now Report Transactions in Colombia
6.2.2022
The Colombian government has issued new regulations that force exchanges and individuals to report cryptocurrency transactions to the UIAF, the anti-money laundering watchdog in Colombia. The transactions must be reported via an online reporting system, and exchanges will be required to issue...
Chainalysis report finds most NFT wash traders unprofitable
6.2.2022
Findings from Chainalysis shows the NFT space to be prone to wash trading, but most traders are not profiting
US Treasury targets NFTs for potential high-value art money laundering
6.2.2022
The Department of the Treasury suggested that the increasing use of art as an investment or financial asset could make the high-value art trades vulnerable to money laundering