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US 'Largely Compliant' with FATF Recommendations, but Issues Remain
2.4.2020
The United States is "largely compliant" with recommendations around digital assets, but issues remain, says multi-government regulator whose recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CTF) standard.
The Financial Action Task...
FATF Report: US Is Not Focusing Enough on Crypto Financial Risk
2.4.2020
FATF is grading the U.S. with the equivalent of a “B” for its cryptocurrency regulation
FATF Says US ‘Largely Compliant’ With Virtual Currency Recommendations
2.4.2020
A new Financial Action Task Force report says the U.S. is largely in compliance with its recommendations around digital assets, but still has some "minor deficiencies" in its state and federal framework
Canada’s New AML Rules Have Room for Improvement but a Good Start, Eh?
29.3.2020
Canada’s financial regulators tighten the reins on the crypto industry. Will those changes benefit the local market in the long run?
Canada’s Financial Crimes Watchdog Gets Ready for FATF Compliance
18.3.2020
Canada’s financial crimes watchdog is preparing to implement its broad new virtual currency oversight powers ahead of the Financial Action Task Force’s June 2020 deadline
The FATF Recommendations on Privacy Coins: Why Private People, Businesses and Governments Should Care
12.3.2020
Over the past few months, private crypto assets, commonly known as privacy coins, have been under pressure due toContinue Reading
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Bithumb Partners With Chainalysis Amid Tightening Korean Regulations
11.3.2020
Korean exchange Bithumb has partnered with Chainalysis to monitor transactions and ensure compliance with new South Korean regulations
Bithumb Taps Chainalysis for FATF-Grade Crypto Investigation Tool
10.3.2020
The Bithumb exchange is tapping investigative tools offered by Chainalysis just a week after South Korea voted for tough new laws around the space
Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India
10.3.2020
The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more...
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
South Korean Lawmakers Greenlight Strict Crypto AML Bill
5.3.2020
South Korean lawmakers voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s sprawling crypto economy – and potentially triggering a market consolidation
Ukraine's Officials Will Need to Report Crypto as ‘Intangible Assets'
4.3.2020
Ukrainian officials must report crypto holdings as part of national anti-corruption measures
Binance Joins Blockchain Network for Cross-Industry KYC Data Sharing
27.2.2020
Binance has partnered with the Shyft Network as the exchange prepares with new compliance standards from the FATF
Binance Throws Weight Behind Shyft Network in ‘Travel Rule’ Standards Race
27.2.2020
Binance, the world’s largest crypto exchange group, has chosen the Shyft Network to help address a looming regulatory requirement
Hong Kong and Abu Dhabi Change Crypto Regulations to Align With FATF
27.2.2020
Hong Kong’s AML/CTF laws will apply to crypto exchanges and remitters, and dealers of precious metals and stones
Hong Kong to Consider Additional FATF-Style Regulations for Crypto Exchanges
27.2.2020
Hong Kong may soon bolster its policing of the cryptocurrency sector to better conform with international anti-money-laundering norms
Iranian General Advocates Crypto Use for Skirting Sanctions: Report
27.2.2020
Iranian general Saeed Mohammed is calling for the use of crypto to help Iran evade sanctions designed to isolate it from the global financial system, according to Coinit.ir
CoolBitX Raises $16.7M to Make Crypto More Bank-Friendly
25.2.2020
In 2020, the startup’s focus is on new products and features that comply with new rules from the Financial Action Task Force
G20 Urges Countries to Adopt Tough FATF Rules on Cryptocurrencies
24.2.2020
FATF's guidance compels crypto exchanges to share user data with one another
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...