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Are NFTs an animal to be regulated? A European approach to decentralization, Part 1
6.2.2022
The question facing nonfungible token regulation: Should NFTs be considered as digital assets?
How should DeFi be regulated? A European approach to decentralization
22.1.2022
The question for DeFi regulation: Is there an "owner" of the platform who can be held accountable for complying with the regulations?
Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament
22.1.2022
The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to have laws regulating cryptocurrencies. Preventing the Proliferation of Risks Associated With Cryptos A Botswana...
NFTs and compliance: Why we need to be having this conversation
21.1.2022
With the huge growth in the NFT industry, the time is right to take a look at NFTs from a compliance and regulatory perspective
South Korean Crypto Exchanges Face AML Probes as Regulators Test Compliance
18.1.2022
South Korean regulators are set to probe the nation’s four biggest crypto exchanges to test their anti-money laundering (AML) capabilities.
The exchanges – Korbit, Upbit, Coinone, and Bithumb – are the only trading platforms that operate fiat KRW markets and received their operating permits...
New AML Legislation Won't Forbid Individuals to Hold Crypto, Says Estonia’s Ministry of Finance
4.1.2022
The Estonian Ministry of Finance has denied the crypto/blockchain industry insiders concerns related to the new legislation draft - stating that regulations will not be applied to retail investors but to businesses, and that there will be no ban on people owning crypto....
Read More: New...
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection
2.1.2022
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that...
Estonia’s new AML laws set to clamp down on crypto industry
31.12.2021
The new guidelines reportedly expand the definition of Virtual Asset Service Providers to include DApps, ICOs and related services
South Korean crypto exchanges to follow Coinone in verifying private wallets
30.12.2021
South Korean exchanges will require users to verify their third-party wallet addresses to help the country comply with FATF travel rule guidelines
Coinone will stop withdrawals to unverified external wallets
29.12.2021
The exchange plans to verify users’ names and resident registration details to ensure crypto transactions were “not used for illegal activities such as money laundering.”
Binance Fined $750K in Turkey for AML Violations
27.12.2021
Binance was recently fined in Turkey for violating the region’s anti-money laundering laws. The exchange has to pay 8 million Lira, equalling around 750,000 dollars for the violation. MASAK, the Financial Crimes Investigation Board of Turkey, audited the case. The fine equals the highest possible...
Binance Turkey fined 8M lira for non-compliance against money laundering
26.12.2021
MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law
Cyprus’ finance ministry recommends ‘capacity building’ for crypto
14.12.2021
Cyprus’s finance ministry stressed the need to accelerate its capacity building for the crypto industry
FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged
11.12.2021
The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance
Chainalysis to Offer Lightning Network Monitoring Service to VASPs in 2022
11.12.2021
On December 10, the blockchain intelligence firm Chainalysis revealed that the company has added support for Bitcoin’s second-layer protocol the Lightning Network (LN). According to Chainalysis, firms like exchanges and virtual asset service providers (VASPs) can leverage...
China’s central bank proposes to monitor metaverse and NFTs
1.12.2021
The metaverse and NFTs are in the crosshairs of the People’s Bank of China, which wants to track the with Anti-Money Laundering tools
Binance Must Intensify AML Compliance For Paris Expansion - French Regulator
25.11.2021
French financial sector regulator Autorité des Marchés Financiers (AMF) has announced that crypto exchange Binance needs to intensify its efforts to ensure anti-money laundering compliance if it wants the agency’s backing for its plans to launch a regional registered office in the country's...
Israel's AML Authority and Europol Zoom In On Crypto
16.11.2021
Israel’s Money Laundering and Terror Financing Prohibition Authority (IMPA) has announced that new, tightened regulations will now apply to cryptoassets, fintechs, and various other financial products. The measures are designed to introduce more regulatory clarity and coherent standards, according...
Israel reportedly adopts new AML rules for crypto
16.11.2021
The Israeli government is now reportedly in the process of reviewing several crypto firms to issue operating licenses
Civic launches free tool to combat NFT-hungry bots on Solana
9.11.2021
Civic’s Ignite Pass aims to combat bots targeting NFT drops on the Solana network by verifying video-based selfies using artificial intelligence