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Law Decoded: Sketching the boundaries of regulatory mandates, Oct. 25 – Nov. 1

1.11.2021
U.S. financial regulators are close to working out the limits of their authority over at least one class of digital assets

Crypto exchange Bitfinex testing new AML compliance tool

28.10.2021
Launched in production in 2020, Notabene’s Travel Rule solution now processes transactions between 50 crypto exchanges

Tether Trials Solution to Comply With FATF Travel Rule

27.10.2021
Tether, the operator of one of the leading stablecoins in the crypto market has announced it will commence trials of a system that will allow the company to comply with the Financial Action Task Force (FATF) travel rule. The system, that is provided by Notabene, a company that offers ID and travel...

Bank of Spain issues registration guidelines for crypto services

26.10.2021
All individuals and institutions in the country, including banks, will have to sign up using the new AML registry from the Bank of Spain

Bank of Spain Opens Mandatory Registry for VASPs

26.10.2021
The Bank Of Spain has finally opened the mandatory registry for Virtual Asset Service Providers (VASPs) in the country. The bank also dispelled doubts that financial institutions had regarding whether they had to apply for the registry given they already comply with AML legislation....

Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations

16.10.2021
Authorities in Estonia are working on new legislation expected to stiffen the rules for the country’s cryptocurrency sector. The Baltic nation’s regulator for the industry is considering whether to revoke previously issued crypto licenses and restart authorization from scratch....

Bitcoin price is back at $50K, but exactly how 'bullish' are the bulls?

5.10.2021
BTC's futures markets premium and options risk gauge show that there are not any signs of excessive leverage or FOMO from traders — yet

BitOasis crypto exchange to help Dubai Police spread fraud awareness

4.10.2021
BitOasis has partnered with the Dubai Police Force to establish safety regulations around crypto investments in the region, according to the exchange's CEO

Brazil aims to tighten penalties for crypto-related financial crimes

4.10.2021
The penalties are part of a new piece of legislation that also regulates crypto trading and payments

Crypto Exchange Bitbay Passes Audit Under Estonia’s Tougher New Regulations

1.10.2021
Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines...

How Binance Helps Legal Authorities Take Down Cybercriminals Laundering Illicit Funds

30.9.2021
According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading...

DeFi: Who, what and how to regulate in a borderless, code-governed world?

25.9.2021
The decentralized, disintermediated and borderless blockchain networks challenge regulators, but DeFi is the future of finance

10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline

24.9.2021
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for...

Bank of Russia wants to block ‘emotional’ and suspicious crypto activity

15.9.2021
The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity

Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers

14.9.2021
The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank...

Bithumb crypto exchange reportedly bans foreigners without mobile KYC

3.9.2021
Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges

Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet

30.8.2021
The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics...