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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
bitFlyer adopts crypto deposit limits to comply with Travel Rule
30.5.2023
While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
28.5.2023
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions
French lawmakers agree to loosen rules in proposed crypto influencer bill
26.5.2023
Previously, the bill restricted influencer marketing to only licensed crypto firms, of which there are currently none in France
Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June
25.5.2023
Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing...
Japan’s crypto anti-money laundering measures to start in June: Report
24.5.2023
The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.”
Federal Reserve's FedNow will integrate with Metal Blockchain
11.5.2023
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols
Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules
11.5.2023
The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset...
Estonia squeezes out 400 crypto firms after new laws
9.5.2023
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans
New White House standards strategy could have implications for crypto industry KYC
4.5.2023
The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID
Today in Crypto: Visa’s ‘Ambitious Crypto Product Roadmap’, Bitget’s On-ramp Service for Visa & Mastercard Crypto Purchases, Fractal & XRPL Partner on KYC/AML, Aptos Labs Teams Up with Ledger
25.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Visa’s ‘Ambitious Crypto Product Roadmap’, Bitget’s On-ramp Service for Visa & Mastercard Crypto...
Innovate some compliance mechanisms, US Treasury official tells DeFi community
21.4.2023
Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and DeFi should program in some compliance
Ethereum researcher says staking reveals IP address sparking privacy concerns
14.4.2023
A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user's IP address information
US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
6.4.2023
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.”...
EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Says
28.3.2023
The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets
Top 7 legal and compliance jobs in the crypto market
27.3.2023
Explore essential skills for top legal and compliance jobs in the crypto market
Russian AML Regulator Says It’s Monitoring 25,000 Crypto Users – Here’s How
10.3.2023
The top Russian anti-money laundering regulator says that it is “monitoring” over 25,000 crypto users – and claims it has sophisticated tools that let it detect illegal activities.
Per Finam, Yury Chikhanchin, the head of the Federal Financial Monitoring Service (Rosfinmonitoring) recently held...
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’
9.3.2023
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously warned about Silvergate. However, some critics are dismissing Warren’s...
Banks with crypto services require new Anti-Money Laundering capabilities
9.3.2023
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions
India subjects crypto transactions to anti-money laundering law
8.3.2023
The operators face an obligation to store the transactions’ data for ten years and pass it to regulators on demand