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Singapore aims to streamline financial watchdog's authority over crypto firms
5.4.2022
"We could be exposed to reputational risks brought by DT service providers created in Singapore, and which provide services relating to virtual assets," said Alvin Tan
Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits
3.4.2022
Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms registered as “innovative companies,” to receive millions of dollars in tax preferences....
FCA Extends Deadline for Crypto Firms to Meet Regulatory Requirements in UK — 33 Firms Licensed so Far
31.3.2022
The U.K. financial regulator, the Financial Conduct Authority (FCA), has extended its April 1 registration deadline for a number of crypto firms to meet its regulatory requirements. The British regulator has registered 33 crypto firms so far and 12 firms are holding temporary registration....
Crypto Firms Weigh Options as UK Registration Deadline Looms
31.3.2022
Crypto companies wanting to operate in the U.K. have until Thursday to receive Financial Conduct Authority (FCA) approval. So far, just 33 have passed the regulator’s checks
Lawmakers Want Unregulated Crypto Firms Out of the EU
30.3.2022
Proposed anti-money laundering rules are up for a parliamentary committee vote on Thursday along with a separate provision seeking to end anonymous crypto transactions in the European Union
UK financial watchdog extends registration deadline for some crypto firms
30.3.2022
As of March 25, there were 12 firms permitted to “carry out cryptoasset activities” under FCA temporary registration status, including CEX.IO, Revolut, and Copper
UK's FCA Extends Temporary Registration Deadline for Select Crypto Firms
30.3.2022
The U.K.'s Financial Conduct Authority has pushed back its March 31 deadline for select crypto firms to attain full registration
ECB Chief: Cryptocurrencies Are ‘Certainly’ Being Used to Circumvent Russian Sanctions
23.3.2022
The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagarde Is Certain About Crypto Being Used to Evade Russian Sanctions...
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...
Elliptic Identifies ‘Several Hundred Thousand Crypto Addresses’ Tied to Russia-Based Sanctioned Actors
17.3.2022
As the Russia-Ukraine conflict continues, blockchain surveillance companies have discussed and implemented ways to combat sanctioned countries from using digital assets. Last week, Chainalysis revealed screening tools for crypto firms that aim to comply with international sanctions. On Monday,...
Financial future or false promises? Crypto firms go big on ads in 2022
14.3.2022
Cryptocurrency companies have impressive advertising budgets this year, but industry experts have differing opinions when it comes to marketing crypto
Is the Ukraine war intensifying regulatory pressure on crypto firms?
11.3.2022
Every day, people are seeing “live” why sanctions matter. “Everyone is starting to rethink the importance of compliance and crypto.”
Crypto Firms May Look at Traditional Finance Firms as M&A Targets
10.3.2022
We asked several industry participants if Wall Street incumbents might start making deals for crypto companies, and some predicted the opposite
FCA reiterates power to 'suspend or cancel' crypto firms' registrations following Bifinity concerns
7.3.2022
Certain individuals and entities that are part of the Binance Group may now be considered “beneficial owners” of Digivault following the Bifinity and Eqonex partnership
UK financial watchdog is investigating 50 unauthorized crypto firms
3.3.2022
The FCA said it had opened more than 300 cases into unregistered crypto firms in the last six months, "many of which may be scams."
Crypto firms may still face SEC penalties for self-reporting securities laws violations: Report
28.2.2022
SEC enforcement director Gurbir Grewal reportedly said the agency wouldn't be ignoring the funds or securities laws violations for crypto companies that come to them
First Mover Asia: India Crypto Firms, Regulators Continue Their Regulatory Debate; Bitcoin Recovers From a Post-Invasion Freefall
25.2.2022
Indian crypto industry and government officials have continued to discuss possible changes to regulations announced earlier this month; bitcoin returns to its perch above $38,000
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
Germany-Led Group Wants a New EU Watchdog to Regulate Crypto Firms
23.2.2022
The European Union is planning to dote its planned anti-money laundering and terrorist financing watchdog with powers related to oversight over cryptoasset businesses, according to "people familiar with the matter." The designed authority is to be launched in 2024 and become fully operational...