Search
OK Group to help China combat money laundering with blockchain
13.7.2021
OK Group will start working with Chinese authorities to combat money laundering using distributed ledger technology
AML compliance mandatory for foreign crypto exchanges, says Korean regulator
13.7.2021
South Korea’s strict crypto regulatory oversight is now extending to overseas exchanges that offer cryptocurrency trading services denominated in the country’s currency
UN commission serves new warning against BTC adoption in El Salvador
9.7.2021
ECLAC executive secretary stressed that there is no study yet that would have investigated potential risks or benefits of El Salvador accepting BTC as legal tender
DoJ’s crypto czar joins FinCEN in brand-new role: Why it matters
9.7.2021
Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space
EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest
8.7.2021
The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money...
FinCEN Names Misuse of Cryptocurrencies a National Priority
4.7.2021
The Financial Crimes Enforcement Network (FinCEN) has named “cybercrime, including relevant cybersecurity and virtual currency considerations” a national priority. In particular, the Treasury is concerned about the “misuse of virtual assets that exploits and undermines their...
FinCEN lists cryptocurrencies as top AML and CFT priorities
1.7.2021
FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs
Binance tackles travel rule compliance after multiple bans
29.6.2021
Following bans in Japan, the U.K. and Ontario, Binance is ramping up its compliance efforts with a specialized tool developed by crypto intelligence firm CipherTrace
Crypto exchanges could sue Korean gov't for ‘passing the buck‘ to banks
28.6.2021
With many crypto exchanges in South Korea now on a precipice as a new regulatory framework kicks in, some are threatening to sue the government over its alleged shirking of key responsibilities
Blockchain Surveillance Firm Chainalysis Raises $100 Million, Company’s Valuation Now $4.2 Billion
26.6.2021
The blockchain intelligence and surveillance firm Chainalysis announced the company has raised $100 million in Series E funding from investors such as Coatue, Benchmark, Accel, Addition, Dragoneer, Sequoia Heritage, and SVB Capital. The financing brings the company’s valuation to $4.2 billion...
FATF’s Annual Crypto Review Highlights ‘Continued Use of Anonymity Tactics’ and ‘Lack of Effective’ Regulation
26.6.2021
The Financial Action Task Force (FATF) has published the organization’s 12-month review and the research highlights that only 45% of the 128 reporting jurisdictions have complied with AML/CFT policy and FATF recommendations. The annual review stresses that the “lack [of]...
Echoing Cuban, Novogratz says DeFi should ‘play by the rules’, or ‘pay the piper’ later
24.6.2021
Mike Novogratz suggests DeFi projects add KYC and AML features now instead of waiting on regulators to crack down on the entire sector
London Stock Exchange-listed firm inks FCA’s approval for crypto services
24.6.2021
Mode’s crypto arm Fibermode is now an official crypto asset firm in the United Kingdom, pursuant to FCA’s amended AML regulations
Regulator Extends South Korean Crypto Exchanges’ AML Window by 6 Months
15.6.2021
South Korean crypto exchanges have been given a short extension in their race to get anti-money laundering (AML) protocols in place – although the nation’s top regulator has promised to place the industry under “intense scrutiny” in the months ahead.
The nation’s first piece of crypto-specific...
South Africa Working Group Releases New Position Paper Calling for Regulation of Crypto Asset Providers
13.6.2021
South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged...
Is there a right way to regulate crypto? Yes, and this is how
12.6.2021
Cryptocurrency is a promising asset class for people and investors, but the lack of proper regulation slows down its innovation
Binance-owned Indian exchange WazirX investigated for alleged AML failings
11.6.2021
India's Enforcement Directorate will probe crypto exchange WazirX for alleged violations of AML laws and FEMA, in connection with crypto transactions worth $389 million
51 crypto firms withdraw licensing applications in the UK
4.6.2021
The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business
UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules
4.6.2021
Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their...
UK FCA buys another 9 months to review crypto companies’ registrations
3.6.2021
The Temporary Registrations Regime's end date for crypto companies has been pushed to March 2022