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US Lawmakers Call for More Oversight of Cryptocurrency’s Environmental Impacts
24.4.2022
Twenty-three U.S. lawmakers have called on the U.S. Environmental Protection Agency (EPA) to increase oversight of cryptocurrency’s environmental impacts. “We request that the EPA evaluate ‘Proof-of-Work’ mining facilities’ compliance with environmental...
OCC issues order against Anchorage Digital over AML compliance
22.4.2022
The bank hinted that the OCC’s actions might help establish a regulatory precedent that could encourage other firms in the space to set up federally regulated digital asset banks
ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract
16.4.2022
According to the project’s official Twitter account, Tornado Cash, the ethereum mixing service that allows participants to shuffle ether, is blocking flagged ethereum addresses listed on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals And Blocked Persons...
Bitstamp asks users to update the source of their crypto, citing regulatory compliance
15.4.2022
Bitstamp now requires users to provide info like nationality, place of birth and tax residency, in addition to documents proving the origin of crypto and the annual income
Kevin O’Leary Predicts Trillions of Dollars Will Flood Into Crypto — Says Bitcoin Mining Will ‘Save the World’
10.4.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has predicted that trillions of dollars will flow into cryptocurrencies, particularly bitcoin. In addition, he said bitcoin mining will “save the world.” O’Leary Says ‘Spigots of Capital’ Will Flood Into...
Saxo Bank Ensures Platform Compliance in the Face of FSA Warning
31.3.2022
Saxo Bank, a broker, based in Denmark, put out a statement on Wednesday stating that its platform is completely compliant with European regulatory standards. It also has safeguards in place for transaction reportage. It provides a variety of online trading services to retail and institutional...
Korean crypto exchanges are now in compliance with the Travel Rule
25.3.2022
Complying with the rules puts South Korea ahead of the curve for regulating virtual assets, but may be harming the domestic industry with overbearing transfer restrictions between exchanges
UK Regulator Issues Crypto Ads Notice to 50 Firms — Says ‘This Is a Red Alert Priority’
23.3.2022
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s...
Binance Informs Canadian Regulator It’s ‘Committed’ to Ceasing Crypto Trading Services in Ontario
21.3.2022
Cryptocurrency exchange Binance has informed the Ontario Securities Commission (OSC) that it is committed to ceasing opening new accounts for Ontario residents and winding down certain services to comply with regulations. Binance Promises to Increase Efforts to Comply With Regulation Cryptocurrency...
US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, Unconstitutional
19.3.2022
U.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digital Asset Sanctions Compliance Enhancement Act of 2022.” The bill “would place sweeping restrictions on persons who build, operate, and use cryptocurrency networks even if they have no knowledge...
Senator Elizabeth Warren Announces Sanctions Compliance Bill for Crypto Companies
17.3.2022
The Digital Assets Sanctions Compliance Enhancement Act "would authorize the President to sanction foreign cryptocurrency firms that are doing business with sanctioned Russian entities," the Massachusetts lawmaker said
Japan Lays Outs Penalties on Crypto Exchanges for Non-Compliance With Russia Sanctions: Report
14.3.2022
Japan's government and financial regulator have laid out the penalties crypto exchanges could face if they fail to comply with sanctions on Russia
Coinbase Blacklists Over 25,000 Crypto Addresses Tied to Russian Individuals and Entities
7.3.2022
The cryptocurrency exchange Coinbase has addressed the company’s procedures toward complying with sanctions in a blog post published on Sunday. The crypto firm says that respecting sanctions plays a “vital role in promoting national security” and the acts can help deter...
Coinbase proposes crypto tech to promote global sanctions compliance
7.3.2022
Grewal points out that laundering of fiat currency through traditional financial institutions remains the most sought-after method for evading sanctions
Payments Giant FIS Worldpay Joins Shyft’s Crypto Compliance Network
2.3.2022
It’s the second large, non-crypto firm to join Shyft, following law firm DLA Piper last month
Crypto Tax Compliance Remains Minefield as IRS Leaves Key Questions Unresolved
23.2.2022
A lack of guidance on everything from staking rewards to NFTs means there’s a certain amount of guesswork involved in tax filings
VAF Compliance Is a Forensic Service Provider That Can Help You Pass KYC/AML for Crypto Banking
23.2.2022
At VAF Compliance a team of experts is ready to help with all of your virtual assets compliance needs. Connect with VAF today; the leading virtual assets compliance company serving the Middle East and customers worldwide. What Is VAF Compliance? The crypto, NFT and metaverse spaces are hot...
New York Judge Orders Terraform Labs to Comply With SEC’s Investigative Subpoenas
21.2.2022
A recent court filing stemming from the Southern District of New York shows that a U.S. district judge has ordered the crypto startup Terraform Labs to comply with the Securities and Exchange Commission’s (SEC) subpoenas. During the second week of November 2021, the U.S. regulator filed...
Shark Tank’s Kevin O’Leary Expects Bitcoin to ‘Appreciate Dramatically’ in 2-3 Years
20.2.2022
Kevin O’Leary, aka Mr. Wonderful, has shared what he thinks the price of bitcoin will be in the coming years. He said when institutions get the go-ahead from their compliance departments to invest in bitcoin, the price of the cryptocurrency “is going to appreciate...
Compliance and User Protection Remain Binance’s Top Commitment
17.2.2022
The Covid-19 pandemic hit every possible industry in the world. Many companies had to shut their doors as people lost their jobs in large numbers. Future looks concerning with new variants coming up nearly every quarter. Markets are recovering, and people are now trying to get their jobs back....