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EU Proposes Law to ‘Ensure Full Traceability’ of Crypto Transfers, Ban Anonymous Wallets
21.7.2021
The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing.” Moreover, “anonymous crypto asset wallets will...
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...
British Bank Natwest Imposes Daily Limit on Transfers to Cryptocurrency Exchanges Over Fraud Concerns
30.6.2021
A major British bank, Natwest, has put a limit on fund transfers to cryptocurrency exchanges over concerns of fraud and scams related to cryptocurrencies. The bank is also blocking payments to a number of cryptocurrency asset firms. Natwest says the two moves are necessary to protect customers....
Paypal to Allow Cryptocurrency Withdrawals to Third-Party Wallets
27.5.2021
Payments giant Paypal will soon allow its users to transfer cryptocurrencies away from its platform to third-party wallets, the company’s head of cryptocurrency reportedly revealed. Paypal has been seeing tremendous growth in its crypto business. Paypal to Support Crypto Transfers...
USD 10K+ Crypto Transfers & IRS, Central Banks on Crypto Volatility + More News
20.5.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Tax news
The US Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for transfers of...
Putin Asks Russian Attorney General Office to Combat Illegal Cross-Border Crypto Transfers
19.3.2021
The Russian President held a meeting with the attorney general’s office where cryptocurrencies came to the discussion table. Vladimir Putin raised red flags toward taking measures to prevent illegal activities on cross-border transfers with cryptos. Putin Calls Other Offices to Join the Fight...
Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report
10.9.2020
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent...
Small value crypto transfers in Africa have increased by 55%
10.9.2020
Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year
Russian Financial Crime Agency Plans AI Tool to Link Crypto Transfers to Users
12.8.2020
Russia's anti-money laundering agency Rosfinmonitoring has already built a prototype blockchain analytics tool, according to a report
In Banking First, ING Develops FATF-Friendly Protocol for Tracking Crypto Transfers
23.6.2020
ING Bank, Standard Chartered and others have developed a protocol to handle a new rule for crypto exchanges and firms dealing in digital assets
This Major Turkish Bank Is The Latest Binance Partner for Fiat-to-Crypto Transfers
2.3.2020
Binance CEO CZ: “We abide by the local laws and regulations and are committed to providing secure services to our users”