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Nalezeno "AML": 666

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

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

8.3.2023
The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed...

Coinbase CEO hints its new layer-2 network could include AML measures

7.3.2023
Brian Armstrong said centralized firms have a responsibility to monitor transactions and carry out AML checks

UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value

1.3.2023
A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS strategists insist that “it would be less...

FATF agrees on roadmap for implementation of crypto standards

24.2.2023
Part of the FATF's ‘Travel Rule’ includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions

ShapeShift responds to Sen. Warren’s comments to ‘set the record straight’

19.2.2023
Switzerland-based crypto platform claimed Warren made “mistakes” in comments at a recent senate hearing, and encouraged her to “constructively engage” with its community

Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

15.2.2023
While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws

Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation

1.2.2023
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like...

South Korea to deploy cryptocurrency tracking system in 2023

29.1.2023
The ‘Virtual Currency Tracking System’ will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

4.1.2023
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s...

BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand

31.12.2022
BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing processes, and also a rewards program for customers...