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bitFlyer adopts crypto deposit limits to comply with Travel Rule
30.5.2023
While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask
Crypto Exchange bitFlyer Aligns Itself With FATF 'Travel Rule' With New Restrictions
30.5.2023
The company is only allowing crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST)
‘Weaponization Project of the Dollar’: Asian Countries Talk De-Dollarization; Jim Rogers Says USD’s Time ‘Coming to an End,’ and More — Week in Review
28.5.2023
The future fate of the U.S. dollar continues to dominate financial news, as investor Jim Rogers says the USD’s time is “coming to an end,” and nine Asian countries have been discussing de-dollarization measures in Iran. In other news, an expert has predicted that the price of gold...
US Lawmakers Urges the SEC To Include State-Regulated Custodians in New Rule
26.5.2023
Lawmakers urged a US regulator to not further limit certain financial stakeholders in its proposed rule tightening cryptocurrency custody requirements.
Republican Rep. Mike Flood of Nebraska and Democratic Rep. Ritchie Torres of New York sent a letter to the Securities and Exchange Commission...
Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June
25.5.2023
Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing...
Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report
24.5.2023
Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers
Japanese Gov’t Green-lights Travel Rule Adoption – Are Crypto Exchanges Struggling to Comply?
24.5.2023
The Japanese government has approved the adoption of the Travel Rule, with a new law set to come into force next month.
But domestic exchanges are experiencing difficulty with adoption, leading to crypto withdrawal difficulties.
Per Sankei News, the cabinet of ministers has signed off on...
Japan’s crypto anti-money laundering measures to start in June: Report
24.5.2023
The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.”
Gold Prices Poised to Skyrocket as Expert Predicts Fourfold Increase in Demand
22.5.2023
Although gold has been trading below the $2K range since May 16, 2023, Rick Rule, the founder of Rule Investment Media, is confident that the struggling U.S. economy will cause demand for precious metals like gold to skyrocket. In an interview published on May 18, Rule emphasized that...
Where the SEC’s Proposed Custody Rule Comes Up Short for Crypto
18.5.2023
Financial advisors looking for clarity on crypto and digital assets from the SEC’s proposed changes to Custody Rule 206(4)-2 won’t get everything they want
Where the SEC’s Proposed Custody Rule Comes Up Short for Crypto
18.5.2023
Financial advisors looking for clarity on crypto and digital assets from the SEC’s proposed changes to Custody Rule 206(4)-2 won’t get everything they want
G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says
18.5.2023
President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend
SEC to Judge: Deny Coinbase's Call for Cryptocurrency Rule Explanation
16.5.2023
The US Securities and Exchange Commission has asked a judge to reject Coinbase’s request to compel the commission to respond to a rule-making petition that asked for clearer crypto regulation guidelines.
In a court filing Monday, the SEC said it is not mandated to meet the requirements outlined...
G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets
15.5.2023
Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye towards quickly implementing the “travel rule” for crypto assets
SEC under fire for its custody rule: Law Decoded, May 8–15
15.5.2023
Last week was harsh for the United States Securities Exchange Commission, with industry figures and officials publicly criticizing the regulator
Coinbase Chief Legal Officer Pushes Back Against US SEC Crypto Custody Rule Proposal
9.5.2023
Coinbase’s chief legal officer called a newly proposed US rule tightening cryptocurrency custody requirements “misguided” and said some parts need to be changed.
The Securities and Exchange Commission rule was proposed in February and would require registered investment advisers to keep crypto...
'War on crypto' — Newly filed letters lambast proposed SEC custody rules
9.5.2023
Industry representatives have cast doubt on the legality and impact of the U.S. securities regulator's proposal to expand custody rules
U.S. Regulator Cuts Digital Assets Out of Hedge Fund Rule
4.5.2023
The Securities and Exchange Commission has decided to leave digital assets out of a new rule requiring more information from hedge fund and private equity advisers.
The agency voted to adopt new changes to private fund reporting, specifically to Form PF — a reporting form for registered...
What is the wash-sale rule, and does it apply to crypto?
2.5.2023
The wash-sale rule disallows the deduction of losses if identical securities or crypto assets are repurchased within 30 days
Mastercard Launches Crypto Credential Service for Cross-Border Transfers
28.4.2023
The set of verification standards uses technology from the CipherTrace, the well-known blockchain analytics platform Mastercard agreed to acquired in late 2021