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Bank of International Settlements Chief Says Cryptocurrencies Being Used to Evade Laws- Advocates for More Regulation
26.3.2021
Agustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used...
New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs
24.3.2021
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets....
South Korea faces strict crypto regulation and fears of centralization
24.3.2021
The growing cost of compliance in South Korea could push smaller crypto businesses out of the country
Russia & China vs. USD, Fed's Chair on Bitcoin, FATF Aims at DeFi + More News
22.3.2021
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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During his visit to China, Russian Foreign Minister Sergei Lavrov called for Moscow and Beijing to reduce their dependence on the...
Updated FATF Crypto Guidelines Still ‘Predicated on Centralized Control’
21.3.2021
The Financial Action Task Force (FATF)’s recently updated guidance for supervisors overseeing the crypto industry was always bound to create waves in the sector and beyond. Regulators are continuing to gun for crypto compliance – despite claims that they may be trying to force a square peg into...
FATF updates guidance on crypto service providers, calls for public comments
26.2.2021
The Financial Action Task Force is looking to adapt its guidance standards for stablecoins and crypto peer-to-peer transactions
Crypto Industry Wins More Time For FATF Travel Rule
26.2.2021
There may yet be some wriggle room for the crypto exchanges and other virtual asset service providers (VASPs) struggling to get their platforms ready for Travel Rule compliance – with the Financial Action Task Force (FATF) admitting that it may be prepared to budge on amending the guidance, which...
‘Evil VASP’ Simulation Preps Crypto Exchanges for FATF Travel Rule
18.2.2021
Backed by CipherTrace, TRISA looks to get virtual asset service providers (VASPs) ready for new anti-money laundering rules
BitMEX Introduces Data Storage Framework for FATF’s Travel Rule
9.2.2021
Compliance chief Malcolm Wright led the development of BitMEX’s data storage principles for crypto exchanges
Philippine Central Bank Widens Cryptocurrency Regulation — Sees ‘Accelerated Growth’ in Crypto Activity
27.1.2021
The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has expanded the country’s cryptocurrency regulation after seeing “accelerated growth” in the use of crypto exchanges. The new regulatory framework is in line with the guidelines recommended by...
The Global Challenge of Regulating Virtual Assets
24.12.2020
Moving through the high-level confusion of an emergent field of digital assets during a pandemic presented unique challanges
Users vs. governments: The 'infinity war' for blockchain privacy may be over
23.12.2020
The privacy paradox has a potential resolution — if both sides can accept compromise in an increasingly polarized financial system
France moves to ban anonymous crypto accounts to prevent money laundering
10.12.2020
France is preparing new frameworks to prevent anonymity in crypto
Industry Pros Weigh In on Rumors of New Crypto Wallet Regulations
27.11.2020
From shorter consultations to insider comments, recent rumors about U.S. regulation of private crypto wallets have some compelling context
Russia’s Gazprombank debuts Bitcoin trading in Switzerland
23.11.2020
The Switzerland-based branch of a major Russian bank has also joined OpenVASP
Blockchain Bites: FATF Considers DeFi, Binance Sues and One Step to a BTC ETF
19.11.2020
PLUS: Deutsche Bank analysts reportedly said customers increasingly prefer bitcoin over gold
FATF Needs Entirely New Approach to Regulating Crypto, Says V20 Summit
18.11.2020
Industry players at the Virtual Asset Service Providers Summit urged regulators to rethink their approach in light of DeFi and DEXs
'Wake up and smell the coffee' — regulation is coming to DeFi, says expert
18.11.2020
Siân Jones, a senior partner at XReg Consulting, said the FATF's narrow approach to regulating crypto must be tackled by the community as a whole
Why FinCEN Wants Details on All Cross-Border Transactions Over $250
16.11.2020
At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned
FATF Signals More Pressure on Crypto Industry As It Moves 'Too Slow'
16.11.2020
International regulators have hinted that they may seek to block global stablecoins if their operators attempt to launch tokens in jurisdictions beyond their remit. Also, they suggested that they could be prepared to redouble their regulatory efforts as Virtual Asset Service Providers (VASPs)...