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Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report

7.12.2022
Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed...

Japanese Government Set to Adopt FATF Crypto AML Guidelines into National Law

5.12.2022
The Japanese government is preparing to enshrine the Financial Action Task Force (FATF)’s crypto anti-money laundering (AML) guidelines into the legal code – after the country’s parliament voted in favor of the measure. NHK reported that MPs voted for the Revised Act on Prevention of Transfer...

Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report

26.11.2022
Latam is still unprepared to deal with cryptocurrency-related crimes and scam situations, according to a recent report issued by Global Financial Integrity (GFI), a Washington DC-based think tank. The document states that crypto regulation has failed to grow with the adoption of these...

Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report

8.11.2022
Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers

Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements

4.11.2022
The Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain reporting and identification requirements that apply to crypto transactions. Financial Authorities...

Crypto adoption via regulation: Setting rules for centralized exchanges

1.11.2022
While some security issues do exist, major internet outages like the one witnessed across the EU recently cannot really threaten cryptocurrencies or their associated networks

S. Korean watchdog goes after crypto whales to ensure AML compliance

24.10.2022
The South Korean regulator noted that popular stablecoins used by the public might become a primary tool for laundering using digital assets

Binance Obtains Registration as Crypto Service Provider in Cyprus

22.10.2022
Cryptocurrency exchange Binance will be able to offer services for digital assets in Cyprus as the platform is now registered with the country’s securities regulator. The news comes after the company obtained similar approvals in several other European jurisdictions. Global Exchange Binance...

Institutional crypto adoption requires robust analytics for money laundering

20.10.2022
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions

FCA's Crypto AML Compliance Chief Steps Down

18.10.2022
Mark Steward, who led the enforcement of anti-money laundering measures for crypto in the U.K., is stepping down after seven years with the Financial Conduct Authority

Japan Greenlights Tougher AML Rules for Crypto

17.10.2022
A cabinet decision to revise six foreign exchange laws closely follows a government plan to introduce new rules for remittances, all aimed at tightening anti-money laundering measures for crypto

EU commissioner McGuiness says privacy, AML may look different from US under MiCA

13.10.2022
The commissioner said Europe is watching U.S. securities regulation developments very closely, but Europe is not following the American lead in its attitude toward energy use

US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator

12.10.2022
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure...

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

11.10.2022
Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensuring customer privacy

Japan preparing amendment to enforce FATF travel rules on crypto by May 2023: Report

27.9.2022
Meeting international Anti-Money Laundering standards is the latest in a series of measures Japan has taken in recent months to improve its cryptocurrency regulation

Israeli crypto exchange receives capital markets license in country first

23.9.2022
Earlier this week, the Israeli crypto exchange became the first crypto firm in the country to receive a license enabling it to work with local banks

Crypto Exchange Kraken Backs Enterprise-Grade Liquid Staking Protocol

21.9.2022
On Tuesday, the liquid staking firm Alluvial revealed a consortium of organizations will collaborate on the “first enterprise-grade multi-chain liquid staking protocol.” Alluvial’s announcement detailed the protocol will be known as the “Liquid Collective” and...