2023-11-21 20:29 |
Changpeng Zhao reportedly plans to plead guilty to violating U.S. Anti-Money Laundering requirements and step down as the CEO of the Binance crypto exchange.
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In a shocking turn of events, Binance CEO Changpeng Zhao has agreed to step down from the crypto exchange and has plead guilty to “violating US anti-money laundering requirements. ” The news is currently being priced into the crypto market, leading to extreme volatility in Bitcoin and altcoins, plus a lot of chatter on social media.
2023-11-21 21:24 | |
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Turkey is preparing a new law on crypto regulation, according to Finance Minister Mehmet Simsek. The legislation looks to toughen approach to money laundering and terrorism financing to bring Turkey into compliance with Financial Action Task Force (FATF) requirements.
2023-11-1 19:14 | |
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Stablecoins, such as USDC, could face a complex situation if a new national defense bill approved by the US Senate becomes law. The 2024 National Defense Authorization Act could introduce new KYC and anti-money laundering requirements that stablecoin issuers won’t…
2023-8-1 16:57 | |
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US lawmakers have decided to make another attempt to create an effective regulatory framework for the digital asset segment. Against this background, a new bill was ratified, which provides for strict requirements for combating money laundering (AML) in the segment of decentralized finance (DeFi).
2023-7-20 21:19 | |
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The United Arab Emirates introduced new reporting requirements for real estate transactions involving digital assets in a statement on August 8. The post UAE introduces new reporting requirements to counter crypto real estate money laundering appeared first on CryptoSlate.
2022-8-8 18:53 | |
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Binance crypto exchange is taking further steps in its attempts to take the edge off the increased regulatory scrutiny by hiring a former Inland Revenue Service (IRS) investigator and cybercrime guru to lead its anti-money laundering requirements.
2021-8-19 00:18 | |
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Robinhood's crypto trading division Robinhood Crypto is set to pay a $30 million settlement to the New York State Department of Financial Services (NYDFS). This comes after investigations discovered that the firm had violated regulatory requirements relating to anti-money laundering and cybersecurity.
2021-7-23 18:38 | |
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At the V20 Summit in November 2020, the Financial Action Task Force (FATF) announced that regulatory requirements for peer-to-peer (P2P) exchanges – along the lines of those...
2021-2-3 14:32 | |
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Hedera Hashgraph, the enterprise-grade distributed ledger, and TRM, the cryptocurrency compliance and risk management platform, today announced that TRM has successfully integrated with the Hedera public ledger, and customers can leverage the integration to comply with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulatory requirements HBAR, Hedera’s native cryptocurrency, is now supported across all TRM […] CryptoNinjas » AML/CFT compliance solutions now available for HBAR and any assets issued on Hedera
2020-12-24 20:31 | |
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2020 has apparently been the year of privacy wallets, as more exchanges onboard KYC requirements.
2020-12-10 20:27 | |
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Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it said.
2020-10-22 08:15 | |
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FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.”
2020-9-17 08:21 | |
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Binance’s lax KYC requirements are creating more legal problems for the exchange.
2020-9-15 14:14 | |
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Canadian authorities are stepping up anti-money laundering requirements for crypto companies.
2020-3-25 00:46 | |
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The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions.
2020-1-11 14:45 | |
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Poloniex, one of the biggest crypto exchange has just removed anti-money laundering and know your customer AML/KYC requirements. Anyone who wants to trade hundreds of cryptos and tokens on Poloniex.
2019-12-22 17:09 | |
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Top crypto exchange platform Binance has teamed up with crypto analytic firm Coinfirm to enhance its anti-money laundering (AML) adherence. The new partnership will see Binance integrate Coinfirm’s agnostic AML platform to improve the crypto exchange’s compliance with the new AML requirements recently provided by the Financial Action Task Force (FATF), the global financial supervision […]
2019-10-4 00:14 | |
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Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money laundering requirements.
2019-9-28 03:30 | |
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Big Brother is watching you, but his eyes are really on your wallet. The UK’s chief financial watchdog could require crypto developers to keep track of their software’s users, in order to meet new anti-money laundering requirements that are expected to come into force next year.
2019-9-14 18:44 | |
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The highly anticipated Facebook’s crypto, Libra, must meet stringent US regulatory requirements before it can be launched, says an official from the US treasury. According to Treasury’s Under Secretary in charge of terrorism as well as financial intelligence, Sigal Mandelker, the Libra stablecoin must achieve the highest standards for fighting money laundering as well as […]
2019-9-10 21:02 | |
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The exchange announced it was shutting its operations in a website post dated August 9 that was titled ‘Prixbitend’. The startup said it has failed to overcome its financial difficulties and suspended its cryptocurrency trading services.
2019-8-21 21:09 | |
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Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months.
2019-8-14 22:25 | |
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In an email sent to its users, the UK arm of crypto exchange Coinbase announced that it will drop support of Zcash on August 26, with customers expected to convert their Zcash holdings before that date.
2019-8-12 19:09 | |
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While most of the state's guidelines are adaptations of existing requirements, Rhode Island’s money transmitter license for crypto firms will ask that agencies follow strict compliance metrics, anti-money laundering and anti-fraud protocols, and security requirements.
2019-8-9 23:27 | |
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The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs).
2019-6-1 19:04 | |
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Cryptocurrency businesses in Finland will now have to register with the country’s financial watchdog. As a result of the ACT OF VIRTUAL CURRENCY PROVIDERS, which comes into force on May 1, businesses will have to adhere with statutory requirements, including holding and protecting client money, segregating client money and own funds, and ensuring compliance with anti-money laundering regulation.
2019-4-29 17:31 | |
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North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.
2019-4-25 17:04 | |
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Bittrex, a United States–based cryptocurrency exchange platform, has issued a response to the recent setback in its plans to expand to New York. Yesterday, the New York State Department of Financial Services (NYDFS) rejected the exchange's BitLicense application, a requirement for offering crypto-based services to New Yorkers.
2019-4-12 19:57 | |
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The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF).
2019-4-2 01:33 | |
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The Finland-based, peer-to-peer cryptocurrency trading platform LocalBitcoins released a statement on March 25, 2019, responding to a new act approved by the Finnish Parliament that will require users to verify their identities.
2019-3-28 18:00 | |
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As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.
2019-3-20 18:42 | |
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The Financial Action Task Force has updated its guidelines on digital assets, providing requirements to combat money laundering and terrorism financing
2019-3-2 23:03 | |
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P2P Bitcoin trading platform Localbitcoins has has said it will launch fresh user identification requirements as part of its push to remain compliant with EU law. EU Compliance Looms For Localbitcoins In a statement published February 8, Localbitcoins said it would make “major changes” to its user experience following new anti-money laundering (AML) and know-your-customer (KYC) policies being enacted in its home jurisdiction of Finland.
2019-2-11 11:00 | |
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Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules.
2019-2-11 23:32 | |
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The American financial industry regulatory authority, FINRA, has fined wall Street bank Morgan Stanley for violating anti-money laundering (AML) rules over a period of five years, reported Finance Magnates on December 26, 2018.
2018-12-29 15:00 | |
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The upcoming settlement product will be subject to several NYDFS requirements including implementation of anti-money laundering measures.
2018-12-5 21:43 | |
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For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.
2018-12-3 19:20 | |
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Taiwan Legislature Places New Requirements For Cryptocurrency Exchanges A new Taiwan law has been passed to amend existing anti-money laundering (AML) and counter-terrorism financing (CFT) laws to require crypto exchanges to give some information to the government and change their compliance rules.
2018-11-3 00:12 | |
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Taiwan’s legislature has amended the country’s anti-money laundering and terrorism financing prevention laws to include regulatory requirements for cryptocurrency transactions. Taiwan’s Anti Money Laundering Regulations for Cryptocurrency According to Focus Taiwan, the amendments grant the country’s top financial regulator (FSC) the power to clamp down on anonymous cryptocurrency transactions.
2018-11-3 22:57 | |
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On Wednesday, Oct. 19, Japan’s Financial Services Agency granted the cryptocurrency industry the authority to self-regulate. The approval means that the Japan Virtual Currency Exchange Association, a coalition of several registered digital currency exchanges, can now set rules for operational requirements, consumer protection, prevention of money laundering and employee ethics.
2018-10-25 06:55 | |
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Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.
2018-10-13 23:34 | |
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ONAM is a scalable, High-performance, regulatory compliant, trading platform that features robust risk-management, trade surveillance, advanced trading tools and state-of-the-art enterprise grade security system powered by machine learning.
2018-10-5 13:08 | |
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On September 23, 2018, the Bitcoin Foundation sent a letter to the French Parliament asking that they reject a new crypto asset amendment being proposed in the PACTE Bill, which deals with the growth and transformation of France’s businesses and the country’s employee savings.
2018-10-4 22:10 | |
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On 16th August 2018, Bibox, a leading AI-enhanced digital asset trading platform, announced its acquisition of Chain Capital that owns Swiss VQF license. VQF itself is the largest cross-industry Self-Regulatory Organization (SRO) with the longest history that meets the standards established by the Financial Services Standards Association (FINMA).
2018-8-16 12:30 | |
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The slow trickle of traditional investment into the crypto market may turn into a flood if a new platform launched by blockchain services provider AxiomLevel Technologies makes its desired impact.
2018-8-6 18:55 | |
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The investigation, executed by the KBA, is aimed at creating transparency standards as well as eliminate money laundering and insider trading. The post South Korean Regulatory Review: All Exchanges Meet Requirements appeared first on CryptoSlate.
2018-7-12 21:00 | |
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Elements of the Payment Stablecoin Act have the potential to be beneficial for American consumers — but critics claim other parts are “unconstitutional.” Republican Cynthia Lummis and Democrat Kirsten Gillibrand have become something of a bipartisan, pro-crypto double act in…
Two U.S. lawmakers have proposed a bill that clarifies the taxation framework for cryptocurrency staking rewards. Bipartisan lawmakers Reps. Wiley Nickel, D-N.C., and Drew Ferguson, R-Ga, introduced the Providing Tax Clarity for Digital Assets Act on May 1 to clarify…
On April 30, Judge Richard Jones sentenced Zhao to four months in prison, going against the U.S. Department of Justice (DOJ)’s recommendation for a three-year jail sentence. London-based financial services lawyer Rabya Anwar told crypto.news that the stories of Zhao…
Willy Woo, an on-chain analyst, took to X on April 29, raising concerns about the fate of retail Bitcoin investors if the world, especially the United States, plunges into a recession. Woo, referencing historical events, argues that while large Bitcoin holders, or “whales,” are likely to weather the storm since they control private keys of their coins, […]
U.S. senators Elizabeth Warren and Bill Cassidy have urged the Department of Justice (DOJ) and Department of Homeland Security (DHS) to double down on their efforts to combat crypto use in the market for child sex abuse material (CSAM). In…
Uniswap‘s token UNI has dropped 17% following a lawsuit notice from US regulators sinking to $9.27, its lowest since late February. The latest decline coincided with the exchange receiving an official investigation Wells notice from the SEC. The market cap…
Senator Kirsten Gillibrand revealed ongoing discussions about forthcoming stablecoin regulation
