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European Banking Authority proposes overhaul of AML, CFT rules for crypto providers

In a consultation paper released on Nov. 24, the European Banking Authority (EBA), an EU agency tasked with implementing a standard set of rules to regulate banking across all EU countries, highlights that existing regulations governing Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards compliance for crypto providers are inadequate.  дальше »

2023-11-24 19:10


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Singapore’s retail crypto investors face tighter rules in updated regulatory proposals

Singapore has laid final proposals for regulating Digital Payment Token (DPT) service providers in a move that tightens the nose on retail investors. Under the proposals, retail customers dealing with regulated DPT providers in Singapore will be barred from purchasing digital assets using local credit cards. дальше »

2023-11-25 17:39


Singapore Implements New Rules: Crypto Trading Restrictions Now In Effect

According to a Bloomberg report, Singapore has proposed additional regulations to reinforce its stance against retail speculation in crypto assets. The new measures include prohibiting individual investors from borrowing to trade and disallowing digital payment token service providers from offering incentives for retail trading, as well as financing, margin, or leverage transactions.  The Monetary Authority […] дальше »

2023-11-24 03:00


Turkey Sets Sights On Crypto Control: New Era Of Licensing And Taxation Unfolds

In a move to regulate the crypto market in its region, Turkey is gearing up to implement new rules centered on “licensing” and “taxation.” This development comes as the country sheds its status on the Financial Action Task Force’s (FATF) “grey list,” which flags potential risks in money laundering and financial crimes. The upcoming regulations […] дальше »

2023-11-16 00:00


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IRS Obtains Court Order for Kraken User Data Amid Concerns Over Tax Reporting Rules

Kraken, a leading cryptocurrency exchange, has begun informing its user base via email that it would be obliged to share certain customer information with the Internal Revenue Service (IRS).  The disclosure was made through an official statement on Thursday, October 26, following the IRS’s issuance of a summons in May 2021, in which they requested […] дальше »

2023-11-9 21:49