Search Results for "aml"
Estonia Revokes 500 Crypto Business Licenses in a Move Against Illegal Money Laundering Activities
Estonian authorities have recently revoked licenses from 500 crypto firms, and consequently tightened market regulations within the crypto sector.
Europe's Watchdog MONEYVAL Sees Crypto as a Threat to AML
European regulator MONEYVAL has published a report that considered cryptocurrencies a major threat to regulators' efforts to fight money laundering activities.
FATF Releases Action Plan to Improve Implementation of Global Standards on Crypto
Over 200 governments agreed to tighten the "application of FATF Standards on virtual assets and virtual asset service providers".
US CFTC Charges BitMEX For Operating Illegal Crypto Derivatives Exchange
The United States CFTC has charged operators of BitMEX for operating an unregistered trading platform and violating anti-money laundering procedures.
Bitcoin Price Drop, An Aftermath of Janet Yellen Calling the Cryptocurrency "Extremely Inefficient"
The crypto market with Bitcoin in the lead is down following comments from Treasury Secretary, Janet Yellen that BTC is mainly used in crime and is inefficient.
Qtum Teams Up with Blockpass To Deliver On-Chain KYC
Qtum, the advanced blockchain platform and growing decentralized finance (DeFi) ecosystem, has just announced its partnership with the leading on-chain KYC provider Blockpass.
Mastercard CEO Answers: The Reasons Behind Leaving Facebook’s Libra Association
Mastercard’s CEO, Ajay Banga, stated the reasons behind the company leaving Facebook’s Libra Association in an interview with the Financial Times. Having left the Libra Association in October last year alongside Visa and other firms, the Libra Association has seen eight firms quitting the project.
Israel Proposes New AML Rules for Crypto Service Providers
Digital currency service providers in Israel are now expected to adhere to the provisions of new Anti-Money Laundering (AML) rules enacted by the Israeli Money Laundering and Terror Financing Prohibition Authority (IMPA).
Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision
Bittrex will be removing privacy coins Monero, Dash, and Zcash from its trading platform soon.
New Jersey State Considering New Bill to Set New Requirements for Cryptocurrency Businesses
The New Jersey state legislature received a new bill, the Digital Asset and Blockchain Technology Act by Assemblywoman Yvonne Lopez. This new bill would require cryptocurrency and virtual currency to obtain a license to operate, allowing for more consumer-friendly protections.
FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets
The Financial Crimes Enforcement Network (FinCEN) has proposed regulatory measures for businesses operating with cryptocurrencies, such as exchanges.
South Korea’s Financial Services Commission to Ban Privacy Coins from Exchanges
South Korea’s Financial Services Commission (FSC) will ban privacy-centric digital assets or “dark coins” from exchanges as they present a high money laundering risk.