2021-1-7 20:20 |
The crypto industry says a proposed rule to collect personal data from private wallet transactions is being rushed, might be challenged in court and could be difficult to implement. origin »
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A federal court in Texas has struck down a Securities and Exchange Commission rule that expanded the definition of a broker to include decentralized finance platforms and other crypto entities. The SEC’s broker-dealer rule, finalized in February 2024, aimed to…
2024-11-21 22:37 | |
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Crypto firms in the U.K. have just days to comply with new money laundering guidelines – but they are seeking more guidance given patchy implementation of the rule between jurisdictions.
2023-8-24 13:41 | |
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The company is only allowing crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST).
2023-5-30 15:22 | |
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US Treasury Secretary resuscitates KYC for Crypto transfer rule. The rule requires all crypto transactions with ‘non-hosted wallets to be reported promptly. FinCEN first proposed the KYC rule in 2020.
2022-2-1 20:20 | |
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The website accepting comments on the proposed FinCEN rule shows crypto users have until Jan. 7, not Jan. 4 as the regulator claimed.
2021-1-7 00:54 | |
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Blockchain analysis firm Elliptic said the proposal could “adversely impact” existing anti-money laundering (AML) regulations.
2021-1-1 12:00 | |
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Coinbase is the latest company to go public with its concerns regarding the U.S. Treasury proposal on crypto wallets.
2021-1-1 01:20 | |
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Less than a year ago, India’s Supreme Court decided to overrule the central bank’s decision to forbid all other banks in the country to serve crypto businesses. With this rule revoked, the country’s crypto industry began to flourish, which led the government to the idea of introducing crypto taxes.
2020-12-29 14:56 | |
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FinCEN’s proposed rule regulating “unhosted” wallet transfers has a number of potential issues, including unintended consequences for decentralized finance.
2020-12-24 23:40 | |
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The US Treasury Financial Crimes Enforcement Network (FinCEN) released a proposal that aims to close loopholes regarding the movement of digital assets. In the announcement on the release, FinCEN also requested input from the public.
2020-12-21 22:57 | |
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Yesterday, the United States Treasury’s FinCEN branch confirmed that it is working on cracking down on crimes enabled by Bitcoin and other cryptocurrencies. The post Top Silicon Valley VC defends crypto amid proposal of controversial Treasury rule appeared first on CryptoSlate.
2020-12-20 15:53 | |
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The Financial Crimes Enforcement Network (FinCEN) issued its new proposed rule extending anti-money laundering (AML) regulation to non-custodial wallets on Friday. Under the latest proposed rules, banks and money service businesses that involve exchanges and custodians would be required to keep records and verify the identity of customers transacting greater than $3,000.
2020-12-20 16:23 | |
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On Dec 18, 2020, The Financial Crimes Enforcement Network (FinCEN), took a step closer to implementing its long-dreaded crypto wallet regulation. What Is the Proposal? Under the proposed rule, crypto exchanges would be obliged to make crypto users comply with know your customer (KYC) requirements when transferring their digital assets to personal wallets. FinCEN nowRead More
2020-12-20 16:00 | |
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Many have called the long-rumored rules an existential threat to peer-to-peer transactions.
2020-12-20 01:45 | |
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Most of the trading bots on the market are mainly designed for experienced traders. Coinrule’s goal is to empower everyone to “compete with professional algorithmic traders and hedge funds.
2020-12-9 18:29 | |
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While Bitcoin continues to rule the cryptocurrency market, the second-largest crypto Ethereum also sees a lot of traction. According to Michael Sonnenshein, managing director at Grayscale Investments, which caters to institutional and accredited investors only, up until 2020, most investors' first stop was Bitcoin.
2020-12-6 17:23 | |
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South Korea is set to enforce its upcoming crypto tax law in January 2022 instead of the earlier proposition of October 2021. This will give crypto stakeholders operating within its jurisdiction one more year to sort out in-house tax reporting infrastructure.
2020-12-3 22:19 | |
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South Korean lawmakers have allegedly proposed to delay the upcoming income tax rule on crypto-assets by three months from its scheduled commencement date in October 2021. According to the Dong-a Ilbo, a South Korean media which first reported this news, the law might come into effect later in January 2022.
2020-11-26 20:59 | |
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Continue reading at Coinspeaker
2020-11-25 17:02 | |
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“This proposal, if adopted, would prove to be an invasion of privacy."
2020-11-23 22:01 | |
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The OCC is proposing a rule change that compels large U. S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank Act’s mandate.
2020-11-24 09:30 | |
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The Office of the Comptroller of the Currency (OCC), the US's national bank regulator, has proposed a rule that would forbid banks from providing their services to legal industries, including cryptocurrency companies.
2020-11-22 20:00 | |
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David Lewis, executive secretary and G20 deputy at the Financial Action Task Force, says crypto firms still have a long way to go before they're compliant.
2020-11-17 13:23 | |
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The United States' Financial Crimes Enforcement Network released a proposed rule change this October that lowered the threshold for Travel Rule information sharing and retention from $3,000 to $250 foThe post What does FinCEN's amended Travel Rule threshold mean for crypto? appeared first on AMBCrypto.
2020-11-16 12:30 | |
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The U. S. Securities and Exchange Commission (SEC) has amended some exemption rules, making it easier for crypto companies to raise funds. The rule changes raise fundraising limits for Regulation Crowdfunding, Regulation A, and Regulation D’s Rule 504 offerings.
2020-11-4 23:30 | |
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A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply with the FATF Travel Rule.
2020-10-24 02:15 | |
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Coinspeaker Travel Rule Protocol (TRP) Working Group Backed by ING and Fidelity Unveils Crypto AML ToolsThe Travel Rule Protocol working group’s solution uses two simple RESTful APIs designed for querying address ownership and sending required originator and beneficiary information about digital asset transfers.
2020-10-8 14:30 | |
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The Travel Rule Protocol working group has published the first version of its TRP API.
2020-10-8 11:00 | |
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The new bitcoin transaction automatically complies with the FATF Travel Rule and will save intermediaries from doing it all manually.
2020-8-21 12:28 | |
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Compliance with FATF’s travel rule presents major technical difficulties, but the blockchain industry is best-equipped to overcome them.
2020-8-9 16:00 | |
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Regulations have helped the crypto-market establish a greater degree of credibility over the past 18 months. With an increase in interest for crypto from traditional and institutional investors, the iThe post Monero, Zcash's Travel Rule compliance depends on one fine distinction appeared first on AMBCrypto.
2020-8-6 18:00 | |
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Leading crypto exchanges will release whitepapers in August that will detail a collaborative approach towards complying with the FATF Travel Rule. It has now been one year since this rule came into action with a recent review to assess progress on compliance.
2020-7-24 22:22 | |
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Crypto companies building solutions to the FATF "Travel Rule" may be creating a new interoperability problem. Netki is offering a fix.
2020-7-23 11:00 | |
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South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […]
2020-7-22 18:59 | |
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Top cryptocurrency exchanges including Coinbase will release a white paper detailing a way to comply with the Financial Action Task Force's "Travel Rule."
2020-7-21 11:38 | |
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BitGo, a San Francisco domiciled crypto custodian, is extending its API's for clients to append their data in line with the FATF ‘Travel Rule.' This set of regulations came into action back in 2019 under recommendation 16, requiring all Virtual Asset Service Providers (VASP) to comply with the guidelines. Most notably is the aspect of […]
2020-7-15 22:54 | |
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Major digital asset firm BitGo announces API support for the Financial Action Task Force’s travel rule.
2020-7-15 15:00 | |
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In a report released earlier on Tuesday, ING launched the TRP joining forces with Standard Chartered, Fidelity Digital Assets, and several crypto-native firms, including BitGo, Crypto Broker AG, Metaco, 21 Analytics and OSL/BC Group.
2020-6-25 00:05 | |
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Ja Rule has inked a deal with Roll, an Ethereum-based protocol that allows content creators to control their own platforms using personal crypto tokens.
2020-6-23 22:31 | |
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Industry leaders reflect on PayPal's reported plan to offer direct access to crypto for its 325M users, while banks and crypto startups look for solutions to FATF's Travel Rule.
2020-6-23 19:30 | |
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ING Bank, Standard Chartered and others have developed a protocol to handle a new rule for crypto exchanges and firms dealing in digital assets.
2020-6-23 14:59 | |
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The Financial Action Taskforce (FATF) members have an impending 24th June meeting. They will be scrutinizing how well the ‘travel rule’ has been discharged to the various Virtual Asset Service Providers (VASP).
2020-6-9 18:20 | |
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Clean bitcoin, dirty bitcoin. Could FATF regulations lead to a bifurcation of the crypto space, one where certain digital assets trade at lower prices?
2020-5-23 22:36 | |
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The announcement of FATF's travel Rule in 2019 came as shocking news to the entire crypto community. As crypto-exchanges were required to submit the originator name, account number, physical address, The post Can heightened cryptocurrency regulations be a major threat to smaller exchanges? appeared first on AMBCrypto.
2020-5-9 23:30 | |
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Crypto firms have made a step towards FATF compliance following the release of a messaging data standard for the Virtual Asset Service Providers (VASPs). The initiative has been dubbed ‘IVMS101’ and was pioneered by the Joint Working Group on InterVASP messaging standards (JWG).
2020-5-9 22:30 | |
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The standard defines a uniform model for data that must be exchanged by crypto firms alongside transactions.
2020-5-7 11:00 | |
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Coinspeaker EPAM Joins OpenVASP to Take Part in Implementation of FATF ‘Travel Rule’ for CryptoEPAM has joined the OpenVASP association in order to help in the implementation of the FATF travel rules for cryptocurrencies and other digital assets.
2020-4-19 17:55 | |
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Worldcoin is currently collecting data of individuals with its Orb device in 25 locations of the Latin American country.
AI has the potential to improve productivity and enhance bank returns, the report said.
Bitcoin Ticker Widget and a clone of Steemit were found to contain data trackers.