Crypto Exchanges Facing Greater Compliance Costs as AMLD5 Comes into Effect

2020-1-14 02:00

With the European Union (EU) member states adopting the Fifth Anti-Money Laundering Directive (AMLD5), crypto exchanges in the region could see their compliance costs rise significantly. Meanwhile, financial regulators in the U.

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Источник: btcmanager.com

crypto amld5 → Результатов: 9

ANALYSIS: The Global Game of Coins Heats Up

A new paper from the PBoC says the “top-level” design of its digital currency is complete while AMLD5 in Europe is causing crypto companies to flee.

2020-1-11 23:00	The Breakdown
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What Does EU’s Fifth Anti-Money Laundering Directive (AMLD5) Mean For Crypto Exchanges?

European cryptocurrency firms are expecting a stricter regime of regulations as the 28 EU states are preparing to adopt the 5th Anti-Money Laundering Directive (AMLD5). The AMLD5 will burden small firms and force them to either merge or fold.

2020-1-11 20:57	Legal & Regulation
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European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect

A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Here’s what AMLD5 will mean for the industry.

2020-1-10 12:00
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Smoking Gun: Dutch central bank caught overreaching in local crypto businesses

The upcoming fifth Anti-Money Laundering Directive (AMLD5) within the European Union (EU) has already spelled the end for smaller crypto firms on the continent. In the latest, however, a secret memo between the Dutch Central Bank and the Minister of Finance indicates that crypto companies in Holland may face additional rules that go beyond what […] The post Smoking Gun: Dutch central bank caught overreaching in local crypto businesses appeared first on CryptoSlate.

2019-12-19 12:00	Regulation
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Mining Pool Simplecoin and Interactive Faucet Chopcoin Shut Down Due to EU Regulations

Like crypto payments provider Bottle Pay, mining pool Simplecoin and interactive bitcoin faucet Chopcoin are shutting down in light of restrictions imposed by EU anti-money laundering legislation, AMLD5.

2019-12-17 12:12
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CryptoBridge Introduces Compulsory KYC Verification

CryptoBridge, a gateway to the BitShares digital assets exchange, has announced that with immediate effect, all existing customers and new crypto traders on the platform must submit their verification documents to use the platform.

2019-10-3 13:20	Regulation
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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

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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Crypto Hacks Are on Track to Eclipse $1 Billion in Lost Funds This Year

Crypto security and intelligence firm CipherTrace has published its Q1 2019 Cryptocurrency Anti-Money Laundering Report, revealing that exchange platforms all over the world have lost nearly $400 million as a result of hacks and thefts.

2019-5-3 17:40	Privacy & security
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Bitcoin mixer operator sentenced to 3 years for laundering over $300m

Larry Harmon, an Ohio resident, has been sentenced to three years in prison for laundering more than $300 million worth of Bitcoin through his darknet service, Helix, according to Bloomberg. The platform operated a tool designed to obscure the origins…

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2020-1-14 02:00

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