2024-4-24 16:01 |
The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk. origin »
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USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.
2024-2-19 12:06 | |
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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.
2023-11-24 19:10 | |
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Ripple Chief Legal Officer Stuart Alderoty believes the recent resolution of anti-money laundering violations by Binance via a settlement with the U. S. Department of Justice (DOJ) is a significant step towards aligning the crypto industry with essential legal and safety standards.
2023-11-23 21:30 | |
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KeyRock has secured anti-money laundering compliance clearance from the Swiss Financial Services Standards Association (VQF). The startup is expanding its OTC services via new on ramp/off ramp fiat currencies, including GBP and AUD.
2023-9-26 14:58 | |
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The Brussels-based crypto firm joins the likes of BitGo in being approved by standards body VQF.
2023-9-26 14:00 | |
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A new study shows high levels of concern in the crypto sector about meeting compliance standards, with 69 percent of crypto firms expressing worries about potential violations of anti-money laundering (AML) regulations.
2023-6-29 18:08 | |
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The Financial Action Task Force (FATF) has issued a renewed call urging countries to adopt and implement the "Travel Rule" as a vital measure to combat money laundering and terrorism financing facilitated through cryptocurrencies.
2023-6-27 19:38 | |
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Regarding the framework for money laundering and terrorism financing, the FATF made comments about Luxembourg as an international financial center. The Plenary concluded that Luxembourg had successfully met the technical conditions set forth by the FATF.
2023-6-26 12:30 | |
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In a bid to align its legal framework with global standards, Japan's Cabinet has decided to implement stricter anti-money laundering measures, specifically targeting cryptocurrency asset transactions.
2023-5-23 12:14 | |
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2023-2-1 00:43 | |
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Meeting international Anti-Money Laundering standards is the latest in a series of measures Japan has taken in recent months to improve its cryptocurrency regulation.
2022-9-28 20:45 | |
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The electronic payment provider is permanently closing operations due to the inability to satisfactorily meet the standards of the FCA after suspending operations for three years.
2022-9-14 13:16 | |
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MONEYVAL, Europe’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) watchdog, has prioritized monitoring the crypto industry, as well as “gatekeeper” professionals like attorneys and accountants, in European countries’ efforts to prevent money laundering.
2022-5-5 02:14 | |
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Cryptocurrency exchange Kraken’s wholly-owned subsidiary Crypto Facilities has obtained an MLR license from the UK Finance regulator, the Financial Conduct Authority (FCA). This means the company is now compliant with money laundering regulations in the country and that it is following the same standards as required by FCA from the banks.
2021-11-16 18:18 | |
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Takamaka has obtained the “Financial Services Standards Association (VQF)” license, which certifies that the company complies with anti-money laundering regulations and that the TKR, Takamaka’s stable coin (1:1 with the USD), is officially in compliance with the Swiss regulations and is to all intents and purposes digital money! As Takamaka has been recognized as compliantRead More
2021-7-30 10:00 | |
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The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business.
2021-6-5 13:19 | |
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The FCA said it was extending the deadline because many businesses were not meeting the required anti-money laundering standards. The post UK Regulator Extends Registration Deadline as Companies Fail AML Test appeared first on BeInCrypto.
2021-6-4 16:52 | |
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Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year.
2021-5-28 16:11 | |
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On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets.
2021-3-24 17:30 | |
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New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards.
2021-1-26 13:29 | |
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Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards.
2020-8-3 10:00 | |
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From ATMs to cargo containers, standards make global commerce work. The same goes for crypto, which needs standards to comply with anti-money laundering rules.
2020-2-26 06:39 | |
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With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year.
2019-12-19 01:45 | |
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Lawmakers in Ukraine have adopted new legislation that legalizes crypto payments as the country moves forward with strict compliance to international anti-money laundering (AML) standards. Private Individuals Can Provide Crypto Payment Services According to Forklog, members of the Verkhovna Rada — Ukraine’s legislative arm, have adopted a new bill that incorporates international AML best practices into the country’s crypto regulatory framework.
2019-12-9 13:09 | |
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In June 2019, the Financial Action Task Force (FATF), an inter-governmental agency created to address and reduce international money laundering, terrorist financing, and other financial threats, released new guidelines for international banks.
2019-8-12 17:19 | |
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Tokyo based crypto exchange company that was started by SoftBank last year, VC Trade, has collaborated with blockchain security company CoolBitx for KYC. CoolBitX made the announcement alongside the launch of Sygna, its know-your-customer (KYC) and anti-money laundering (AML) compliance-focused cryptocurrency transaction and security solution.
2019-8-9 20:33 | |
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The representative of Libra David Marcus tried to convince the US Senate that the cryptocurrency does not threaten bankers. Did he succeed? We will see soon. Marcus first of all drew the attention of senators that Libra will strictly follow AML standards (anti-money laundering) and will generally be registered with the FinCEN (Financial Crimes Enforcement […]
2019-7-18 13:03 | |
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The Financial Action Task Force (FATF), an international organization focused on preventing money laundering and financial terrorism, finalized its recommendations on regulating cryptocurrencies. The new standards will require crypto exchanges to identify their users and share that data.
2019-6-25 09:45 | |
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Cryptocurrency is an industry that thrives on the way that customers can protect their identities, even if the transactions are on full display. However, the Financial Action Task Force recently released new standards on Friday that come with a highly controversial caveat.
2019-6-22 00:27 | |
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The G20 has reaffirmed it will apply standards to counter money laundering and terrorism funding, soon to be finalized by the Financial Action Task Force.
2019-6-10 12:25 | |
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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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Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.
2019-4-24 22:55 | |
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It has been recently revealed that the G20 countries will be coming together to discuss regulations regarding the presence of cryptocurrencies. As per news outlet, News. Bitcoin. com, the discussion stems from the fact that cryptocurrencies need further following and are required to meet the standards of the AML (anti-money laundering) and CTF (counter-terrorism financing) policies (https://news.
2019-4-19 20:20 | |
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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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CryptoNinjas Blockchain security company CipherTrace and Binance, the largest cryptocurrency exchange by trading volume and users, today announced their partnership to enhance the exchange’s robust anti-money laundering (AML) compliance program.
2019-4-12 19:55 | |
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The Financial Action Task Force (FATF) — an intergovernmental organization founded to develop policies against money laundering and terrorism financing — is even more squarely setting its sights on regulating, supervising, and monitoring providers of services for digital assets.
2019-3-25 07:00 | |
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Crime isn’t supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering.
2019-3-20 16:49 | |
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Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations of crypto assets and Initial Coin offerings (ICOs) across the continent.
2019-1-16 01:54 | |
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Global leaders walked away from the latest G20 Summit with a rough game plan for crypto regulation. This year’s G20 Summit took place in Buenos Aires, Argentina, from November 30 to December 1.
2018-12-4 23:44 | |
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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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On November 30 and December 1, the 2018 G20 Buenos Aires summit, the thirteenth meeting of Group of Twenty (G20), was held in Buenos Aires, Argentina. According to the section 25 of G20 leaders’ declaration, G20 countries will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with Financial Action Task […]
2018-12-3 19:35 | |
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G20 countries have agreed to regulate cryptocurrencies in line with Financial Action Task Force (FATF) standards at the second session of the summit held in Buenos Aires, Argentina. ‘We will regulate crypto-assets for anti-money laundering’ On Saturday, a joint declaration was officially signed by all G20 nations, reports The Saudi Gazette.
2018-12-2 17:00 | |
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A well-placed Russian official has called for global cryptocurrency standards to prevent money laundering and provide legitimacy to the industry while enforcing broad recommendations to control the sector, reported local news outlet Izvestia on October 29, 2018.
2018-10-31 22:00 | |
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Russia Tells Financial Action Task Force To Control Crypto Circulation The Financial Action Task Force is a Paris-based intergovernmental organization that was created in 1989 with the goal of helping in the development of standards that will help in the fight of money laundering around the world. Now, a regulator from the Russian government has […]
2018-10-30 03:57 | |
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The Financial Action Task Force announced plans to set forth rules regulating cryptocurrency in line with its global AML/CFT standards. This move is geared towards eradicating the use of digital currencies for money laundering and financing terrorism.
2018-10-19 23:04 | |
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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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South Korean exchanges logged $60 billion in crypto outflows in H2 2025 as deposits rose while profits, volumes, and market values declined.
South Korea’s National Tax Service is seeking to select a private custody provider to handle seized crypto assets after a security lapse resulted in private keys being exposed and assets being transferred by unauthorized entities. The National Tax Service has…
Some South Korean lawmakers are pushing back against the ruling party’s plan to levy a 22% tax on cryptocurrencies. A bill introduced by the right-wing People Power Party on Thursday seeks to amend the Income Tax Act and fully abolish…
Crypto.com has partnered with KG Inicis to introduce crypto payment options for foreign tourists visiting South Korea. The two companies plan to roll out Crypto.com Pay across KG Inicis’ merchant network, according to a March 17 press release. The integration…
South Korea’s National Police Agency has introduced new guidelines for handling seized cryptocurrencies after multiple security lapses. The KNPA has drafted a directive outlining compliance requirements across multiple stages of crypto seizure, storage, and management, local media outlet Asiae reported…
Crypto exchange Bithumb will have to pay a fine of 36.8 billion won, about $24.5 million, after it was found to be in violation of South Korea’s Anti-Money Laundering rules. According to a local media report, South Korea’s Financial Intelligence…
Bitcoin Magazine South Korea Fines Bithumb $24M, Imposes 6-Month Partial Suspension Over AML Violations South Korea has fined Bithumb $24. 6M, suspending new-user services for six months over AML violations.