2022-3-13 16:56 |
Crypto execs signal their readiness to comply with sanctions, but decentralization itself puts crypto in a vulnerable position.
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Since regulatory bodies around the globe are attempting to supervise the use of cryptocurrencies, officials are rigid in designing suitable policies for the nascent technology. And the ever-changing government rules have become a critical problem for crypto enthusiasts to comply with.
2022-9-16 00:22 | |
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MetaMask and Infura raised Crypto Twitter’s ire after accidentally blocking some users from its service to comply with new U.S. sanctions.
2022-3-4 06:12 | |
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Consolidation of law enforcement activity sends a clear message to the industry: It is time to comply.
2022-3-1 17:10 | |
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Kazakhstan continues with its fight against illegal cryptocurrency mining firms. 13 crypto mining firms in the country have been shut down for failing to comply with the local regulations. The Ministry of Energy in Kazakhstan is behind the shutdown of these illegal mining operations.
2022-2-25 12:43 | |
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The protesting Canadian truckers have been forced to turn to Bitcoin (BTC/USD), and other cryptocurrencies as funding platforms such as GoFundMe sized their donations due to increased pressure from the Canadian government.
2022-2-19 17:33 | |
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The penalty comes after months of heightened regulatory attention to crypto lending platforms.
2022-2-15 21:00 | |
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As a part of the deal to comply with Japanese laws, FTX's Japanese users will be moved Quoine's trading platform.
2022-2-3 11:22 | |
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On December 29th, South Korean-based crypto exchange Coinone announced plans to ban all unverified 3rd party wallet addresses. According to several reports, this is to comply with government and FATF guidelines.
2022-1-1 22:00 | |
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Binance’s UK entity will stop offering its retail investors crypto derivatives to comply with local regulations, the exchange told its users. “As the crypto ecosystem evolves globally, we are continually evaluating our products to ensure they meet local regulatory requirements,” reads the note Binance UK sent to the users.
2021-12-16 23:56 | |
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Many in the crypto community believe that there are major conflicts of interest where government employees and crypto assets are concerned. This became a burning hot issue during the SEC vs Ripple LabThe post Empower Oversight files action for SEC to comply with its FOIA request for documents appeared first on AMBCrypto.
2021-12-11 18:00 | |
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Kraken, one of the leading crypto exchange platforms, has announced that it will be delisting the privacy coin, Monero (XMR/USD), for its UK customers. According to this exchange, it will be delisting these tokens to comply with the local regulations in the country.
2021-11-22 12:59 | |
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The $1 trillion US Infrastructure Bill has sent waves of panic through the crypto community. Stakeholders across the ecosystem wonder whether they'll be able to comply with the bill's stringent reportThe post Senator assures there will be clarity in US Infra bill's tax reporting requirements appeared first on AMBCrypto.
2021-11-20 00:30 | |
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Prominent exchange Binance announced terminating its crypto derivatives offerings in South Africa on Friday. This was another effort from the exchange's end to comply with the local regulations and thThe post Binance ceases crypto-derivatives services in South Africa appeared first on AMBCrypto.
2021-10-9 22:30 | |
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Key takeaways Coinbase’s CEO Brian Armstrong is taking a glance at Coinbase as a DAO. Armstrong is currently experimenting ideas with Research Hub, another of his start-ups. Armstrong also revealed that the SEC remains the only regulator unwilling to talk to the exchange.
2021-9-27 21:55 | |
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China's largest Bitcoin Exchange Huobi has implemented a measure to stop mainland Chinese residents from registering on its platform by preventing the addition of accounts with Chinese mainland phone numbers, to comply with recent Chinese crackdown on crypto.
2021-9-26 14:23 | |
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The Financial Services Commission (FSC) in South Korea has set a deadline for foreign and local crypto exchanges to register as legal trading platforms. The financial watchdog has set a September 24 deadline for exchanges to comply.
2021-9-17 15:46 | |
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Key takeaways South Korea to shut down over 40 cryptocurrency exchanges for failure to comply with new regulations. Cryptocurrency crackdowns are reducing the impact of Asian countries on the cryptocurrency market.
2021-9-14 15:58 | |
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The project has initiated the phased deployment of Veriscope, which will help VASPs determine the difference between honest transactions and data attacks to comply with FATF’s Travel Rule. The post Crypto Compliance Platform Shyft Begins Mainnet Deployment with Binance, Deribit, Tether & Other Big Exchanges first appeared on BitcoinExchangeGuide.
2021-8-18 19:14 | |
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Meanwhile, senators Pat Toomey and Ron Wyden are calling to “fix” crypto tax provision in the bipartisan infrastructure bill. The post Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen.
2021-8-3 16:14 | |
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Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents.
2021-7-23 19:30 | |
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Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September.
2021-7-19 00:30 | |
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The chairman of South Korea’s Financial Services Commission (FSC), Eun Sung-soo has said that cryptocurrency exchanges operating abroad that offer the Korean won trading pair must register with the anti-money laundering (AML) regulator.
2021-7-14 11:00 | |
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Binance CEO Changpeng Zhao stated his take on the recent regulatory crackdown Binance is facing. In a blog post, Zhao explains Binance aims to comply with local regulations. However, he also stated cryptocurrency was a nascent industry, and there are a lot of uncertainties in the field.
2021-7-9 10:30 | |
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Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force.
2021-7-3 06:30 | |
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Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week.
2021-6-17 07:00 | |
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A fresh wave of regulations on crypto mining and related activities coming from the Chinese government recently hit the market hard, causing cautious miners and traders to halt all or part of their operations in China.
2021-6-4 06:52 | |
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South Korea has asked exchanges to comply with regulatory requests. Should the exchanges complete the process in June, the country’s first regulated exchange could launch in Q3 2021. The post South Korea’s First Regulated Crypto Exchange Could Launch in Q3 appeared first on BeInCrypto.
2021-5-31 10:45 | |
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Власти США приступили к «расчистке» регуляторного поля в отношении цифровых активов, но это не грозит биткоину запретом. Об этом заявила CEO криптовалютного стартапа Avanti Кейтлин Лонг. 1/ IT'S CLEAR a US #crypto regulatory crackdown is starting but I'm optimistic bc most of the major players/agencies have spoken already & the policy is taking shape: it's "pay taxes, comply w/ laws & don't take shortcuts, & we'll enable the innovation.
2021-5-21 11:13 | |
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Cryptocurrency exchanges must comply by July this year.
The post Thailand Regulator Introduces ‘Physical Identification’ KYC Process on Crypto Exchanges first appeared on BitcoinExchangeGuide.2021-5-4 18:17 | |
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Crypto.com has chosen CipherTrace's specialized compliance tool to help it fulfill the complex requirements of the FATF's industry-shaping “travel rule.”
2021-5-3 16:00 | |
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It is now a criminal offense to operate a crypto firm in Ireland without registering with the Central Bank of Ireland.
2021-4-27 04:54 | |
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Authorities in Taiwan have made it clear to cryptocurrency exchanges and bitcoin (BTC) trading platforms in the region that they have until July 1, 2021, to fully comply with existing anti-money laundering (AML) regulations in the region, according to a press release by the Financial Supervision and Administration Commission (FSC) on April 20, 2021. Taiwan’sRead More
2021-4-26 21:00 | |
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With the SEC adopting a theoretical approach of inducing general fear and making businesses think that they’re the next ones to be prosecuted, entities try their best to comply with the regulations The post XRP, Ripple Lawsuit effect: Understanding SEC's mission with crypto markets appeared first on AMBCrypto.
2021-4-19 15:00 | |
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Many crypto exchanges halted trading for XRP or delisted the token after the SEC announced its lawsuit last year.
2021-3-24 20:40 | |
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Establishing this law is part of the new wave of regulation in South Korea to operate crypto businesses transparently. Existing firms will have six months to comply with the rules or face strict penalties.
2021-3-19 00:07 | |
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Ireland has proposed a new regulation that would prevent users from trading cryptocurrencies anonymously. The new anti-money laundering (AML) rules require cryptocurrency entities to begin implementing measures, starting from the next month, that would prevent anonymous trading of these currencies.
2021-3-18 10:46 | |
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Strict reporting rules for crypto businesses in South Korea are set to come into effect, with existing firms given six months to comply or face stiff penalties.
2021-3-17 11:58 | |
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The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that fail to comply.
2021-2-7 19:05 | |
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The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that fail to comply.
2021-2-6 19:05 | |
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Cryptocurrency exchange Bitstamp has implemented more rigorous know-your-customer (KYC) measures for its Netherland-based users. According to the message sent by the oldest crypto exchange to its Dutch users, the exchange is “legally obligated” to suspend the account of any user who doesn’t comply with the latest rules and fail to provide all the required information.
2021-1-26 17:19 | |
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Bitstamp crypto exchange has now made it mandatory for its users who want to withdraw funds to external wallets to first undergo a know-your-customer procedure. The firm says the new measure is in a bid to comply with Netherlands anti-money laundering regulations.
2021-1-20 00:00 | |
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DigiFinex, a crypto asset trading platform, today announced it has joined the Sygna Alliance as the 25th member and completed the integration of CoolBitX’s market-ready compliance solution, Sygna Bridge.
2021-1-19 14:40 | |
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The South Korean arm of global crypto giant Huobi has acquired an ISMS certification to comply with the upcoming Special Payment Act.
2021-1-19 15:51 | |
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Critics of the rule said it would be technically impossible for some projects to comply because smart contracts and author-decentralized tools do not have name or address information to provide.
2021-1-14 17:03 | |
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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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The Financial Conduct Authority [FCA] had taken up the task of supervising crypto businesses to ensure that they comply with the AML laws. In a bid to achieve the same, the Financial watchdog of the UThe post FCA establishes Temporary Registration Regime for crypto firms appeared first on AMBCrypto.
2020-12-16 15:30 | |
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Cryptocurrency exchange Coinbase is disabling its margin trading product in order to comply with the new rules set by the Commodity Futures Trading Commission (CFTC). CFTC’s Rules Affecting Margin Trading Offerings Coinbase’s chief legal officer, Paul Grewal, explained in a blog post on Tuesday: In response to new guidance from the Commodity Futures Trading Commission, […] The post CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading appeared first on Bitcoin News.
2020-11-25 15:30 | |
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Chair of the Prop. 24 advisory board and crypto advocate, Andrew Yang, thinks it could set a new bar for data privacy rights across the U.S.
2020-11-7 00:04 | |
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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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Russians are increasingly seeking new crypto platforms following Binance’s exit from the market, according to the Bank of Russia. Binance‘s departure from Russia has led to a drastic shift in web traffic as Russians started seeking new alternatives, according to…
Russia is considering a crackdown on cryptocurrencies in an effort to get control of a market that has previously operated mostly beneath the radar. The State Duma, the lower chamber of the Russian Parliament, is now debating a measure to…
Russian exiled anti-Putin activist and former Pussy Riot lawyer Mark Feygin says his new blockchain app made to challenge Putin’s legitimacy was audited by Halborn, but a lack of evidence shows that may not be the case. Mark Feygin, a…
Russian cryptocurrency exchange Beribit faces fraud allegations after refusing to refund customers' money.
Protests erupt at Beribit's Moscow office, with clients clamoring for the return of approximately 400 million rubles, funds they were unable to withdraw for several days.
Russia is dipping its toes into the world of cryptocurrency with a proposed bill aimed at legalizing and regulating crypto mining within its borders. The bill, submitted to the State Duma, the lower house of parliament, seeks to strike a balance between encouraging this new industry and mitigating potential risks. Related Reading: David Vs. Goliath? […]
Russia’s central bank and Rosfinmonitoring pilot a new system to trace connections between crypto transactions and fiat operations. The Bank of Russia alongside Rosfinmonitoring, the country’s main body for financial intelligence, is working on a platform to detect connections between…