EU Parliament Adopts Anti-Money Laundering Rules Package, Also Policing Crypto
[Apr 26 4:44 AM] The new laws set up "enhanced" due diligence and customer checks for crypto firms.
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Samourai Wallet mixer co-founders arrested on AML, licensing charges
[Apr 24 3:11 PM] The crypto mixer allegedly handled $2 billion in unlawful transactions and facilitated $100 million in money laundering.
Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe
[Apr 23 7:01 AM] The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk.
Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges
[Mar 26 9:11 AM] U.S. federal prosecutors charged crypto exchange KuCoin and two of its founders with violating anti-money laundering laws on Tuesday, saying the exchange operated in the U.S., lied to at least one of its investors about operating in the U.S. and…
Latam Insights: Chile to Keep Advancing CBDC Tests, Argentina Debuts VASP Registry
KYC, Bitcoin, and the failed hopes of AML policies: Preserving individual freedom
[Mar 19 11:05 AM] For the past decade, the abbreviations AML and KYC have become an inextricable part of our lives. To help law enforcement track illegal funds, an increasingly constraining set of anti-money-laundering measures is being implemented across the globe…
It’s Time to Scrap AML/KYC Entirely
[Feb 27 1:47 PM]
Frankfurt to Host New EU Money Laundering Watchdog Tasked With Monitoring Crypto
[Feb 22 1:58 PM] The Anti-Money Laundering Authority is part of a broader effort by the European Union to combat illicit fund flows, and is ready to begin work as early as Friday, officials said Thursday.
US Judge Urged to Approve Binance’s $4.3 Billion Plea Deal
[Feb 21 3:00 AM] A U.S. Federal Judge has been urged to accept a plea deal from U.S. authorities with the cryptocurrency exchange, Binance. Prosecutors, in a memorandum, have asserted that the agreed-upon sanctions are commensurate with the extent of Binance’s…
ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator
[Feb 16 4:30 AM] Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to…
Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout
[Jan 25 7:00 AM] The private funding round included participation from DAO MAKER, Shima Capital, and Gate.io among other investors.
Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules
[Jan 19 3:00 AM] Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk.
EU Provisionally Agrees Tough Crypto Due Diligence Measures to Combat Money Laundering
[Jan 17 8:31 PM] Crypto firms have to do checks on transactions of 1000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.
EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms
[Jan 16 7:55 AM] The European Banking Authority issued new guidance for crypto firms that will come into effect on Dec. 30, 2024.
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass
[Dec 12, 2023 1:54 PM] Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress.
Kucoin agrees to ban New York residents and pay $22 million in settlement
[Dec 12, 2023 10:10 AM] Kucoin users from New York will lose the ability to trade within 30 days and will have their accounts closed within 120 days.
More US senators back Elizabeth Warren’s AML bill targeting crypto
[Dec 11, 2023 4:08 PM] The legislation, reintroduced in July, already has the support of several U.S. lawmakers, but critics have suggested it could threaten financial freedom and privacy.
Crypto Provisions Dropped From 2023 U.S. Defense Bill
[Dec 8, 2023 4:31 PM] The military-linked bill is viewed as must-pass legislation, so lawmakers sometimes try to tack on other things to get them passed, too.
CZ cites Star Trek to Binance staff: ‘l need everyone to continue performing admirably’
[Nov 22, 2023 2:40 AM] Former Binance CEO Changpeng Zhao sent a letter to employees after he stepped down, assuring them the company would be fine and quoting a famous Star Trek line.
US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
[Nov 20, 2023 3:00 PM] Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected.
U.S. FSC to discuss illicit activity in crypto at upcoming hearing
[Nov 13, 2023 7:19 AM] Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the Financial Services Committee hearing.
Sen. Warren, 100+ legislators write White House, Treasury about crypto and terrorism
[Oct 18, 2023 12:00 PM] The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now.
THORSwap, Used by FTX Exploiter, Resumes Trading After Updating Terms to Exclude U.S.-Sanctioned Countries
[Oct 13, 2023 9:11 AM] THORSwap, the exchange that paused its platform last Friday following a series of trades related to the FTX hack, resumed its services on Friday with updated terms and conditions relating to users in sanctioned countries.
Cyprus to tighten crypto regulations in accordance with FATF
[Oct 10, 2023 4:52 AM] The Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law.
Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages
[Oct 9, 2023 10:30 PM] Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for…
‘Stringent AML and KYC Processes’ Can Help Build Consumer Confidence in the Web3 Economy — Przemek Kowalczyk
Ramping up Blockchain Education Can Help Make South Korea the World’s Crypto Leader, Says Hashed CPO Edward Hong
[Aug 31, 2023 5:30 AM] According to Edward Hong, the chief platform officer (CPO) at the early-stage venture firm Hashed, South Korea’s decision to delay putting in place a comprehensive crypto regulatory framework seems to be more of a strategic move rather than…
UK crypto businesses to comply with FATF Travel Rule beginning in September
[Aug 17, 2023 1:30 PM] The U.K. passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto.
Binance applies for Taiwan AML compliance: Report
[Aug 11, 2023 6:25 AM] The world’s leading crypto exchange by trading volume has reportedly applied to register in Taiwan under the new AML compliance.
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
[Aug 1, 2023 12:47 PM] The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law.