2 / 2 Relevant items tagged with #AntiMoneyLaundering

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Crypto exchange Binance reopens exchange services in Belgium

[Sep 25, 2023 5:21 PM] In June, Binance was ordered to halt its services in Belgium "with immediate effect," leading to the exchange redirecting Belgian users to its Binance Poland entity.

South African Crypto Premium Surge After Kraken Abruptly Starts Blocking Deposits by Local Residents

[Aug 30, 2023 11:30 PM] The premium on crypto assets listed on South African exchanges briefly surged to 3.5% after Kraken’s abruptly started blocking deposits from users based in the African country. Some South African crypto experts have linked Kraken’s…

Crypto travel rule implementation ‘remains relatively poor,’ says FATF

[Jun 25, 2023 6:56 PM] The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.

Apple and Goldman Sachs Don’t Trust Their New Banking Customers

[Jun 2, 2023 10:40 AM] “Security Reviews” are locking up Apple Savings accounts for weeks on end, as a blunt-force anti-money laundering system turns customers into suspects.

Zondacrypto CEO: MiCA Regulations Will Stop ‘Rogue Exchanges’ From Profiting From Criminal Activity

[May 26, 2023 5:30 AM] Although the implementation of the recently approved Markets in Crypto Assets (MiCA) regulations is likely to be difficult, their coming into force is going to have a positive outcome for everyone in the industry, Przemyslaw Kral, the CEO of the…

Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report

[May 24, 2023 4:50 AM] Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers.

Japan’s crypto Anti-Money Laundering measures to start in June: Report

[May 23, 2023 10:03 PM] The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.”

Sen. Warren’s Bill Signals Crypto Is Headed for a Clash With National Security Interests

[May 22, 2023 9:45 AM] The misguided Digital Asset Money Laundering Act sponsored by Senators Elizabeth Warren and Roger Marshall may be dead on arrival, but the crypto community should not ignore the conflict it represents between crypto and law enforcement, writes…

Privacy Project Railgun DAO Adopts Chainway’s ‘Proof of Innocence’ Tool

[May 8, 2023 7:58 AM] Railgun DAO’s new functionality – initially developed by the developer Chainway for use on Tornado Cash – could allow users to mathematically demonstrate that coins involved in transactions did not come from blacklisted addresses. Digital Currency�

Estonia’s Registered Crypto Firms Drop 80% as Tough New Checks Reveal 'Suspicious' Behavior

[May 8, 2023 7:30 AM] Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line.

FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers

[Apr 1, 2023 1:30 PM] FTX’s European subsidiary, FTX Europe, has launched a new website, ftxeurope.eu, for users to withdraw funds from the now-defunct cryptocurrency platform. Withdrawal requests must be submitted through the new website and will be “subject to…

From Bat-Signal to Bitcoin: Projecting 'Orange Pill' on banks as EU drives crypto regulation

[Mar 30, 2023 4:54 AM] The Bitcoin logo lights up on the European Central Bank building in Frankfurt as Bitcoiners urge bankers to ‘study Bitcoin.’

Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend

[Mar 23, 2023 12:22 AM] The CEO of Independent Reserve says Hong Kong's "friendly" licensing regime makes it a worthy destination to set up shop, but there are other factors to consider.

ShapeShift responds to Sen. Warren’s comments to ‘set the record straight’

[Feb 18, 2023 9:16 PM] Switzerland-based crypto platform claimed Warren made “mistakes” in comments at a recent senate hearing and encouraged her to “constructively engage” with its community.

US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities

[Jan 28, 2023 1:30 PM] The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a…

UK's FCA hints at why its given only 15% of crypto firms the regulatory nod

[Jan 26, 2023 8:06 PM] The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants.

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

[Jan 4, 2023 2:30 PM] Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said…

European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized

[Dec 10, 2022 1:30 AM] The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert…

Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry

[Nov 28, 2022 5:00 AM] Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes…