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Slovenian Regulator Grants Bitstamp License for Crypto Derivatives

[Oct 28 7:30 AM] Bitstamp, a cryptocurrency exchange, has received a MiFID MTF license from the Slovenian securities regulator. The license allows Bitstamp to offer more sophisticated products, including crypto derivatives, to both institutional and retail…

Russia’s Digital Currency Measures Fail to Satisfy FATF, Blacklist Possible

[Oct 17 8:30 AM] Russia’s financial regulator maintains that its anti-money laundering system, including strengthened virtual currency regulations, remains effective even if the country faces potential blacklisting by the Financial Action Task Force (FATF)…

Taiwan’s new AML laws put crypto firms on notice

[Oct 3 11:43 AM] The Taiwanese FSC has released new Anti-Money Laundering laws that will replace its current regulations and require full compliance of VASPs. 

Chinese gov't mulls anti-money laundering law to 'monitor' new fintech

[Sep 14 9:45 PM] According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.

Nigerian Agency Gets Nod to Freeze $330,000 in Crypto Users’ Bank Accounts

[Sep 11 10:30 PM] A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their…

UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval

[Sep 5 3:55 PM] The FCA approved only four of the 35 applications it received in the year ended March 31.

Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds

[Aug 30 12:30 AM] The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external…

Binance CEO Teng Rejects Allegations the Exchange Froze All Palestinians' Funds

[Aug 28 3:56 PM] The crypto exchange complies with anti-money laundering legislation, he said.

Binance Goes Live in India: Full Access for Indian Users

[Aug 17 1:30 AM] Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient…

Bybit receives VASP, card operator registration in Argentina

[Aug 16 5:39 PM] Bybit’s registration as a virtual asset service provider was made possible by a law passed in July.

Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance

[Aug 8 9:30 PM] The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known…

Binance Hit With $87 Million Tax Bill in India

[Aug 6 3:16 PM] Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such…

French regulator accepting CASP applications ahead of MiCA rollout

[Aug 2 9:32 PM] The AMF is giving firms registered under its current DASP rules ample time to transition, too.

Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors

[Aug 2 6:25 AM] India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.

Coinbase's CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls

[Jul 25 5:40 AM] Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.

Cyprus calls for collective crackdown against crypto terror financing

[Jul 10 5:40 AM] The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime.

Crypto exchanges subject to EU Travel Rule in 6 months

[Jul 5 2:14 AM] New EU regulations mandate crypto exchanges to comply with Travel Rule guidelines, enhancing AML/CFT measures starting Dec. 30.

Singapore ups crypto exchanges risk factor in update to AML/CFT laws

[Jul 2 5:41 AM] The update aims to prevent terrorist groups and organizations from exploiting Singapore’s economic openness as an international financial, business and transport hub.

Hawaii crypto firms no longer need MT license, regulator rules

[Jul 1 2:34 AM] While being exempt from the Money Transmitter License requirement, crypto firms in Hawaii will still have to comply with any federal licensing laws.

Nigeria urged to adopt crypto regulations inspired by Europe

[Jun 30 6:43 AM] Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity.

Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank Says

[Jun 23 5:16 PM] According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and…

Binance fined $2.25M by India’s Financial Intelligence Unit

[Jun 20 12:56 AM] India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance director and available company records.

North Dakota latest US state to revoke Binance.US license

[Jun 18 10:52 PM] North Dakota’s Department of Financial Institutions Commissioner pointed to Binance’s money transmitter and AML convictions to make its case.

Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued 

[Jun 15 7:20 AM] The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection…

Binance France changes ownership following regulator warning

[May 28 3:06 PM] Former CEO Changpeng Zhao cannot be Binance's beneficiary if it wants to keep its French license.

Taiwan proposes tougher AML measures for crypto service providers

[May 9 6:19 AM] Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance.

Fewer Than 30% of Jurisdictions Globally Have Started Regulating Crypto: FATF Chief

[Mar 28 3:24 AM] Globally, less than 30% of jurisdictions have started regulating the crypto sector as of June 2023, the Financial Action Task Force (FATF) President T. Raja Kumar told CoinDesk in an interview from Singapore.

FATF Grey Listing Concern Prompts Kenya to Establish a Crypto Working Group

[Feb 23 6:30 AM] The fears that Kenya’s lack of a regulatory framework for overseeing the crypto industry has prompted the government to establish a working group tasked with drafting crypto regulations. Authorities in the East African nation are confident…

Woman Accused of Laundering Bitcoins for Chinese Fraudster Goes on Trial in the UK

[Jan 31 6:30 AM] A British citizen recently went on trial in the U.K. for laundering bitcoins on behalf of a fugitive Chinese fraudster, Yadi Zhang. Prosecutors insist that Jian Wen was aware that Zhang’s bitcoins were acquired using stolen funds. However…

Is Binance’s $4B settlement the green light for spot Bitcoin ETFs?

[Nov 22, 2023 9:51 PM] One crypto executive predicted five months ago that spot Bitcoin ETFs would only be approved after Binance lost ground on its market dominance.