Tags: aml

The changes to legislation are part of a wider set of rules aiming to prevent money laundering and terrorist financing.

Kucoin users from New York will lose the ability to trade within 30 days and will have their accounts closed within 120 days.

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.

The National Audit Office emphasized that it took nearly three years for the UK Financial Conduct Authority to address illicit activity in crypto ATMs across the country.

The two provisions abolished from the National Defense Authorization Act centered around anti-money laundering (AML) issues linked to cryptocurrency.

Former Binance CEO CZ sent a letter to employees after he stepped down, assuring employees the company would be fine, and quoting a famous Star Trek line as he closed.

Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected.

In a recent senate hearing, a cybersecurity professional openly endorsed United States Senator Elizabeth Warren‘s Digital Asset Anti-Money Laundering Act.

Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the upcoming House Financial Services Committee hearing.

The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now.

The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high.

The Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law.

Coinbase Becomes Registered Crypto Exchange in Spain

The Anti-Money Laundering registration will allow cryptocurrency exchange Coinbase to offer its services to both retail and institutional investors within Spain.

Can KYC and Permissionless Money Co-exist? Not According to This Crypto Influencer

The exchange operator is instituting new KYC requirements for users from September 2023 to comply with developing global regulatory guidelines.

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.

The world‘s leading crypto exchange by trading volume has reportedly applied to register in Taiwan under the new AML compliance.

The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams.

The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.

The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs.