South Korea and Singapore may have the best regulations around compliance with the Financial Action Task Force guidelines. CoolBitX Founder Michael Ou believes regulators in Asia are leading the way when it comes to compliance with the Financial Action Task Force (FATF) travel rule, which is due to be implemented in June. The startup has […]
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As FATF’s purported deadline for the travel rule is just a few weeks away, crypto regulation expert Siân Jones argues that its adoption could take years. Last year, the Financial Action Task Force (FATF) asked global jurisdictions to adopt its anti-money laundering, or AML, guidelines for crypto. As the apparent deadline is just a few […]
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Crypto companies, intelligence firms and law enforcement agencies team up to fight human trafficking through data sharing and educational awareness. It may seem like an unlikely combination, but crypto companies and law enforcement agencies are joining forces to combat a major global crime: human trafficking. The Anti-Human Trafficking Intelligence Initiative (ATII) launched a cryptocurrency consortium […]
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Gibraltar’s government is treating token sales as securities offerings by default unless the issuer can prove otherwise. In an exclusive interview with Cointelegraph, Gibraltar’s minister for digital and financial services, Albert Isola, has welcomed firms wishing to launch security tokens to the jurisdiction. The minister revealed that the British Overseas Territory assumes that all token […]
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Rand Corporation unveiled a study that found a widespread lack of knowledge towards Zcash from dark web criminals. A study by Rand Corporation unveiled that people using Zcash for illicit or criminal purposes in the dark web may not fully understand the underlying technology. According to the 65-page report published on May 7, the US-based […]
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De Nederlandsche Bank has issued an ultimatum to all domestic cryptocurrency service providers offering fiat support to register with the institution by May 18. The Netherlands’ central bank, De Nederlandsche Bank (DNB), has issued an ultimatum to all fiat-supporting cryptocurrency service providers to register with the institution by May 18. In a news release published […]
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In new legislation, the Cayman Islands is looking to clarify rules on crypto exchanges, including registration and sandbox licensing. On April 28, the legislative assembly of the Cayman Islands gazetted five new pieces of legislation governing crypto businesses — especially exchanges. How the new legislation would change the Cayman Islands’ crypto industry The Virtual Asset […]
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CipherTrace seeks to fill the “blind spot” in crypto compliance with the launch of Armada. April 28, CipherTrace launches Armada, a product designed to eliminate risky cryptocurrency blind spots for banks and financial institutions. Unlike other products by CipherTrace and many similar products by its competitors, Armada focuses on the off-chain data instead of on-chain […]
Continue ReadingThe privacy-based cryptocurrency could see a return to the Japanese market if the group running Dash Japan is successful. A $30,000 proposal submitted by the group running Dash’s Japanese website has just received approval to continue their efforts to get the token relisted in Japan. According to an April 27 update on a DashNexus proposal, […]
Continue ReadingA one-man crypto savings platform has announced it will cease operating amid Holland’s implementation of Europe’s AMLD5 anti-money laws. Dutch Bitcoin (BTC) savings platform, Bittr, has decided to cease operations ahead of Holland’s introduction of the EU’s AMLD5 anti-money laundering, or AML, regulations. Bittr’s closure follows criticism of the Netherlands’ implementation of AMLD5 — reportedly […]
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