The Dutch implementation of the EU’s anti-money laundering directive will cost crypto-businesses a fortune. The Dutch Ministry of Finance’s implementation of the European Union’s fifth anti-money laundering directive, or AMLD5, requires the country’s Central Bank to monitor its cryptocurrency industry. The cost of this supervision will be passed on to crypto-based businesses. A recent report […]
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An overview of 2020’s four most significant regulations for cryptocurrency exchanges around the world. The lack of uniformity among different jurisdictions’ cryptocurrency laws makes it difficult for crypto exchanges seeking to expand to new markets. While some countries are embracing and fostering innovation, others are more hostile to Bitcoin (BTC) and other cryptocurrencies. Further exacerbating […]
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German firm Black Manta Capital Partners has launched a security token offering for $12 million worth of Berlin real estate. Germany’s Black Manta Capital Partners has launched a security token offering (STO) for Berlin real estate worth more than $12 million. The project is a collaboration with the German real estate firm Tigris Immobilien and […]
Continue ReadingA U.K. payments startup is adding fiat gateways for Binance Chain BEP2 tokens to connect them with the banking network in the U.S., U.K., the EU and India. United Kingdom-based startup Cashaa has developed a fiat gateway for BEP2 tokens on Binance Chain. Announced on April 9, the integration would let users sell and buy […]
Continue ReadingDespite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders. At the end of February, the United States Immigration and Customs Enforcement revealed its Cryptocurrency Intelligence Program, which targets peer-to-peer and darknet markets for the illicit use of cryptocurrencies. Then, […]
Continue ReadingAs the European Commission finished its crypto consultation in March, France’s major financial regulator expressed its stance on the matter. As the European Commission finished its public consultation on cryptocurrency assets in March, France’s major financial regulator stepped in to express its stance on the matter. The Autorité des Marchés Financiers (AMF), the stock market […]
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The cryptocurrency network aims with the partnership to strengthen their AML/KYC screening processes. Cryptocurrency network TemTum is partnering with identity verification service Shufti Pro to provide Anti-Money Laundering (AML) and Know Your Customer (KYC) screening services for its customers. As part of the partnership announced on April 7, Shufti Pro will verify TemTum clients’ KYC […]
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How digital technologies can foster climate action in the context of the European Green Deal and enable global mobilization of SDG impact finance? According to NASA, the World Meteorological Organization and the National Oceanic and Atmospheric Administration, a scientific agency within the United States Department of Commerce, the last 10 years leading up to the […]
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EU agency Eurofound laid out several benefits of blockchain in its recent report on digitization. The European Union, or EU, mentioned blockchain technology as part of social services digitization efforts to keep Europe up to speed with the changing times. “As in the case of the services sector, the use of blockchain technology is in […]
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Once the go-to place for crypto and blockchain firms, is the “blockchain island” of Malta being hollowed out? It seems that Malta is becoming both less popular among and less populated with crypto firms. The European Union country attracted dozens of industry players in 2018 on the back of the “blockchain island” agenda championed by […]
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