Crypto industry experts weigh in on the state of the EU’s regulatory climate
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Should They Stay or Should They Go? Crypto Firms in the EU Must Decide
Category: AML
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312 Crypto Exchanges Registered in Australia, Regulator Confirms
A growing number of cryptocurrency exchanges have been registered with Australia’s crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news.Bitcoin.com on Monday that the regulator has already registered 312 crypto exchanges. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin 312 Registered Crypto Exchanges The […]
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FinCen: Social Media Crypto Projects Can’t Ignore Money Laundering Risk
The deputy director of FinCen says social media platforms should have the same AML compliance responsibilities as traditional financial actors
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FINMA Approves new AML Guidelines for Crypto Exchange Transactions
Switzerland has proven to be a prominent region for blockchain and cryptocurrencies. That situation may come to change soon, following some new AML guidelines. It is evident that authorities are concerned about cryptocurrencies. More AML Restrictions in Switzerland This is especially apparent when it comes to money laundering and tax evasion. FINMA, the Swiss Financial Market Supervisory Authority, has come up with new guidelines. They are primarily interested in transactions related to cryptocurrency exchanges. Any transfer above $1,020 will be subject to additional verification. Any transaction below this amount can be executed without any identity verification at all. This still
The post FINMA Approves new AML Guidelines for Crypto Exchange Transactions appeared first on The Merkle Hash.
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Alexander Vinnik Claims Injustice While Now Fighting Charges in France
What’s next for suspected Bitcoin money launderer Alexander Vinnik as French authorities slam money laundering and conspiracy charges against him?
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UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges
Young and small cryptocurrency businesses will pay lower registration fees than big companies, the United Kingdom’s financial watchdog has decided after consultations with members of the industry. The revised fee scheme takes into account the firms’ income to determine the amount they’ll be charged to cover supervision costs. Also read: Singapore Introduces Licensing for Crypto […]
The post UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges appeared first on Bitcoin News.
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LocalBitcoins Quietly Suspends Accounts in Multiple Regions Without Notice
Finnish LocalBitcoins silently suspends user accounts in multiple countries, reportedly citing an “enhanced due diligence process” initiated by the EU’s 5AMLD
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Localcryptos Lets You Cash Out BTC P2P – Minus the KYC
If you’ve ever had a sudden need for fiat while all in crypto, you’ll understand the difficulty of cashing out without KYC-ing away your identity and that of your unborn children. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade, which leaves what exactly? Localcryptos.com. […]
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Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says
Ukrainian authorities will be able to “block crypto wallets” in order to seize illegally obtained assets, a notice from the country’s Ministry of Finance says
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Deribit Releases Specifics of New KYC Policy Following Move to Panama
Deribit clarifies new requirements for customer information to take effect following move to Panama, itself an effort to avoid new E.U. AML regulation
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