EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

EU Members Adopt Tougher Crypto Rules Than AML Directive RequiresEurope is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) […]

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Localbitcoins to Introduce New User Verification Rules

Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules. Also read: 3 Technical Proposals for Increasing Bitcoin’s Privacy P2P Exchange Localbitcoins Advising Finnish Regulators In a […]

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Japanese Regulator Publishes Proposed Rules for Cryptocurrency Service Providers

Japanese Regulator Publishes Proposed Rules for Cryptocurrency Service ProvidersJapan’s top financial regulator has published the final report outlining proposed rules for cryptocurrency service providers to follow. The rules address areas such as hacking incidents, coin listings, financial and price disclosures, margin trading, and crypto custodial services. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Final Report of Proposed Rules […]

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Chrome Extensions Will Soon Protect Against Miners and Hackers

Chrome Extensions to Ensure Protection Against Miners and HackersGoogle has announced a number of upcoming changes concerning the development of new extensions for Chrome. Users of the web browser will soon benefit from improved security and better protection against malware including hidden miners and tools used to steal cryptocurrency. Also read: A Guide to Building Your Own Crypto Mining Rig Google Introduces Changes […]

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Uzbekistan Legalizes Crypto Exchanges and Trading

Uzbekistan Legalizes Crypto Exchanges and TradingA new presidential decree legalizes cryptocurrency trading in Uzbekistan, introducing licensing for crypto exchanges and a set of requirements they will be obliged to meet. To operate in the country, foreign trading platforms will have to establish local subsidiaries and abide by the country’s relevant laws. Also read: California Passes Bill Defining Blockchain and Crypto […]

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Japan Introduces New Screening Requirements for Crypto Exchanges

Japan Introduces New Screening Requirements for Crypto ExchangesJapan’s financial regulator has reportedly introduced new screening requirements for crypto exchanges seeking approval to operate in the country. The agency now extends its focus beyond the registrants’ financial health and system safety measures. Among additional criteria are the assessment of the companies’ decision-making process and their links to antisocial groups. Also read: 160 Crypto Exchanges Seek […]

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The Daily: Report Sees UK as Crypto Leader, Jersey Adopts ICO Rules

The Daily: Report Sees UK as Crypto Leader, Jersey Adopts ICO RulesThe United Kingdom has what it takes to become a true leader in the crypto space, according to a new report covered in today’s Bitcoin in Brief. Also in The Daily, the British Crown dependency of Jersey has adopted new requirements for ICO projects to better protect participating investors, Malta now has a two-way bitcoin […]

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Dutch AFM on Licensing Requirements for Institutions Invested in Crypto

Dutch AFM on Licensing Requirements for Institutions Invested in CryptoThe Dutch financial regulator, The Netherlands Authority for the Financial Markets (AFM) has published a letter addressed to new and currently existing institutions invested in cryptocurrencies. The letter seeks to inform that certain cryptocurrency investment activities may require licensing from the AFM, however, expresses “serious doubts” as to “whether managers of investment institutions in cryptos […]

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Research: Majority of EU, US Exchanges and Wallets Fail to KYC Users

Research: Majority of EU, US Exchanges and Wallets Fail to KYC UsersMore than two thirds of the leading cryptocurrency exchanges and wallet providers on both sides of the Atlantic fail to conduct proper identity verification checks. According to new research into their onboarding practices, most of the studied platforms do not meet the requirements of the upcoming regulations under the updated EU anti-money laundering directive. Also […]

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Strict Rules for ICOs Prepared in Russia

Strict Rules for ICOs Prepared in RussiaA new set of regulations for ICOs has been presented by the Russian Ministry of Communications. Companies organizing token sales will be obliged to guarantee that investors can sell back their tokens. Coin issuers will have to prove they control at least 100 million rubles of authorized capital in a Russian bank account. Also read: […]

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