Unhosted is unwelcome: EU’s attack on noncustodial wallets is part of a larger trend
Regulators on both sides of the Atlantic seem to be nervous about people transacting with their wallets. Go to Source Powered by WPeMatico
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EU Parliament can outlaw transacting with ‘unhosted’ wallets, crypto advocate warns
The proposed legislation would require exchanges to verify personal data behind any transaction. Go to Source Powered by WPeMatico
Privacy coins are surging. Will regulatory pressure stall their stellar run?
Many privacy coin developers are convinced that all the necessary mechanisms to regulate AECs are already in place. Go to Source Powered by WPeMatico
Ally or suspect? The war in Ukraine as a stress test for the crypto industry
Crypto execs signal their readiness to comply with sanctions, but decentralization itself puts crypto in a vulnerable position. Go to Source Powered by WPeMatico
Bank of Israel issues draft guidelines on cryptocurrency AML/CFT
Private banks could be required to conduct risk assessments on case-by-case basis. Go to Source Powered by WPeMatico
Consolidation and centralization: How Europe’s new AML regulation will affect crypto
With plans for a new watchdog, experts say the EU could take a more hardline position on digital assets. Go to Source Powered by WPeMatico
Coinbase proposes crypto tech to promote global sanctions compliance
Grewal points out that laundering of fiat currency through traditional financial institutions remains the most sought-after method for evading sanctions. Go to Source Powered by WPeMatico
What the launch of the FBI crypto task force means for the digital asset space
Consolidation of law enforcement activity sends a clear message to the industry: It is time to comply. Go to Source Powered by WPeMatico
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils
A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto Firms Under EU Anti-Money Laundering Supervision … Read more
EU members reportedly plan for AML watchdog to oversee crypto firms by 2024
“It is key that the scope of the new EU authority explicitly includes crypto-assets,” said Luis Garicano, a member of the European Parliament. Go to Source Powered by WPeMatico
