DeFi: Who, what and how to regulate in a borderless, code-governed world?
The decentralized, disintermediated and borderless blockchain networks challenge regulators, but DeFi is the future of finance. Go to Source Powered by WPeMatico
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10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for New Korean Crypto Regulations Expires Friday Registering with Korea’s Financial Intelligence Unit (FIU) is … Read more
Bithumb crypto exchange reportedly bans foreigners without mobile KYC
Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges. Go to Source Powered by WPeMatico
Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet
The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics report, the new revelations concerning the e-naira’s design as well as the operational … Read more
The new episode of crypto regulation: The Empire Strikes Back
A decentralized exchange reckoning is coming — and it’s bigger than the infrastructure bill — thus, the DeFi community must be ready. Go to Source Powered by WPeMatico
Bitcoin ATM operators set up association to counter money laundering
“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource exec said. Go to Source Powered by WPeMatico
Cardano Foundation partners with Coinfirm for FATF and 6AMLD compliance
Coinfirm said it would be able to provide the same AML/CFT analytics for assets minted on Cardano, a number which may grow as the project prepares to expand to smart contracts. Go to Source Powered by WPeMatico
Digital intelligence must overcome challenges to solving crypto crimes
Changing an intelligence agency’s perspective on crypto crime is the next step toward a successful crypto investigation. Go to Source Powered by WPeMatico
All Binance users are now subject to immediate KYC verification
The crypto exchange will limit services for existing users unless they adhere to the new KYC and AML requirements Go to Source Powered by WPeMatico
Former US Treasury official joins Binance to lead AML efforts
Former IRS supervisor Greg Monahan replaces Karen Leong as the global money laundering reporting officer of Binance. Go to Source Powered by WPeMatico
