51 crypto firms withdraw licensing applications in the UK
The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business. Go to Source Powered by WPeMatico
AML
Auto Added by WPeMatico
UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules
Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their applications. FCA Extends Temporary Registrations Regime Till End of March 2022 The Financial Conduct Authority (FCA) announced … Read more
UK FCA buys another 9 months to review crypto companies’ registrations
The Temporary Registrations Regime’s end date for crypto companies has been pushed to March 2022. Go to Source Powered by WPeMatico
Crypto firms not meeting AML standards, says UK minister
Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year. Go to Source Powered by WPeMatico
Korean gov’t clarifies crypto regulatory roles of different agencies
After some confusion, South Korea’s government has laid out which state and regulatory bodies are charged with the oversight of various aspects of crypto-related activities. Go to Source Powered by WPeMatico
Korea’s crypto market is among the strongest — and the strangest — in the world
Between strict capital controls and regulations, Korea’s cryptocurrency industry is so closed off that Bitcoin commands a steep premium and DeFi is in its infancy. Go to Source Powered by WPeMatico
Uganda’s finance watchdog calls for crypto regulations in the country
With exchanges slow to fall under FIA oversight, Uganda’s AML watchdog wants the government to make a move on crypto regulations. Go to Source Powered by WPeMatico
Hybrid DEX/CEX exchange Cryptocurrencies.AI raises $8 million, taps Binance liquidity
A feature-rich DEX hopes to lure traders in with new tools and liquidity via Binance. Go to Source Powered by WPeMatico
Dutch regulators unsure of number of crypto investors in Netherlands
Stringent KYC requirements notwithstanding, the Dutch central bank still does not know how many crypto investors are in the Netherlands. Go to Source Powered by WPeMatico
Blockchain will thrive once innovators and regulators work together
Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem. Go to Source Powered by WPeMatico