The U.K. passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto.
Category: AML
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Binance applies for Taiwan AML compliance: Report
The world’s leading crypto exchange by trading volume has reportedly applied to register in Taiwan under the new AML compliance.
Crypto debanking could drive industry underground: Australia Treasury
The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams.
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IMF envisions ‘new class’ of cross-border payment platform with single ledger
The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs.
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AML rules for digital assets to come into effect in UAE
The licensed financial institutions would be required to identify and verify the identities of all customers.
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bitFlyer adopts crypto deposit limits to comply with Travel Rule
While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask.
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Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
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French lawmakers agree to loosen rules in proposed crypto influencer bill
Previously, the bill restricted influencer marketing to only licensed crypto firms, of which there are currently none in France.
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Japan’s crypto anti-money laundering measures to start in June: Report
The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.”
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Federal Reserve’s FedNow will integrate with Metal Blockchain
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
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