Canada: Crypto Exchanges Must Register With Financial Watchdog Next June
Crypto exchanges serving Canadian residents will be required to register with FinTRAC as of next June Go to Source Powered by WPeMatico
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Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra
The chair of the Federal Reserve said Facebook needs to address a number of concerns thoroughly and carefully before it can move forward with Libra Go to Source Powered by WPeMatico
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly or inadvertently. New chapters have been added to the saga over the last … Read more
‘Not Everyone Is Happy but We Have to Move on,’ Some Challenges to the FATF’s New Guidance
Not everyone is happy about the FATF’s new rule. Cointelegraph investigates some challenges from both technical and philosophical standpoints Go to Source Powered by WPeMatico
Dutch Ministers Call for Cryptocurrency, Cash Use Regulations
Dutch ministers have proposed that the government regulate crypto and large cash transactions, citing concerns over money laundering Go to Source Powered by WPeMatico
Regtech Startup Coinfirm to Investigate XRP’s Compliance With AML Provisions
Ripple has signed an agreement with Coinfirm to explore XRP’s compliance with AML provisions Go to Source Powered by WPeMatico
French Central Bank: Facebook’s Libra May Need Banking License
Facebook’s Libra must comply with anti-money laundering regulation and needs banking licenses, according to the Bank of France Governor Go to Source Powered by WPeMatico
Updated Crypto Guidelines From FATF Has Far-Reaching Implications
The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers), compromising user privacy and restricting crypto market access. Also read: BCH Development Fund Doubles Its Goal After a Successful Month … Read more
Circle and Coinbase’s Centre Seeks to Form Consortium to Promote, Issue USDC
Coinbase and Circle open up the Centre consortium for new members to join, hoping to increase interoperability and transparency among stablecoins Go to Source Powered by WPeMatico
FATF to Strengthen Control Over Crypto Exchanges to Prevent Money Laundering
At the plenary session today, the FATF focused on greater regulation of cryptocurrency to stop its usage in money laundering Go to Source Powered by WPeMatico
