US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected. Go to Source
AML
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U.S. FSC to discuss illicit activity in crypto at upcoming hearing
Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the Financial Services Committee hearing. Go to Source
Sen. Warren, 100+ legislators write White House, Treasury about crypto and terrorism
The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now. Go to Source
Cyprus to tighten crypto regulations in accordance with FATF
The Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law. Go to Source
UK crypto businesses to comply with FATF Travel Rule beginning in September
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. Go to Source
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. Go to Source
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
