Thai Deputy Prime Minister Calls for More Controls for Cryptocurrencies
The Deputy Prime Minister of Thailand has called on regulators to tighten controls on cryptocurrencies both domestically and abroad Go to Source Powered by WPeMatico
AML
Auto Added by WPeMatico
Mauritius Financial Commission Releases Draft Regulation for Crypto Custodian Services
Mauritius’ Financial Services Commission has released a draft regulatory framework for crypto custodian services Go to Source Powered by WPeMatico
‘Decentralized’ Exchange IDEX to Introduce Full KYC
IDEX, the world’s most popular decentralized exchange, is to transition to a full verification model. The move comes days after the platform began excluding residents of New York State as part of its compliance efforts. Its latest measure, described by IDEX as “pragmatic decentralization” has drawn ire from a segment of the cryptocurrency community. Also … Read more
Taiwan’s Legislature Amends AML, CFT Laws to Place New Requirements on Crypto Exchanges
Taiwan’s legislature has amended existing anti-money laundering (AML) and counter terrorism financing (CFT) laws to place new requirements on crypto exchanges Go to Source Powered by WPeMatico
Korean Court Rules in Favor of Cryptocurrency Exchange Against Bank
A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account of cryptocurrency exchange Coinis based solely on the government’s anti-money laundering guidelines. This is reportedly the first time a Korean crypto exchange has taken legal action against a bank for blocking its transactions. … Read more
Unconfirmed Report: Miner Manufacturer IPO Halts Due to Alleged Illicit Finance Practices
The IPO of crypto mining equipment producer Ebang has been reportedly halted after the alleged illicit mishandling of $71 million, Chinese news outlet Sina Finance states Go to Source Powered by WPeMatico
Korea’s Top Financial Regulator: Crypto Exchanges Should Face ‘No Problems’ With Banks
The chairman of Korea’s financial regulator has affirmed that crypto exchanges should face no issues with banking provisions, provided they apply AML and KYC measures Go to Source Powered by WPeMatico
Russian Regulator Tells Financial Action Task Force Members To Control Crypto Circulation
Russia is urging members of the FATF to keep tabs on crypto in their jurisdictions Go to Source Powered by WPeMatico
UK: New Report Warns Over ‘Bad’ Government Cryptocurrency Regulation
According to the document seen by the Telegraph, “bad regulation is worse than no regulation at all” Go to Source Powered by WPeMatico
Wrapped Bitcoin Is Coming to Ethereum
Bitcoin core is poised to make its Ethereum debut. An initiative involving several decentralized exchanges (DEXs) as well as crypto-custodians Bitgo will see BTC become WBTC, with the W standing for “wrapped.” When WBTC launches in January 2019, it will enable ethereum-based bitcoin to be traded on DEXs, boosting liquidity and opening the Ethereum ecosystem … Read more