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
AML
Auto Added 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
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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.” Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules
The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 … Read more
Estonia squeezes out 400 crypto firms after new laws
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans. Go to Source Powered by WPeMatico
New White House standards strategy could have implications for crypto industry KYC
The Biden administration has released a strategy document focusing on standard setting for “critical and emerging” technologies such as blockchain and digital ID. Go to Source Powered by WPeMatico
Innovate some compliance mechanisms, US Treasury official tells DeFi community
Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and DeFi should program in some compliance. Go to Source Powered by WPeMatico