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Financial ministers and central bankers from the G20 states met over the weekend in Argentina to discuss the challenges for the global economy. They reiterated their position that cryptocurrencies do not pose a risk to the financial stability. The officials also called on the Financial Action Task Force to clarify by October how its anti-money … Read more
Following a bureaucratic overhaul, Japanese financial regulator the FSA has created a bureau to deal with fintech-related issues, including cryptocurrencies Go to Source Powered by WPeMatico
A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.5 million for customers across the country, according to the notice by the U.S. Department of Justice. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more
The EU Fifth Anti-Money Laundering Directive has come into force, setting new rules for European financial watchdogs to monitor cryptocurrencies Go to Source Powered by WPeMatico
Auditing giant KPMG publishes study on money laundering via crypto, provides advice for financial institutions Go to Source Powered by WPeMatico
South Korea’s Financial Services Commission released new AML guidelines that require crypto exchanges to conduct proper customer ID due diligence Go to Source Powered by WPeMatico
Ajit Tripathi of ConsenSys, formerly of Wall Street, compares crypto to a misbehaving — but learning — teenager and regulators to his parents in an interview with CT Go to Source Powered by WPeMatico
An Israeli cybersecurity expert says crypto-related crimes will exceed the number of all other cyberattacks this year Go to Source Powered by WPeMatico
Japan’s FSA demands six big exchanges improve AML/KYC setup Go to Source Powered by WPeMatico
The owner of a leading Irish Bitcoin broker has accused the country’s banking institutions of discriminating against crypto-related businesses Go to Source Powered by WPeMatico
