A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.
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A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.
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Coinfirm said it would be able to provide the same AML/CFT analytics for assets minted on Cardano, a number which may grow as the project prepares to expand to smart contracts.
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The Bangko Sentral ng Pilipinas has expanded its regulatory remit of the crypto space to include all cryptocurrency financial service providers.
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The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion. Yet despite this acknowledgment, the FSB still argues against the […]
The post FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls appeared first on Bitcoin News.
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Singapore’s crypto industry association is providing resources for local firms as they navigate new regulatory requirements.
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During the last few years, blockchain surveillance has increased a great deal and in the early days around 2013-14, there were only a handful of firms. Now there are more than 20 blockchain analysis companies that monitor addresses, transactions, and making sure addresses are AML/CFT compliant as well. The Rise of Blockchain Analysis Ventures In […]
The post 20 Blockchain Surveillance Firms Monitor Crypto Networks, But Some Apps Show Inaccuracies appeared first on Bitcoin News.
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