CFT – DIGIT INFO

Senator Warren urges Trump’s Treasury pick to consider stricter crypto regs

DIGIT — Tue, 14 Jan 2025 03:24:06 +0000

One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.”

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HashKey secures VASP license in Ireland under MiCA regulations

DIGIT — Tue, 07 Jan 2025 07:28:16 +0000

HashKey Europe has entered Ireland following its approval for a VASP license under MiCA regulations, enabling various crypto services.

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Binance Secures 20th Global Milestone With Argentina Crypto Registration

DIGIT — Thu, 03 Oct 2024 06:46:21 +0000

Crypto exchange Binance has achieved a significant milestone by joining Argentina’s Virtual Asset Service Providers Registry, marking its 20th global regulatory achievement. This allows Binance to expand its full range of services to Argentina-based users, further embedding itself in the country’s cryptocurrency market. Binance Joins Argentina’s Crypto Registry, Strengthens Global Compliance Crypto exchange Binance announced […]

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US Treasury strategy would tighten virtual asset regs, increase use of AI

DIGIT — Fri, 17 May 2024 18:26:22 +0000

Better regulations, greater enforcement and AI are going to be the focus of the Treasury’s fight against illicit finance.

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US regulator to seek feedback on DeFi’s impact on financial crime

DIGIT — Thu, 08 Dec 2022 06:30:00 +0000

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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Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report

DIGIT — Wed, 07 Dec 2022 12:30:58 +0000

Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed to the concurrent crises.” Impact of the […]

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India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection

DIGIT — Sun, 02 Jan 2022 17:20:02 +0000

India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that “cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) / combating the financing of terrorism […]

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Cardano Foundation partners with Coinfirm for FATF and 6AMLD compliance

DIGIT — Wed, 25 Aug 2021 20:30:02 +0000

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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Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push

DIGIT — Sun, 25 Jul 2021 08:00:02 +0000

Banks in Ireland have welcomed an upcoming reform of the European Union’s anti-money laundering regulations that will affect the crypto space. The Irish banking industry organization voiced support for the changes aimed at disrupting illicit transactions at the union level while calling them “radical.” New AML Body to Weed Out Suspicious Transactions in the EU, […]

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South Africa Working Group Releases New Position Paper Calling for Regulation of Crypto Asset Providers

DIGIT — Sun, 13 Jun 2021 05:30:38 +0000

South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged approach to bring crypto-assets within the regulatory remit through the regulation of crypto […]

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