U.S. FSC to discuss illicit activity in crypto at upcoming hearing
Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the Financial Services Committee hearing. Go to Source
counter terrorism financing
Auto Added by WPeMatico
Sen. Warren, 100+ legislators write White House, Treasury about crypto and terrorism
The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now. Go to Source
Crypto exchange Binance reopens exchange services in Belgium
In June, Binance was ordered to halt its services in Belgium “with immediate effect,” leading to the exchange redirecting Belgian users to its Binance Poland entity. Go to Source
Binance Turkey fined 8M lira for non-compliance against money laundering
MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law. Go to Source Powered by WPeMatico
DeFi: Who, what and how to regulate in a borderless, code-governed world?
The decentralized, disintermediated and borderless blockchain networks challenge regulators, but DeFi is the future of finance. Go to Source Powered by WPeMatico
The new episode of crypto regulation: The Empire Strikes Back
A decentralized exchange reckoning is coming — and it’s bigger than the infrastructure bill — thus, the DeFi community must be ready. Go to Source Powered by WPeMatico
DoJ’s crypto czar joins FinCEN in brand-new role: Why it matters
Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space. Go to Source Powered by WPeMatico
FinCEN lists cryptocurrencies as top AML and CFT priorities
FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs. Go to Source Powered by WPeMatico
Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures
The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering. Go to Source Powered by WPeMatico
Exchanges warn that Hong Kong’s crypto retail trader ban could backfire
Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong. Go to Source Powered by WPeMatico
