Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan
Financial Monitoring Agency, Kazakhstan’s financial watchdog, emphasizes the need to regulate the sector. Go to Source Powered by WPeMatico
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European Parliament votes against PoW ban, providing huge relief to the crypto industry
The moderate version of the regulatory framework’s draft prevailed in the ECON committee voting. Go to Source Powered by WPeMatico
Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry
Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s AML policies. Government of Estonia Creates Stricter Regulatory Environment for … Read more
Bank of Israel issues draft guidelines on cryptocurrency AML/CFT
Private banks could be required to conduct risk assessments on case-by-case basis. Go to Source Powered by WPeMatico
Consolidation and centralization: How Europe’s new AML regulation will affect crypto
With plans for a new watchdog, experts say the EU could take a more hardline position on digital assets. Go to Source Powered by WPeMatico
FBI director: Russia overestimates its ability to bypass US sanctions using crypto
Christopher Wray cited the FBI’s recent work in seizing large amounts of crypto as evidence there were vulnerabilities in using digital assets to get around sanctions. Go to Source Powered by WPeMatico
Russian Parliament working group: There should be ‘mechanisms to control crypto transactions’
The working group weighed in on the side of the Finance ministry in a call to regulate, not ban crypto. Go to Source Powered by WPeMatico
Regulators and industry leaders react to Biden‘s executive order on crypto
“The proverbial doors of policymakers are wide open, this is now a national conversation in the U.S.,” said Circle CEO Jeremy Allaire. Go to Source Powered by WPeMatico
Dubai establishes virtual asset regulator and announces new crypto law
The Sheikh said the regulator will have authority in Dubai’s special development zones and free zones with the exception of the Dubai International Financial Centre. Go to Source Powered by WPeMatico
Biden to sign executive order on crypto, authorize all-government effort to consolidate regulation
The document does not announce any restrictive measures, but it will undoubtedly lay the groundwork for a more focused federal oversight. Go to Source Powered by WPeMatico