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With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations of … Read more
Two EU-based crypto firms are shutting down because of the upcoming EU Anti-Money Laundering rules Go to Source Powered by WPeMatico
The Swiss Financial Market Supervisory Authority warned that blockchain exacerbates the country’s money laundering risks Go to Source Powered by WPeMatico
The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time to process an acquittal motion. Additionally, according … Read more
Lay attorneys are puzzled by Nordea’s BTC ban: “They are within their rights, but to prohibit every single employee from trading cryptocurrencies […] seems weird.” Go to Source Powered by WPeMatico
No global stablecoin project should begin operations in the EU until the associated risks are addressed, EU authorities say in a new adopted statement Go to Source Powered by WPeMatico
How centralized chokepoints and blacklists will affect interoperability of the Chinese CBDC with the decentralized world Go to Source Powered by WPeMatico
The national policy committee of the South Korean National Assembly has approved a bill that would provide a legal basis for cryptocurrencies in the country Go to Source Powered by WPeMatico
BitBay will drop support for the privacy-centric cryptocurrency Monero in 2020 in order to stay in line with industry Anti-Money Laundering standards Go to Source Powered by WPeMatico
Digital currencies can shift some functions usually performed by the government to the private sector, the U.S. Deputy Treasury Secretary argued Go to Source Powered by WPeMatico