New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to
Tag: AML
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils
A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection
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
Crypto Exchange Bitbay Passes Audit Under Estonia’s Tougher New Regulations
Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently
10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset
Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push
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
EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest
The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU
FinCEN Names Misuse of Cryptocurrencies a National Priority
The Financial Crimes Enforcement Network (FinCEN) has named “cybercrime, including relevant cybersecurity and virtual currency considerations” a national priority. In particular, the Treasury is concerned
