AML News

FATF to Apply Banking Rules to Crypto; What It Means For You?
FATF to Apply Banking Rules to Crypto; What It Means For You?
13 June 2019, 10:13
The Financial Action Task Force (FATF), a committee that defines anti-money laundering and counter-terrorism financing (AML/CFT) rules have set its eyes on the crypto industry. What does this mean for the ordinary crypto user?
FATF to Release New Crypto Rules on June 21
FATF to Release New Crypto Rules on June 21
12 June 2019, 18:50
The Financial Action Task Force (FATF) plans to release a guidance note on crypto trading platforms later this month.
Is the U.K Going Overboard With Proposed AML/CFT Laws for Crypto?
Is the U.K Going Overboard With Proposed AML/CFT Laws for Crypto?
11 June 2019, 09:32
In the paper titled ‘“Transposition of the Fifth Money Laundering Directive,” Her Majesty’s Treasury disclosed its plans to broaden the EU’s guidelines for applying anti-money laundering/countering the financing of terrorism (AML/CFT) regulations to the crypto industry.
G20 Finance Ministers Reaffirm Support for Global Crypto Regulation
G20 Finance Ministers Reaffirm Support for Global Crypto Regulation
10 June 2019, 04:00
A communique signed by G20 finance ministers and central bank governors says that cryptocurrencies currently do not pose any threat to financial stability.
EU to Malta —Tighten AML Rules for Growing Crypto Industry
EU to Malta —Tighten AML Rules for Growing Crypto Industry
05 June 2019, 20:41
The European Union (EU) has recommended areas that Malta can beef up efforts to track financial crimes related to cryptocurrency.
LocalBitcoins to Comply with Finland’s New AML Laws
LocalBitcoins to Comply with Finland’s New AML Laws
26 March 2019, 09:58
LocalBitcoins which was recently breached revealed it is putting some new features in place to comply with newly approved laws for cryptocurrency service providers in the country.
Russia to Make ID Verification Compulsory for Crypto Users
Russia to Make ID Verification Compulsory for Crypto Users
07 March 2019, 20:33
Under newly proposed regulations, crypto users in Russia must complete an identity verification process or risk being called criminals.
Crypto OTC scam: how to avoid becoming a victim
Crypto OTC scam: how to avoid becoming a victim
06 March 2019, 19:26
If you consider executing an over-the-counter (OTC) deal with crypto, selling or buying bitcoin or any other cryptocurrencies in exchange for fiat cash or wire transfer, consider the following red flags which can help you not to get scammed.
Cyprus SEC To Regulate Crypto With EU AML Laws
Cyprus SEC To Regulate Crypto With EU AML Laws
20 February 2019, 02:07
Cyprus set to impose EU anti-money laundering (AML) laws on local cryptocurrency-related business. What impact will this have on the ecosystem?
A New Report By OECD Centres on ICO Regulation
20 January 2019, 17:37
Authorities in different parts of the world are defining their framework for regulating Initial Coin Offerings, but such an approach will lead to disparity in the long run according to a new document released on January 15, by the Organisation for Economic Cooperation and Development (OECD).
The First Regulated Crypto Exchange Launched in Belarus
19 January 2019, 20:41
Currency.com, a regulated crypto exchange based in Belarus on Tuesday announced the release of its new platform that will allow traders to buy and sell tokenized securities
Dutch Crypto Exchanges and Wallets To Come Under New AML/CTF Regulations
14 December 2018, 06:27
Cryptocurrency exchanges and wallet providers based in the Netherlands will come under new EU banking regulations proposed in a draft rule by the country’s Ministry of Finance on Dec 11.
Belarus Approves Full Regulatory Framework For Cryptocurrencies
Belarus Approves Full Regulatory Framework For Cryptocurrencies
02 December 2018, 12:12
The European nation has become the latest to roll out regulation for the crypto industry following signed documents released by a special unit in the country know as Belarus High-Technologies Park (HTP)
CFTC will subject smart contracts to Commodity Exchange Act CEA and AML
CFTC will subject smart contracts to Commodity Exchange Act CEA and AML
30 November 2018, 05:21
The research arm of the U.S Commodity Futures Trading Commission (CFTC) known as LabCFTC has published a new guide about smart contracts. CFTC will subject smart contracts to laws such as the Commodity Exchange Act (CEA) and anti-money laundering (AML) rules
Taiwan to prohibit anonymous transactions
Taiwan to prohibit anonymous transactions
06 November 2018, 15:00

With a global regulatory framework for cryptocurrencies not likely to happen soon, different world jurisdictions have in recent months started to create rules for the emerging industry.

New York Regulators Approve Bitcoin ATMs
New York Regulators Approve Bitcoin ATMs
02 November 2018, 08:21

A virtual currency operating license has been given to Bitcoin ATM operator, Coinsource Inc. by the New York State Department of Financial Services (NYDFS) according to a Nov 1 press release.