anti-money laundering

Amid the anticipation of the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, India is poised to evaluate and determine its stance on cryptocurrencies after assessing the consensus of global leaders on an agreeable crypto regulatory framework. After the G20, or Group of...

UK-based crypto firms must now adhere to the Financial Action Task Force's Travel Rule, a global initiative to enforce anti-money laundering and counter-terrorist financing measures on blockchain transactions. Effective Sep. 1, the UK's Financial Conduct Authority (FCA) mandates Virtual...

Decentralized alternatives marketplace Archblock Tuesday announced the introduction of a tokenized U.S. Treasury Bills fund on its marketplace, seeking to provide global USDC (CRYPTO: USDC) holders and on-chain investors, who might not have access to traditional U.S. bank or brokerage...

Esther Freeman, a pensioner who earned approximately $270,000 from Bitcoin (CRYPTO: BTC) investments, had her lawsuit against Bank Hapoalim dismissed nearly two years after alleging the bank refused her deposit of the cryptocurrency profits. Both parties reached an agreement, stating that "...

As the current chair of the G20, India has expressed its support for the Financial Stability Board's (FSB) proposed global framework for cryptocurrencies, which was released in July. The nation has also highlighted the importance of addressing the risks associated with digital assets,...

Kuwait joined the list of jurisdictions implementing a comprehensive ban on cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), as the country's main financial regulator, the Capital Markets Authority (CMA), issued a circular outlining strict guidelines for...

Israel's Defense Minister confirmed that a sophisticated digital currency network linked to Hezbollah and the Iranian Quds Force has been thwarted. Speaking at the National Bureau for Counter Terror Financing’s third crypto conference, Defense Minister Yoav Gallant said defense...

Australian payment provider Cuscal has made moves to introduce fresh restrictions on cryptocurrency transactions. Blockchain Australia has voiced its concerns over the move and articulated the need for a balanced approach since, amid economic uncertainty, the probability of scams and fraud...

Crypto exchange Binance announced on Friday it will cease operations in the Netherlands, effective immediately, due to regulatory hurdles in the country. According to a statement released by the company, no new accounts will be registered for residents in the Netherlands. In addition, starting...

Markets in Crypto Assets (MiCA) regulation, inscribed in the Official Journal of the European Union on June 9, is expected to be enacted by Dec. 30, 2024. Certain provisions will even be brought into play six months in advance, on Jun. 30, 2024. MiCA, ratified on May 31, paves the way for a...

BitFlyer, a cryptocurrency exchange based in Japan, announced on Tuesday that it is introducing stringent measures against money laundering in compliance with the "Travel Rule" initiated by the global financial watchdog, Financial Action Task Force (FATF). The rules mandate sharing...

Japan is adopting enhanced measures to combat money laundering, notably, the "travel rule" advocated by the Financial Action Task Force (FATF). The regulation mandates Virtual Asset Service Providers, or VASPs, to share identifying details about the sender and recipient for all crypto...

Hong Kong's Securities and Futures Commission (SFC) has announced that it will start accepting applications for crypto trading platform licenses beginning June 1. The SFC's new guidelines aim to regulate the crypto industry and protect retail investors. According to the guidelines, licensed...

Amid a significant increase in crypto-related crime over the past four years, Eun Young Choi, the newly appointed head of the Department of Justice's (DOJ) cryptocurrency enforcement division, has pledged to fortify the crackdown on illicit activities in the digital asset sector. This...

The biggest cryptocurrency exchange in the world, Binance (CRYPTO: BNB), has come under heavy regulatory and public attention for a number of reasons, including claims that it continued to do business with clients in Iran despite U.S. sanctions. What Happened: The company's efforts to increase...