anti-money laundering

House Republicans are proposing new draft legislation that would limit the Securities and Exchange Commission's (SEC) jurisdiction over payment stablecoins. The proposed bill shifts the oversight of stablecoins to federal and state bank and credit union regulators, The Block reported. The move...

Stablecoin giant Circle Internet Financial Ltd. is set to establish its European headquarters in Paris, citing the favorable cryptocurrency environment created by President Emmanuel Macron’s government as instrumental in the decision. Circle CEO, Jeremy Allaire, stated in an interview...

The International Monetary Fund (IMF) called for a coordinated global response to the risks posed by crypto assets. What Happened: In a board paper, the IMF set out a framework of nine elements to guide members in developing a comprehensive, consistent and coordinated policy response. The...

Hong Kong's securities watchdog, the Securities and Futures Commission (SFC), has proposed a policy that will allow retail investors to trade in large-cap cryptocurrency tokens, such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), through licensed virtual-asset platforms. This move aims to...

Celebrated in 2019 as the first acquisition in the Indian crypto space, the relationship between the two entities is now in question as the Enforcement Directorate (ED) has frozen funds of cryptocurrency exchange WazirX. While the world’s largest crypto exchange by trading volumes...

A day after the Indian Enforcement Directorate (ED) froze assets worth $8.1 million of cryptocurrency exchange firm WazirX as part of a money laundering probe, a Twitter war has broken out between the exchange’s founder Nischal Shetty and Binance CEO Changpeng Zhao, with both claiming that...

The Enforcement Directorate (ED), tasked by the Indian government to probe major financial crimes, announced Friday it had frozen assets worth $8.1 million of cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud. WazirX Transferred Laundered Money to...

Binance (CRYPTO: BNB) announced it will be taking firm measures to optimize the company’s security and protect users. What Happened: As per Binance’s recent announcement, users must undertake a three-step verification process to be considered verified Binance customers. The first...