Search
Japan's FSA asks cryptocurrency industry group to introduce FATF travel rule
1.4.2021
Japan has been a member of the FATF since 1990
New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs
24.3.2021
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets....
South Korea faces strict crypto regulation and fears of centralization
24.3.2021
The growing cost of compliance in South Korea could push smaller crypto businesses out of the country
Fiancial Sector Players Call for Improved KYC Regulations
23.3.2021
Conventional financial service and banking providers have called for improved know-your-customer (KYC) protocols in a bid to build a more powerful digital environment for the world of finance – and want to collaborate with innovative partners on sandbox projects.
Today, in a Bank for International...
Experts say new South Korean crypto rules will create a monopolized market
23.3.2021
Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators' new requirements
CZ responds to reports of Binance investigation: story has no "teeth"
12.3.2021
The Binance CEO vigorously defended the company's KYC/AML practices, dismissing reports of an investigation
Korean crypto exchanges could soon face fines for gaps in due diligence measures
10.3.2021
South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges
Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures
9.3.2021
The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering
BitGo receives trust license from New York regulators
4.3.2021
Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state
SEC’s Division of Examinations issues Risk Alert on digital assets
26.2.2021
The Risk Alert seemed to take particular aim at broker-dealers, who have been "inadequate" in their AML compliance
Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%
6.2.2021
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that...
Merging traditional finance and DeFi is critical for mass adoption
4.2.2021
If we want to achieve mainstream adoption, we must move toward an industry where DeFi can also serve legacy financial institutions
Dutch Bitcoin Exchange Files Preliminary Injunction to Suspend Wallet Verification Rule Enacted by the Netherlands
29.1.2021
A Dutch bitcoin (BTC) exchange has filed a preliminary injunction at a court in Rotterdam to suspend the central bank’s additional wallet-verification requirements. Bitonic seeks to challenge the new rules enacted by the De Nederlandsche Bank (DNB) on Sept. 21, 2020. Dutch Exchange Argues...
A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection
29.1.2021
During the last two years, there’s been a lot of interest in Facebook’s cryptocurrency diem (formally libra) and rumors of a nearing launch date went viral last November. Now the social media giant is advertising the crypto asset’s pre-sale heavily on the platform, as people...
US Court Sentences ICO Fraudster to 6 Months in Jail: Orders the Accused to Pay Over $4 Million in Restitution
29.1.2021
A U.S. court has sentenced Jerry Ji Guo, a resident of San Francisco, to an effective six months in prison for his role in a fraudulent initial coin offering (ICO). In addition to the prison term, the court ordered Guo to pay over $4 million in restitution. Further, Guo will also cooperate with...
Dutch Bitcoin Exchange Takes Central Bank’s KYC Requirements To Court
27.1.2021
Dutch bitcoin (BTC) exchange Bitonic has filed for a preliminary injunction at a Rotterdam court in a bid to suspend a wallet verification rule enacted by the De Nederlandsche Bank (DNB), the country’s central bank. The platform said its decision is motivated by the fact that the imposed know your...
Dutch Bitcoin exchange drags central bank to court over wallet KYC rule
27.1.2021
One Dutch Bitcoin exchange has taken legal action against the central bank over its controversial crypto wallet verification law
Bitstamp crypto exchange users bemoan additional KYC requirements
26.1.2021
Bitstamp traders based in the Netherlands now have even more regulatory hoops to scale before being able to withdraw their funds
DMEX Integrates xDAI for Cheap Decentralized Perpetual Contracts With up to 100x Leverage and No KYC
22.1.2021
PRESS RELEASE. In response to rising gas prices during the last weeks, DMEX has moved its trade processing to xDAI sidechain that allows for much cheaper transaction recording. Customer funds are still stored on an Ethereum smart contract, the trade recording, however, is now performed on xDAI....
Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages
22.1.2021
The Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems. Crypto Exchange Suffered Three Massive...