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UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval
5.9.2024
The FCA approved only four of the 35 applications it received in the year ended March 31
Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds
30.8.2024
The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices....
Binance CEO Teng Rejects Allegations the Exchange Froze All Palestinians' Funds
28.8.2024
The crypto exchange complies with anti-money laundering legislation, he said
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
20.8.2024
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019.
Binance Goes Live in India: Full Access for Indian Users
17.8.2024
Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have...
Bybit receives VASP, card operator registration in Argentina
16.8.2024
Bybit’s registration as a Virtual Asset Service Provider was made possible by a law passed in July
Bybit receives VASP, card operator registration in Argentina
16.8.2024
Bybit’s registration as a virtual asset service provider was made possible by a law passed in July
Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance
8.8.2024
The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in...
Binance Hit With $87 Million Tax Bill in India
6.8.2024
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned...
French regulator accepting CASP applications ahead of MiCA rollout
2.8.2024
The AMF is giving firms registered under its current DASP rules ample time to transition, too
Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors
2.8.2024
India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed
Coinbase's CBPL Fined $4.5M by UK Regulator for Money Laundering Lapses
25.7.2024
Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said
Cyprus calls for collective crackdown against crypto terror financing
10.7.2024
The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime
Crypto exchanges subject to EU Travel Rule in 6 months
5.7.2024
New EU regulations mandate crypto exchanges to comply with Travel Rule Guidelines, enhancing AML/CFT measures starting Dec. 30
Singapore ups crypto exchanges risk factor under new law update
2.7.2024
The update aims to prevent Terrorist groups and organizations from exploiting Singapore’s economic openness as an international financial, business, and transport hub
Hawaii crypto firms no longer need MT license, regulator rules
1.7.2024
While being exempt from the Money Transmitter License requirement, crypto firms in Hawaii will still have to comply with any federal licensing laws
ECOWAS urged to adopt crypto rules like Europe’s MiCA
30.6.2024
Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity
Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank Says
24.6.2024
According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and cryptocurrencies. To mitigate these risks, the Monetary...
Binance fined $2.25M by India’s financial intelligence unit
20.6.2024
India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records
North Dakota latest US state to revoke Binance.US license
19.6.2024
North Dakota’s Department of Financial Institutions Commissioner pointed to Binance’s money transmitter and AML convictions to make its case