The governor of the State Bank of Pakistan believes that a state-back digital rupee can bring two-fold benefits to the country.
Nigerian fintech startups, including those in the digital currency sector, have been relying on the bank verification number (BVN) as a primary know-your-customer (KYC) and anti-money laundering (AML) tool.
Marathon promises to ensure the transactions processed by its pool satisfy regulatory requirements by using "Blockseer pool technology" licensed by DMG Blockchain, enabling transfers to be filtered.
Senior officials in South Korea have approved measures that will introduce a raft of new anti-money laundering provisions for digital currency companies.
The revised guidance comes after a 12-month review of the initial release, which found that some jurisdictions’ AML and CFT regimes with respect to digital assets were still underdeveloped or not developed at all.
Ireland will impose anti-money laundering and countering the financing of terrorism requirements for digital currency firms starting April 2021.
Russian President Vladimir Putin wants the country’s law enforcement agencies to focus more on the digital currency industry, which he believes is being used increasingly by “criminal elements.”
The Financial Services Commission has brought forward a new structure of penalties for exchanges that fail to properly implement anti-money laundering measures.
The new measures include enhanced Know-Your-Customer verification processes, as well as the introduction of new specialized blockchain intelligence technologies.
A New Jersey watchdog has recommended the quick implementation of regulation to govern digital currency ATMs in the state.
It looks like Michael Saylor, the chairman, president and CEO of MicroStrategy, does not quite understand how Bitcoin works.