LocalBitcoins closing trader accounts without warning
The closures have so far been isolated to LocalBitcoins accounts in Africa, the Middle East, and Asia.
The closures have so far been isolated to LocalBitcoins accounts in Africa, the Middle East, and Asia.
The International Monetary Fund has told the central bank of the Philippines to begin collecting data from local crypto exchange users.
The Senate is concerned that forcing all Australian people away from cash may push unlawful criminal activity into alternative methods like cryptocurrencies.
The cryptocurrency exchange has frozen funds of one of its traders after he attempted to withdraw tokens into a privacy wallet.
Westpac has failed to monitor money laundering and terrorism financing risks for movement of funds into and out of Australia.
The 5MLD will require Simplecoin to implement and adhere to several anti-money laundering and know-your-customer policies.
The 5MLD are an expansion of current AML/CTF regulations into the cryptocurrency space, and were designed to protect against potential abuses of the technology by criminal actors.
U.S. Undersecretary for Terrorism and Financial Intelligence Sigal Mandelker believes that crypto companies do not pay enough attention to implementing procedures that can deter criminal activities.
Malta’s regulator wants to be more proactive in preventing money-laundering.
The Czech Republic is expected to enforce far stricter oversight of cryptocurrencies than is required according to laws created by the European Union.
Maj Gen Preecha Charoensahayanon believes Thailand needs to focus on crypto money laundering, as its proving popular for criminals.
The licenses, issued by the Federal Financial Supervisory Authority, will become a legal requirement for cryptocurrency businesses from January 2020.