Thailand’s Anti-Money Laundering Office (AMLO) is looking to expand its powers to allow for seizure of digital assets.
Contrary to drug and trafficking scares against cryptocurrencies, U.S. Drug Enforcement Agency special agent Lilita Infante says criminal activity only makes up around 10% of transaction volume, while the majority were from speculators.
US Congress filed a bill that would enable Financial Crimes Enforcement Network (FinCEN) to oversee the cryptocurrency space in order to report how digital currency could be used for money laundering, terrorism or other illicit activities.
During its meeting in Buenos Aires, the G20 forum set out plans to put the cryptocurrency sector under anti-money laundering (AML) standards.
EU's new set of rules creates stricter requirements relating to transparency that target “anonymous payments through prepaid cards [and] virtual currency exchange platforms.”
BitFlyer CEO Yuzo Kano and Bit Bank CEO Noriyuki Hirosue tendered their resignations after both exchanges received the orders.
FSA will be issuing its now-famous business improvement orders to at least five different exchanges, in a bid to ensure the companies comply with anti-money laundering regulations.
Crypto businesses in Canada will be required to cooperate with current regulations that require reporting large transactions of more than US$7,700, among others.
These new rules are intended to drastically reduce anonymity for both users as well as activities, including cryptocurrency-related transactions, in the European Union.