Lenders and money service businesses, including digital asset exchanges, had the poorest understanding among financial institutions, according to the Financial Action Task Force report.
Georgia’s central bank is working with the IMF on the regulations, which will include registration of VASPs, compliance testing, and AML control requirements.
Two EU Parliamentary Committees have approved draft legislation to allow greater traceability and monitoring of blockchain wallet transactions that some say contain "red flags" for privacy.
All South Korean exchanges now adhere to the FATF Travel Rule, with transfers above $821 being flagged as DeFi and NFT traders expect to feel the heat.
The Hong Kong government intends to amend the AML and CFT regulations to recognize exchanges legally but plans to limit the platforms’ services only to qualified investors.
Bitcoin SV Technical Standards Committee released the latest Travel Rule Specification covering FATF compliance and regulation for public review.
Sec. Yellen agrees with the FinCEN statement that entities providing ancillary services like manufacturers, developers, and miners shouldn't be subjected to Money Service Business registration.
The updated guidance paves the way for law enforcement officials and government agencies to regulate the blockchain and digital asset industries, while also addressing DeFi and stablecoins.
The final day of the CoinGeek Conference in New York saw Bitcoin Association Founding President Jimmy Nguyen moderating a panel titled, “Investigating Criminal Activity on the Blockchain.”
The Financial Services Commission in South Korea has issued a decree that bars staff members of any digital currency exchange from trading their own tokens.
The Dutch central bank has taken a U-turn on KYC and AML requirements it had imposed on digital asset providers, after the court directed it to consider the objections raised by the Bitonic exchange.