Bithumb digital currencies exchange has integrated the Reactor investigation tool from Chainalysis to scrutinize transactions more and comply with new laws
Australia’s financial watchdog has seen a hugely positive response since new crypto regulations began in April 2018.
The FCA has assumed more oversight responsibility in the crypto industry, including becoming the KYC and AML enforcer. Companies will need to be licensed afresh.
France has implemented new rules which will see crypto firms report to the regulator on their security practices, AML guidelines, data protection and more.
While several billion dollars’ worth of cryptocurrency has been lost to thievery this year, that's still far less than the amount scammed in fiat.
Outside of the previously lightly regulated cryptocurrency ecosystem, the guidance is essentially the application of FATF’s operative guidance called the “travel rule” for traditional financial institutions towards crypto businesses.
Sanae Takaichi has confirmed that cryptocurrency donations are legal in Japan, clarifying what had been seen by many as a grey area of crypto and campaign finance laws.
Know-Your-Customer data, including personal photos to verify identities, of thousands of Binance users may have been sent out into the wild.
Three companies are combining to create a KYC blockchain system which they hope will be done by the end of 2020.
There have been those who believe cryptocurrency is nothing more than a toy and have developed crypto projects that will be forced into oblivion for their lack of cohesion with international policies and standards.
The ATM had been installed by crypto ATM distributor Amhora, but it now appears that local regulators didn’t approve of the absence of KYC guidelines and ordered the teller removed.