South Korea is taking a decisive step towards combating illicit crypto activity, introducing sweeping changes to its regulations in November 2025. The Financial Services Commission (FSC) has announced […]
South Korea Tightens Crypto AML Rules: Sub-$680 Transfers Face New Scrutiny
South Korea has intensified its fight against money laundering in the cryptocurrency space, targeting smaller transactions below $680 effective immediately. The Financial Intelligence Unit (FIU) and Financial Services […]
South Korea Tightens Crypto AML Rules with Sub-$680 Transfer Requirement
South Korea is implementing a significant crackdown on cryptocurrency money laundering, targeting transactions below 1 million won (about $680). This move comes in response to the growing use […]
Bithumb Shuts Down USDT Trading Market Amidst Anti-Money Laundering Probe
South Korea’s second-largest cryptocurrency exchange, Bithumb, has closed its USDT trading market following a regulatory investigation into anti-money laundering (AML) compliance. This closure came after the Korean Financial […]
Upbit Faces $25M Fine and Weighs Appeal After AML Violations
South Korea’s largest crypto exchange, Upbit, is facing a potential financial hit of $25 million from the Financial Intelligence Unit (FIU) for alleged AML and KYC violations. The […]
South Korea’s FIU Imposes Heavy Penalties on Crypto Exchanges for AML Failures
South Korea’s Financial Intelligence Unit (FIU) has issued penalties to major cryptocurrency exchanges, including Korbit, Gopax, Bithumb, and Coinone, following anti-money laundering failures identified during inspections. The action […]
South Korean Exchanges Face Heavy Fines for AML/KYC Violations
South Korea’s Financial Intelligence Unit (FIU) has penalized major crypto exchanges for failing to meet Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. The largest fines were […]
South Korean Crypto Exchanges Face Significant Penalties for AML Violations
Major crypto exchanges in South Korea are facing harsh penalties following a crackdown by the Financial Intelligence Unit (FIU). The FIU’s investigation uncovered significant Anti-Money Laundering (AML) compliance […]
Unregistered Crypto Exchanges in Canada: Fueling Money Laundering Risks
Canada’s crypto landscape is facing scrutiny over unregistered services that pose significant AML risks. Over 20 exchanges operating under inadequate oversight contribute to anonymous transactions, exposing the financial […]
Canada Fines KuCoin and TradeOgre for AML Violations: Implications for Crypto Market Compliance
Canadian authorities have levied significant penalties on two unregistered crypto exchanges, highlighting the growing regulatory focus on compliance in the crypto space. KuCoin was fined CAD 19.6 million […]
Hong Kong Tightens AML Controls for Virtual Trading Platforms
The Hong Kong Securities and Futures Commission (SFC) is stepping up its efforts to prevent money laundering within the virtual asset sector. A circular issued on November 17, […]
WeBank Launches Blockchain & AML Solutions in Hong Kong
WeBank is expanding its blockchain technology capabilities in Hong Kong with a new system focused on anti-money laundering (AML) solutions. This initiative, spearheaded by WeBank Technology Services Limited, […]
a16z Calls for Privacy-First Approach to U.S. Stablecoin Regulations
Andreessen Horowitz’s crypto policy arm, a16z Crypto, has submitted detailed comments to the U.S. Treasury urging regulatory innovation as it implements the GENIUS Act. They suggest that decentralized […]
Brazil Tightens Crypto Rules: New Framework Imposes Heavy Compliance on Exchanges and Stablecoin Issuers
Brazil’s central bank has implemented new regulations for the cryptocurrency industry, bringing exchanges and stablecoin issuers under anti-money laundering (AML) and counter-terrorism financing (CTF) oversight. The move marks […]
EU Imposes New Crypto Regulations: Cash Payments Limited Over €10,000
The European Union has introduced new anti-money laundering regulations for the cryptocurrency sector. These regulations will limit cash payments to a maximum of €10,000 and require identification verification […]