Zebec Network, a decentralized real-time payment platform, has acquired Gatenox, a company specializing in KYC, KYB, and AML compliance for digital identity infrastructure. This acquisition will bring native […]
Binance Settles AML Charges, CEO Resigns Amid Regulatory Crackdown
Binance has reached a $4.3 billion settlement with U.S. authorities to address Anti-Money Laundering (AML) compliance violations. The move led to the resignation of CEO Changpeng Zhao amidst […]
AUSTRAC Caps Crypto ATM Transactions to Combat Illegal Activity
Australia’s financial regulator, AUSTRAC, is implementing a new limit on cash transactions at crypto ATMs nationwide by late 2024. This move aims to curb illegal activities associated with […]
Australia Tightens Crypto ATM Rules to Combat Fraud
To curb scams and enhance anti-money laundering compliance, Australia has imposed new operating rules on crypto ATM operators. These rules include a daily cash deposit and withdrawal limit […]
South Korea Tightens Crypto Regulations Ahead of Foreign Investment Opening
South Korea’s Financial Services Commission (FSC) will impose stricter AML and KYC requirements starting May 2025 as the country prepares to open its cryptocurrency market to international investors. […]
IOTA Foundation Proposes Web3-Compatible AML Regulations in Australia
The IOTA Foundation has voiced its commitment to collaboration with Australian regulatory bodies on crypto compliance initiatives. As the cryptocurrency market continues to grow, regulation is evolving alongside […]
Australia Tightens Crypto Regulations: AUSTRAC Proposes New Rules
Australia’s Financial Transaction and Crime Authority (AUSTRAC) has proposed new regulations for crypto transactions, aiming to enhance oversight against money laundering and illicit activities. Key changes include stricter […]
Cointree Faces $75K Fine for Delayed Suspicious Activity Reports
AUSTRAC, Australia’s financial intelligence agency, has penalized cryptocurrency exchange Cointree $75,120 for failing to report suspected illicit activity promptly. The penalty highlights the regulatory pressure on crypto exchanges […]
AML Bot Vulnerabilities Enable Criminal Organizations to Evade Asset Tracking, Reports Show
Security vulnerabilities within the anti-money laundering (AML) tool AML Bot are being exploited by criminal organizations to evade asset tracking, according to reports from PANews and other sources. […]
Upbit Faces Temporary Onboarding Ban Amidst Regulatory Scrutiny
South Korean cryptocurrency exchange Upbit has been temporarily restricted from onboarding new customers due to regulatory pressure from the Financial Intelligence Unit (FIU). This action is aimed at […]
Indian Crypto Exchanges Ordered to Track Transactions from J&K – 2025
India has mandated cryptocurrency exchanges to monitor transactions originating from or linked to the Indian state of Jammu and Kashmir (J&K), aiming to combat illicit activities in the […]
DOJ Requests Victims Submit Claims for AML Bitcoin Scam By June 5
The U.S. Department of Justice and the Federal Bureau of Investigation (FBI) are urging victims of the AML Bitcoin cryptocurrency scam by Rowland Marcus Andrade to submit claims […]
EU Enforces Stricter Anti-Money Laundering Rules on Cryptocurrencies
The European Union is introducing stricter anti-money laundering regulations for cryptocurrencies, effective July 1, 2027. This new regulation will ban financial institutions from providing anonymous crypto accounts or […]
EU Enacts Stricter Anti-Money Laundering Rules for Cryptocurrencies
The European Union has implemented a new regulation, the Anti-Money Laundering Regulation (AMLR), which will become enforceable on July 1, 2027. This new rule prohibits financial institutions from […]
EU Sets Deadline to Ban Anonymous Crypto in 2027
The European Union has mandated a ban on anonymous cryptocurrencies by July 2027, as part of efforts to combat money laundering. This regulation aims to significantly reduce the […]