South Korea’s fight against cryptocurrency-related money laundering has intensified with the implementation of new anti-money laundering (AML) regulations. The government is specifically targeting smaller transactions, aiming to close […]
Coinbase Pays $24.7 Million Fine for Transaction Monitoring Flaws
Coinbase Europe Limited, the European arm of US crypto exchange Coinbase, has settled a significant $24.7 million fine imposed by the Central Bank of Ireland. This penalty stems […]
Coinbase Challenges US Treasury on Outdated AML Rules for Cryptocurrencies
Coinbase has escalated its push against outdated U.S. regulations governing cryptocurrency, urging the Treasury Department to adopt AI-driven compliance tools and explore regulatory sandboxes. The company believes existing […]
UK Tightens Crypto Rules: Anti-Money Laundering Measures Proposed
The United Kingdom’s financial landscape is undergoing significant transformation as the government seeks to tighten regulations surrounding cryptocurrency. The UK Treasury has recently proposed new AML (anti-money laundering) […]
Kazakhstan Unveils Plan for Crypto Banks: A Regulatory Push for Digital Assets
Kazakhstan is taking a bold step toward establishing a robust digital asset ecosystem by launching crypto banks. This move aims to regulate the growing cryptocurrency sector and foster […]
OKX Fined $1.2 Million for AML Violations in Malta
The Financial Intelligence Analysis Unit (FIAU) of Malta has imposed a €1.1 million ($1.2 million) penalty on OKX cryptocurrency exchange for serious anti-money laundering violations. The fine stems […]
OKX Affiliate Pleads Guilty to Money Laundering Violations, Faces $500 Million Fine
Aux Cayes FinTech Co., Ltd., an affiliate of OKX, has admitted guilt for operating an unlicensed money-transmitting business in the US, as part of a settlement with the […]