The European Union (EU) is taking a proactive stance against money laundering in the cryptocurrency sector, implementing comprehensive anti-money laundering (AML) regulations. Starting in 2027, the new rules […]
EU Bans Anonymous Crypto by 2027: Impact on Trading, Compliance
The European Union (EU) is implementing a ban on anonymous cryptocurrencies and privacy tokens by 2027, aligning with stringent Anti-Money Laundering (AML) regulations. This landmark decision aims to […]
EU Bans Anonymous Crypto Accounts by 2027 – New AML Regulation
The European Union is implementing a sweeping Anti-Money Laundering (AML) regulation that will ban anonymous cryptocurrency accounts and privacy-preserving tokens by 2027. Under the new AML Regulation (AMLR), […]
Australia Cracks Down on Inactive Crypto Exchanges, Threatens Deregistration
Australia’s financial intelligence agency (AUSTRAC) is taking a stand against inactive cryptocurrency exchanges. The agency warns that these platforms could be deregistered to prevent criminal misuse of their […]
90% of Virtual Asset Providers Target Full Travel Rule Compliance by Mid-2025
A new report from Notabene reveals that 90% of surveyed virtual asset service providers (VASPs) are on track to achieve full compliance with the travel rule for anti-money […]
Binance Tightens KYC Requirements in India to Enhance Anti-Money Laundering Measures
To bolster its compliance efforts and rebuild trust with Indian regulators, Binance is implementing stricter Know Your Customer (KYC) requirements for users operating within the country. While the […]
AML & KYC in Crypto: A Case Study
Understanding the impact of AML and KYC regulations on the cryptocurrency industry is crucial. This article delves into the specifics of these protocols, exploring their role in preventing […]
Abu Dhabi Regulator Fines Hayvn Group $12.45 Million for AML Violations
The Abu Dhabi Financial Services Regulatory Authority (FSRA) has imposed a hefty $12.45 million penalty on cryptocurrency trading company Hayvn Group, following an investigation into their inadequate anti-money […]
Hayvn Faces $12.45 Million Fine from Abu Dhabi Authority: What It Means for Crypto Markets
The Abu Dhabi Global Market (ADGM) has imposed a significant financial penalty of $12.45 million on Hayvn and its former CEO, Christopher Flinos, for regulatory violations in the […]
Monerium Integrates Elliptic for Enhanced AML Compliance in Cross-Chain Stablecoin Ecosystem
Stablecoin issuer Monerium has expanded its compliance measures by partnering with blockchain analytics firm Elliptic to enhance real-time monitoring and anti-money laundering screening. This integration will enable Monerium […]
Block Lands $40 Million Settlement with NYDFS Over AML Concerns
Blockchain’s parent company, Block, has reached a $40 million settlement with the New York Department of Financial Services (NYDFS) to address alleged Anti-Money Laundering (AML) compliance failures. The […]
Navigating Crypto Compliance: Why It’s Crucial Now More Than Ever
In a rapidly evolving regulatory landscape, crypto compliance is no longer optional. With intensifying scrutiny from bodies like the FATF, SEC, and IRS, crypto projects and users alike […]
VBA Partners with ACAMS to Enhance AML Training in Vietnam
The Vietnam Blockchain Association (VBA) has announced a strategic partnership with the Association of Certified Anti-Money Laundering Specialists (ACAMS), marking a significant milestone for anti-money laundering (AML) training […]
Malta Fines OKX $1.2 Million for AML Violations
Malta’s Financial Intelligence Analysis Unit (FIAU) has imposed a hefty $1.2 million fine on OKX, the world’s leading cryptocurrency exchange, for AML non-compliance violations. This action follows an […]
OKX Faces $1.2M Fine Over AML Failures Despite MiCA Licensing
Cryptocurrency exchange OKX has been hit with a €1.1 million fine by Malta’s Financial Intelligence Analysis Unit (FIAU), marking another regulatory blow for the firm despite obtaining licenses […]