The IOTA Foundation has responded to the Financial Action Task Force (FATF) concerning their proposed amendments to anti-money laundering and combating financing of terrorism (AML/CFT) standards. The foundation […]
South Korea Approves Foreign Crypto Investments, with AML Emphasis
South Korea is taking a significant step towards opening its doors to foreign crypto investments. Following a year-long focus on strengthening its regulatory framework for the digital asset […]
South Korea To Open Crypto Market to International Investors: Focus on AML
South Korea aims to expand its cryptocurrency market to international investors, a move that hinges on new anti-money laundering (AML) regulations. The country’s financial regulatory body is exploring […]
AUSTRAC Tightens Crypto ATM Rules in Australia, Warning of Penalties
Australia’s crypto ATM landscape is facing increased scrutiny as the Australian Transaction Reports and Analysis Centre (AUSTRAC) launches a crackdown on non-compliant operators. A surge in crypto ATM […]
Block Inc. Negotiates AML Settlement With New York Regulators
Jack Dorsey’s Block Inc. is in talks with the New York State Department of Financial Services to resolve compliance issues related to anti-money laundering (AML) and its Bitcoin […]
OKX Pays $500 Million+ Over Unlicensed US Business, Facing Regulatory Fallout
Cryptocurrency exchange OKX has reached a settlement of over $500 million to address charges from the U.S. Department of Justice (DOJ) for operating an unlicensed money transmitting business […]