Singapore ups crypto exchanges risk factor in update to AML/CFT laws

The update aims to prevent terrorist groups and organizations from exploiting Singapores economic openness as an international financial, business and transport hub.

View Details

Nigeria urged to adopt crypto regulations inspired by Europe

Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity.

View Details

Chainalysis will help Tether monitor secondary market for illicit activity

The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information.

View Details

Binance exec denied bail in Nigeria money laundering trial

Head prosecutor Ekele Iheanacho objected to bail by highlighting Gambaryans questionable attempt to get a new passport, allegedly due to a stolen previous one.

View Details

Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry

Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that the Financial Action Task Force (FATF) is slated

The post Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry appeared first on BTC Ethereum Crypto Currency Blog.

View Details

Binance Turkey fined 8M lira for non-compliance against money laundering

MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law.

View Details

DeFi: Who, what and how to regulate in a borderless, code-governed world?

The decentralized, disintermediated and borderless blockchain networks challenge regulators, but DeFi is the future of finance. Hold onto your hats, boys and girls! It’s a new world — a financial system without intermediaries, that anyone can access 24 hours a day with only a mobile phone and a wallet! As Julien Bouteloup said to me: “In… More

The post DeFi: Who, what and how to regulate in a borderless, code-governed world? appeared first on BTC Ethereum Crypto Currency Blog.

View Details

Binance Faces Lawsuit Over Alleged Support for Hamas in Israel Attack

Three families of victims from the Hamas attack on Israel have filed a lawsuit against Binance, its former CEO Changpeng Zhao, Iran, and Syria, alleging their support for terrorism. The suit claims these parties provided substantial assistance to Hamas, spotlighting the challenges of regulating cryptocurrency in combating terrorism financing. (Read More)

View Details