Cryptocurrency under regulatory spotlight as EU tightens AML controls
The European Parliament has passed stringent AML regulations affecting the crypto industry, mandating enhanced KYC and AML practices, with oversight...
Cryptocurrency
UK FCA Allocates 30% to Crypto Oversight in 2023
Last updated: May 2, 2024 02:03 EDT | 1 min read The UK’s financial watchdog dedicated nearly a third (30%)...
Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govt
Crypto firms were among those with the “greatest risk” of being exploited for money laundering, according to the United Kingdom’s top financial regulator.In a May 1 report, the U.K. Treasury concluded from data provided by the Financial Conduct Authority (FCA) that crypto-asset companies were among the top four kinds of firms that remained “particularly vulnerable” to financial crime, particularly for cases of money laundering between 2022 and 2023. Crypto firms were listed alongside retail banking, wholesale banking, and wealth management companies.Crypto-asset firms remain vulnerable to being exploited for money laundering....
17 blockchain startups to watch, according to VCs
Blockchain startups in Europe are showing signs of re-emerging after a harsh few years of experiencing funding downturns. The last two...
The biggest drops in Bitcoin’s price
After a historic surge in price, Bitcoin’s value dropped on Wednesday after the Federal Reserve announced that no adjustments would...
‘Bitcoin Jesus’ arrest raises concerns: ‘The U.S. is coming after crypto!’
After Sam Bankman-Fried and Changpeng Zhao, Roger Ver is under the radar of the U.S. government. Diverse reactions within the...
US Representatives Introduce Cryptocurrency Tax Clarity Bill
U.S. representatives Drew Ferguson and Wiley Nickel introduced legislation that provides more clarity on tax rules for cryptocurrency miners and...
Bitcoin Price (BTC) Bounces After Fed Holds Rates Steady
As expected, the Federal Open Market Committee of the U.S. Federal Reserve on Wednesday left its benchmark fed funds rate...
Crypto In Spotlight as UK FCA Unveils Money Laundering Report
The Financial Conduct Authority (FCA) has highlighted the potential for exploitation in the cryptocurrency sector for money laundering activities. In...
UK Treasury warns of money laundering risks via cryptocurrency
The UK Treasury presented a report on the department’s work over the past two years, highlighting the risks associated with crypto. In...
