Globally, less than 30% of jurisdictions have started regulating the crypto sector as of June 2023, the Financial Action Task Force (FATF) President T. Raja Kumar told CoinDesk in an interview from Singapore.
Justin Sun Says Hong Kong’s New Licensing Regime Could Shift Policy in Mainland China, Eventually
In the interim, if granted the VASP license, the Tron founder says Houbi will launch a new exchange, Huobi Hong Kong, so as to comply with regulators.
First Mover Asia: Bitcoin Opens the Week Testing $25K
Also: Hong Kong will unveil its new crypto licensing framework for Virtual Asset Service Providers in June, but the regulation will not allow retail investors to trade digital, contrary to what a recent tweet suggests. The regulation focuses on accredited, professional investors.
Ukraine passes legislation to recognize and regulate crypto
Ukraine is hoping its new digital asset regulations will attract foreign crypto exchanges to set up shop in the Eastern European nation.
‘Evil VASP’ Simulation Preps Crypto Exchanges for FATF Travel Rule
Backed by CipherTrace, TRISA looks to get virtual asset service providers (VASPs) ready for new anti-money laundering rules.
BitMEX Introduces Data Storage Framework for FATF’s Travel Rule
Compliance chief Malcolm Wright led the development of BitMEX’s data storage principles for crypto exchanges.
BitMEX Introduces Data Storage Framework for FATF’s Travel Rule
Compliance chief Malcolm Wright led the development of BitMEX’s data storage principles for crypto exchanges.
South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change
South Korea’s top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.
Identity Startup Notabene Launches Exchange Tool for FATF Travel Rule Compliance
A Financial Action Task Force (FATF) meeting this week is proving to be a popular time for industry players to launch compliance-minded tech solutions.
Crypto Firms Establish Messaging Standard to Deal With FATF Travel Rule
Crypto firms will get help complying with anti-money laundering regulations, thanks to a new messaging standard released today.
CipherTrace’s New Crypto Tracing Tool Is Meant for Banks
CipherTrace is rolling out a toolkit to help banks flag accounts and crypto-related transactions that may be suspicious.