The decentralized, disintermediated and borderless blockchain networks challenge regulators, but DeFi is the future of finance.
Counter Terrorism Financing News
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A decentralized exchange reckoning is coming — and it’s bigger than the infrastructure bill — thus, the DeFi community must be ready.
6753Coinfirm said it would be able to provide the same AML/CFT analytics for assets minted on Cardano, a number that may grow as the project prepares to expand to smart contracts.
16143The rise of DeFi improves financial inclusion and should be allowed to flourish in a regulated, and thus protected, environment.
7508The decentralized industry has to spend additional resources to raise its standards and implement cybersecurity best practices.
3951Any overseas activity outside Korea that has domestic effects or consequences shall be subject to the amended crypto regulation.
3080Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space.
2638FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs.
2762The Financial Conduct Authority has warned U.K. consumers of dealing with 111 unregistered crypto firms, calling it “a very real risk.”
10354Evidence suggests crypto’s role in terrorism remains relatively minor: “It has not yet become a primary means of terror financing.”
10046Agustín Carstens has called for cryptocurrencies to be subject to more regulations while arguing that virtual currencies have not made a significant dent in global finance.
5557The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering.
7126The Financial Action Task Force is looking to adapt its guidance standards for stablecoins and crypto peer-to-peer transactions.
7358Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong.
20420U.S. Anti-Money Laundering and Combating the Financing of Terrorism laws: Where will these updates lead the crypto space?
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