India is reportedly working on finalizing the crypto regulations after years of wait and brainstorming. A report from Economic Times suggests that the Indian government would reportedly regulate cryptocurrencies as an asset class such as Gold and Bonds. While this might seem like great progress for a country that was planning to impose a blanket
9 crypto money laundering culprits were sentenced to a decade in jail time and Dh10 million in fine, each by a criminal court in Abu Dhabi. Along with the individuals, over 6 companies have also been proven guilty of crypto money laundering allegations. The racket accumulated a total of Dh18 million in stolen funds from
Korean Watchdog, the Financial Services Commission (FSC) announced that any Foreign Cryptocurrency exchanges focused on Korean investors, must follow the Anti Money Laundering (AML) guidelines, and register with South Korea’s anti-money laundering body. The failure to do so shall result in a ban from operating in Korea and criminal charges, along with a hefty fine.
EU’s Anti-Money Laundering (AML) proposal has incorporated a cryptocurrency clause under its third regulation. The Commission’s legislative proposal for crypto is responsible for regulating crypto-assets service providers. This clause also extends to transfers in crypto assets, for instance on Bitcoin (BTC) transfers there shall be a mandatory requirement to provide information on the originator and
FinCEN has finally extended the period for public comment on its newly released AML regulations for virtual asset service providers after heavy backlash from people for technically prohibiting them from commenting on the proposed regulations. The press release by FinCEN notified that they are reopening the comments period by 15 days for its reporting requirements, and