UK crypto businesses to comply with FATF Travel Rule beginning in September
The U.K. passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto.
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Binance applies for Taiwan AML compliance: Report
The world’s leading crypto exchange by trading volume has reportedly applied to register in Taiwan under the new AML compliance.
Crypto debanking could drive industry underground: Australia Treasury
The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams.
IMF envisions ‘new class’ of cross-border payment platform with single ledger
The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs.
AML rules for digital assets to come into effect in UAE
The licensed financial institutions would be required to verify the identities of all customers.
BitFlyer adopts crypto deposit limits to comply with Travel Rule
While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask.
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
Federal Reserve’s FedNow will integrate with Metal Blockchain
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
Estonia squeezes out 400 crypto firms after new laws
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans.
New White House standards strategy could have implications for crypto industry KYC
The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID.