Innovate some compliance mechanisms, US Treasury official tells DeFi community
Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and DeFi should program in some compliance.
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Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and DeFi should program in some compliance.
A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user's IP address information.
The operators face an obligation to store the transactions’ data for ten years and pass it to regulators on demand.
Brian Armstrong said centralized firms have a responsibility to monitor transactions and carry out Anti-Money Laundering checks.
Part of the FATF's ‘Travel Rule’ includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions.
The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance.
BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle…
The senators have created a harsh, sweeping bill to clean up crypto’s AML/KYC act that will benefit from further discussion in the next Congress.
Binance has faced compliance warnings from many countries over the past couple of years, but it managed to overcome those shortcomings in most nations barring the U.S.
A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.