Regulation

Turkey is making significant strides to combat money laundering and terrorist financing by introducing new legislation on crypto-assets. The Finance Minister, Mehmet Simsek, revealed this move as part of the country’s efforts to elevate its status with the international crime watchdog, the Financial Action Task Force (FATF). Turkey was placed on the FATF grey list

The UK’s Financial Conduct Authority (FCA) recently issued a warning regarding Bitfinex, a cryptocurrency exchange. The FCA stated that Bitfinex may be promoting financial services or products without proper authorization, urging investors to avoid dealing with the firm. This article will delve into the details of the FCA warning and examine the implications for potential

The U.K. Treasury has recently unveiled its regulatory strategy for the crypto industry. The new approach will be implemented in multiple phases, with the first phase focusing on fiat-backed stablecoins. This article will delve into the details of the U.K.’s regulatory plan and analyze its potential impact on the crypto market. The initial phase of

Taiwan has recognized the need to regulate its growing virtual asset market and has taken a significant step towards achieving this goal. The introduction of the “Virtual Asset Management Regulations Draft” is designed to establish a comprehensive regulatory framework for the country’s crypto industry. With the exponential growth of virtual assets in Taiwan, it is

In a recent case against LBRY, Hester Peirce, a commissioner for the U.S. Securities and Exchange Commission (SEC), expressed her dissenting opinion on the agency’s actions. LBRY Inc., the company behind the LBRY blockchain and content-sharing network, decided not to appeal its loss in the case and instead announced that it would shut down and

U.S. lawmakers are increasing their pressure on the Justice Department to launch an investigation into Binance and Tether. Senators and Representatives are urging Attorney General Merrick Garland to take decisive action if the firms are found to be complicit in facilitating illicit financing, including support for terrorist groups such as Hamas. This latest move comes

The Financial Conduct Authority (FCA) in the U.K. has recently raised concerns over widespread non-compliance among cryptocurrency firms with its new promotion requirements. These requirements, which were implemented on October 8, aim to protect investors by urging companies to warn users about the potential risks associated with investing in certain crypto products. However, the FCA

The conversation surrounding spot Bitcoin exchange-traded funds (ETFs) continues to gain momentum, with major asset managers like BlackRock and Fidelity now joining the race. SEC Commissioner Hester Peirce provided valuable insights into this development in a recent conversation with CNBC on October 23. While acknowledging the growing interest from firms and investors, Peirce urged caution

Hong Kong’s Customs and Excise Department is taking a closer look at the regulatory measures surrounding cash-for-crypto shops in an effort to address the money-laundering risks associated with these establishments. This decision came after the police arrested several store owners who were allegedly involved in a $192.7 million fraud concerning the JPEX crypto exchange. Traditionally,

The Federal Bureau of Investigation (FBI) has recently filed charges against six individuals for their involvement in an unlicensed money-transmitting business that utilized cryptocurrencies as a tool for money laundering. This article delves into the details of the case, highlighting the methods employed by the accused individuals and the implications of their actions. The accused