Hong Kong's stablecoin licensing regime takes effect, requiring issuers to get approval from the Monetary Authority, comply with AML protocols, and more
Also, the British weirdness where bank notes are printed by specific banks, rather than government, really needs to end. [embedded post] Forums: r/ethtrader : Hong Kong Kicks Off Stablecoin Licensing...
Sources: Binance asked the US Treasury last month to loosen oversight on its AML compliance, after Binance entered into deal talks with Trump's crypto venture
Executives for the cryptocurrency exchange met with Treasury officials last month after the company entered into talks with a Trump family venture
The US Treasury warns that DeFi services that aren't compliant with AML and terrorist financing rules pose “the most significant current illicit finance risk”
US Treasury Damilola Lawrence / Cryptopolitan : U.S Treasury report reveals how North Korea and criminals use DeFi services to facilitate money laundering Florence Muchai / Cryptopolitan : US Treasury...
The US Treasury warns that DeFi services not compliant with AML and terrorist financing rules pose “the most significant current illicit finance risk”
The department's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime.
The US OCC says Anchorage Digital, the first US chartered digital asset bank, failed to adopt a BSA/AML compliance program and has “begun corrective action”
The company must appoint a compliance committee and hire a Bank Secrecy Act officer.
Global money laundering watchdog FATF releases guidelines that could force crypto companies to check customers' identities and report suspicious transactions
at best—suppressed. https://www.fatf-gafi.org/... Patrick Hansen / @paddi_hansen : 1/ There it is: the FATF has updated its guidance for #Crypto and #DeFi. It seems the FATF wants to impose its concep...
Sources: Biden administration is considering ways to impose bank-like regulation on stablecoin issuers, including prodding them to register as banks
but FSOC not preferred outcome https://www.wsj.com/... @kirindave : The degree to which this would simply annihilate so many stable coins is perhaps not well understood. “Getting a bank charter” is a ...
Facebook announces plans to launch Libra, a new cryptocurrency, and Calibra, a newly formed Facebook subsidiary to oversee financial services for Libra
The internet has changed nearly every aspect of our lives … Matt Levine / Bloomberg : Facebook Will Make the Money Now — Also cheating on tests and renting Buffett's house. Kari Paul / The Guardian ...
Cryptocurrency exchange Binance partners with crypto compliance software provider Chainalysis to improve its detection of suspicious transactions
William Suberg / Cointelegraph : Tweets: @cointelegraph Tweets: @cointelegraph : Binance turns to Chainalysis to ease AML/KYC compliance obligations http://cointelegraph.com/...
European org urges Apple to support Advanced Mobile Location on iPhones, which gives more accurate locations of emergency calls and is supported on Android
Despite being relatively easy, Apple keeps ignoring requests to enable a feature called Advanced Mobile Location (AML) in iOS.