Coinbase's UK arm, CB Payments Limited, was fined $4.5 million by the FCA for breaching a voluntary agreement to prevent onboarding high-risk customers.
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Cryptocurrency transaction monitoring is vital to ensure compliance with regulations, and maintaining the credibility and security of digital financial systems.
Artur Schaback, co-founder of Paxful Inc., pleads guilty to failing AML compliance, highlighting the critical need for robust KYC protocols in the cryptocurrency industry.
The Bank of Russia recommends businesses use cryptocurrencies and digital assets to navigate Western sanctions and facilitate international payments, marking a significant policy shift.
Silvergate agrees to a $63 million settlement with U.S. and California regulators over internal management failings and misleading investor disclosures.
FINTRAC has fined Binance $4.4 million for failing to comply with AML and CFT regulations.
Blockchain technology revolutionizes the fight against money laundering, enhancing financial security with its transparent and secure decentralized ledger.
A melding of technical developments and regulatory faults shook the global financial and political landscapes in 2023
Malta's emergence as a crypto-friendly jurisdiction, its regulatory framework for cryptocurrencies, and the role of tax policies in attracting cryptocurrency businesses and investors.