G20 to Establish Crypto AML and Counter-Terrorism Financing Regulations in June: Report

G20 member countries will meet to discuss international cryptocurrency Anti-Money Laundering (AML) regulation on June 8 and 9 in Fukuoka, Japan. The news was revealed in a report from local news outlet Kyodo on April 4. Per the report, and in accordance with official plans, G20 central bank governors and finance ministers will take part…

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US Treasury Official Calls on Crypto Industry Players to Combat Illicit Use of Crypto

The U.S. Department of the Treasury Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker urged crypto industry players and regulators to prevent the illicit use of cryptocurrencies in a speech Dec. 3. Speaking at the Financial Crimes Enforcement Conference on Dec. 3, Mandelker addressed the issue of mitigating risks related to emerging technologies, including…

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Estonia: Amendments to Anti-Money-Laundering Regulations Will Tighten Crypto Regulation

The Estonian Ministry of Finance will shortly add amendments to a recently-passed financial bill that are meant to “tighten” crypto-related regulation, Estonian financial newspaper Äripäev reports Nov. 28. According to the article, a new version of the Anti Money Laundering (AML) and Terrorist Financing Prevention Act came into force this week in Estonia, conforming legislation…

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Japanese Financial Watchdog Grants Self-Regulatory Status to Local Crypto Exchanges

Japan’s Financial Services Agency (FSA) has given the local crypto industry self-regulatory status, certifying the Japanese Virtual Currency Exchange Association (JVCEA) to oversee the space, Cointelegraph Japan reports Wednesday, Oct. 24. The FSA expects the self-regulatory body to set rules to protect customers’ assets, elaborate on anti-money-laundering (AML) policy, and give working guidelines to crypto…

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Shapeshift Moves to Membership Model Requiring User Information

Exchanges Non-custodial crypto trading platform Shapeshift has introduced a membership program which will soon be mandatory. CEO Erik Voorhees explains that his exchange will have to begin collecting basic personal information of its users, and there will be five membership levels. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Shapeshift Membership Mandatory…

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Canada Releases Official Draft of New Crypto Regulations Focused on KYC/AML

The Canadian government has released an official draft of new regulations on crypto exchanges and payment processors, Canada Gazette reports June 9. According to the draft, the new regulations seek to address a “number of deficiencies” that the Financial Action Task Force (FATF) outlined after their evaluation in 2015-16, namely in strengthening Canada’s Anti-Money Laundering…

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Bermuda Signs MOU with Blockchain Project Shyft for $10 Mln in Economic Development

The Government of Bermuda has recently signed a memorandum of understanding (MOU) with Shyft network which provides blockchain-based ID solutions for Know-Your-Customer (KYC) and anti-money laundering (AML) compliant data transfers, Shyft reported in a blog post May 15. NEWS: Shyft Signs MOU With The Government Of Bermuda, Pledges To Invest $10M In Education And Economic…

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