AML
Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules
NFTs, DeFi and outlawing privacy tools might be out, but for crypto firms, requirements for customer checks might be more stringent than for banks, policy watchers told CoinDesk.
EU Provisionally Agrees Tough Crypto Due Diligence Measures to Combat Money Laundering
Crypto firms have to do checks on transactions of 1,000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.
EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms
The European Banking Authority's new guidance for crypto firms will take effect on Dec. 30.
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass
Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress.
Crypto Provisions Dropped From 2023 U.S. Defense Bill
The military-linked bill is viewed as must-pass legislation, so lawmakers sometimes try to tack on other things to get them passed, too.
THORSwap, Used by FTX Exploiter, Resumes Trading After Updating Terms to Exclude U.S.-Sanctioned Countries
The platform's native token has risen by 10% after the exchange came back online.
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
Though the industry legislation has reached unprecedented heights, the wins may be too messy to open a path to the finish line this year.
Bipartisan Senate Bill Wants DeFi to Impose Bank-Like Controls on User Base
Some U.S. Senators are introducing a new bipartisan bill that would place stringent anti-money laundering (AML) requirements on decentralized finance protocols. The bill was introduced Wednesday by Sen. Jack Reed (D-R.I.) a member of the Senate Banking Committee. Mike Rounds (R-S.D.), Mitt Romney (R-UT) and Mark Warner (D-VA) are co-sponsors. "The Hash" panel discusses details from the description of the bill reviewed by CoinDesk and outlook on U.S. regulation within the crypto sector.
EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Says
The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets.
DeFi-Focused Startup Blue Comes Out of Stealth With $3.2M Raise
The firm offers products to help with know-your-customer and money-laundering checks.
