Crypto Reckoning? US Banks Urge Stricter AML And Sanctions Rules–Industry Pus...
A renewed push to tighten anti–money laundering (AML) and sanctions requirements in the United States has sparked a fresh debate between traditional banking advocates and crypto policy leaders. The latest round of attention comes from the Washington, DC-based Bank Policy Institute (BPI), which released a new report titled “Time for a Reckoning on AML and […]
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During a recent congressional hearing on climate change, Senator Sheldon Whitehouse, member of the Democratic Party, delivered a message regarding the alleged environmental impact of crypto mining. He asserted that the industry is exacerbating climate issues and cautioned that a reckoning is on the horizon. Calls For Accountability In Crypto And AI In April, Senator […]
The Infrastructure Investment and Jobs Act was received with resistance from Bitcoiners, but still passed — when will the reckoning occur?
Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to strengthen transactions monitoring this month.
Government of Japan to Close Loopholes for Russians in Crypto Space
Amid concerns that Russia and its elites may employ cryptocurrencies to circumvent international sanctions, Japanese authorities are going to stiffen regulations for cryptocurrency exchanges. The platforms will be....
The United States has intensified its efforts to disrupt North Korea’s clandestine financial networks by imposing new sanctions on individuals and institutions accused of facilitating the laundering of crypto linked to cyberattacks. Crypto To Support Nuclear Initiatives? On Tuesday, the US Treasury Department’s Office of Foreign Assets Control (OFAC) announced the designation of eight individuals […]
Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s AML policies.
Government of Estonia Creates Stricter Regulatory Environment for Crypto Businesses
Estonia, whose banking sector has in the past been implicated in the processing of billions for suspicious Russian clients, is now taking steps to close the loopholes that could allow Russia,....