UAE FSRA Updates Sanctions, AML Policy on Digital Assets
The Financial Services Regulatory Authority (FSRA) of the United Arab Emirates has incorporated new provisions on digital assets into its Anti-Money Laundering and Sanctions policy. The FSRA formally declared revisions to its Anti-Money Laundering and Sanctions Rules and Guidance, or the AML Rulebook, on December 21. Among the modifications made were sections of the FATF […]
Only 6 Countries Implemented Stablecoin Regulations in 2023
According to a new report, only a few nations have initiated market regulations despite the exponential growth of stablecoins, or cryptocurrencies such as Tether and USDC, which have surpassed all previous records in recent months. As of December 19, 2023, only six nations had legislation or regulation regarding stablecoins, according to the PwC Global Crypto […]
Reddit Users Report Ripple Scam on YouTube
As is a customary tactic for fraudsters, Reddit users have identified a deepfake video purporting to show Ripple CEO Brad Garlinghouse requesting XRP holders to transfer their coins to a specific address with the assurance of receiving double the amount back. A participant of the online forum stated in a Reddit thread that they had […]
Worldcoin Temporarily Halts Iris Scanning in India, Brazil, France
As per a Moneycontrol report, on December 21, Worldcoin disabled its offline Iris Scanning verification function for consumers in three markets, including India, Brazil, and France. Worldcoin devised the Orb, a device that verifies humanness and uniqueness through eyeball scanning, to onboard residents of regions where conventional identification is inaccessible. To encourage offline onboarding, the […]
Director of South Korea’s FSS Discusses Crypto with SEC Chair Gary Gensler
The director of the Financial Supervisory Service (FSS) of South Korea, Lee Bok-hyun, reportedly intends to meet with the chair of the Securities and Exchange Commission (SEC) of the United States, Gary Gensler, to discuss crypto regulation. Chosunbiz, a South Korean news outlet, reported on December 18 that Lee intends to confer with Gensler during […]