Taiwan To Implement Strict Crypto AML Regulations on Nov. 30
The AML rules were set to go into force next year, but recent breaches have spurred the FSC to speed up its implementation. Taiwan’s Financial Supervisory Commission (FSC) is set to enforce new anti-money laundering (AML) rules for cryptocurrency service providers starting November 30. These regulations require crypto exchanges and virtual asset service providers (VASPs) to register […]
Pakistan Proposes Amendments to Legalize Cryptocurrency
The State Bank of Pakistan has established a legislative framework to acknowledge digital assets, such as cryptocurrencies, as legitimate forms of money. The initiative, if accepted, would enable the SBP to launch a digital currency, which could eventually lead to Pakistan’s central bank issuing a digital currency. According to the Tribune, the SBP suggested changes […]
CLS Global Commits to Cooperation Amid US SEC, FBI, DOJ Crypto Investigation
CLS Global maintains tight non-US policy amid regulatory scrutiny, improving compliance and fostering dialogue with US authorities. In response to recent U.S. regulatory actions involving cryptocurrency firms, including CLS Global, the company has affirmed its position and pledged full cooperation with regulatory bodies. As investigations proceed by the U.S. Securities and Exchange Commission (SEC), Department of […]
FCA Defends Crypto Stance to Combat Illicit Activities
Citing the need to safeguard financial integrity, the UK FCA justifies its strict registration requirements for crypto firms. The U.K. Financial Conduct Authority addresses worries that these strict regulations may stifle innovation in the sector by restating its dedication to a stringent registration procedure for cryptocurrency enterprises. The FCA’s head of payments and digital assets, […]
Malaysia Launches New Regulations for AI, Cloud Computing
Malaysia is intensifying its efforts to promote the ethical application of AI and cloud computing by implementing new regulations and partnerships. In an Oct. 1 report from Reuters, Malaysian Prime Minister Anwar Ibrahim announced that the country will establish a national AI office to oversee initiatives related to AI developments within its jurisdiction. This initiative […]