Irish Banks are pleased with the EU’s anti-money laundering regulations
Banks in Ireland have voiced support for the European Union’s anti-money laundering push, they believe this will affect the crypto space and also disrupt illicit transactions. According to the Irish daily Independent , financial institutions in Ireland have indicated support for plans to revamp the European Union’s anti-money laundering measures. The new AML body that […]
Vermont securities commission probes BlockFi over regulatory issues
Vermont becomes the Fourth US State to raise regulatory concerns about the crypto lending company, BlockFi. Block-Fi, a well-known crypto lending company, has recently been in hot water with regulators due to its interest account (BIA) services. Within a week, the crypto platform will face a review over the legality of BIA from the fourth […]
South Korea sets to penalize unregistered crypto exchanges
Domestic and foreign crypto exchanges in South Korea are expected to register with the authorities, and failure to do so by September 24 will attract severe penalties or even jail time. South Korea’s government said today that cryptocurrency exchanges that do not register voluntarily with the country’s authorities by September 24 would face penalties. According […]
Visa, Mastercard still partners with Binance amidst global regulatory Scrutiny
Despite increased regulatory issues with Binance, Visa and Mastercard have not cut links with the cryptocurrency exchange. Cardholders can still deposit funds into their accounts at the exchange using Visa and Mastercard. The Financial Times reported on Friday that Visa was “aware of the recent FCA announcement about Binance,” and that it was in “conversation […]
Binance is not authorized to operate in Hong Kong – SFC
Hong Kong has joined the list of nations calling for regulatory actions against the activities of Binance. Countries like Japan, UK, Thailand and Singapore amongst others have also issued warnings to the exchange. The world’s largest cryptocurrency exchange Binance is having a tough time with issues of regulation springing forth against it all over the […]