Taiwan FSC Implements new AML Rules for Crypto Firms
Virtual asset service providers must comply with the new anti-money laundering legislation that Taiwan’s Financial Supervisory Commission has adopted or face penalties. According to a recent release, the FSC has reportedly published a draft of the “VASP Registration Regulations,” which will go into force on January 1, 2025. These actions come after the AML Act […]
Crypto.com Surpasses 100 Million Global Users
Since its establishment in 2016, cryptocurrency exchange Crypto.com claims to have added more than 100 million users worldwide. Crypto exchange Crypto.com has registered 100 million users around the globe as the platform doubles down on its international expansion. In a May 6 blog post, the corporation asserts that its marketing campaign—especially the most recent Fortune […]
Greg Monahan becomes Binance’s new AML officer
Former US Treasury official Greg Monahan replaces Karen Leong as the global money laundering reporting officer of the largest cryptocurrency exchange by trading volume Binance. Former US Treasury Criminal Investigator Greg Monahan has joined prominent cryptocurrency exchange Binance to supervise the company’s international Anti-Money Laundering (AML) activities, according to the exchange. Monahan worked for the […]