AML

Lawmakers Want Unregulated Crypto Firms Out of the EU

Proposed anti-money laundering rules are up for a parliamentary committee vote on Thursday along with a separate provision seeking to end anonymous crypto transactions in the European Union.

By Sandali HandagamaMar 30, 2022

The EU parliament is set to vote on a crypto legislative package that may seek to limit the use of proof-of-work cryptocurrencies. (Laura Zulian/Getty Images)

Policy

Small Digital Euro Payments Won’t Need Laundering Checks, ECB Official Says

The proposals regarding the potential future central bank digital currency come as lawmakers prepare to scrap anonymous bitcoin payments.

By Jack SchicklerMar 30, 2022

BRUSSELS, BELGIUM - JANUARY 20, 2020 : Italian member of the European Central Bank's executive board Fabio Panetta (L) and the President of the European Central Bank (ECB) Christine Lagarde (R) are waiting prior an Eurogroup Ministers meeting in the Jusuts Lipsius, the European Union Council headquarter on January 20, 2010, in Brussels, Belgium. The International Monetary Fund (IMF) will present the main findings of its euro area Article IV interim mission. he Eurogroup will discuss the updated draft budgetary plan of Portugal for 2020, on the basis of a Commission opinion. The outcome is expected to be reflected in a Eurogroup statement. The Commission will present its proposal for the draft recommendation on the economic policy of euro area for 2020, published on 17 December. Ministers will have a first exchange of views on the proposal. The Council addresses annual recommendations on economic policy to the euro area as part of the European Semester. (Photo by Thierry Monasse/Getty Images)

Policy

Bank of Israel Publishes Draft Guidelines for Crypto Deposits

Banks in the country may no longer be able to bluntly refuse fiat deposits originating from crypto activities.

By Sandali HandagamaMar 11, 2022

Exterior of the central bank of Israel located in Kiryat HaLeom also known as Kiryat HaUma which was traditionally considered to be the northern part of the Givat Ram neighborhood., West Jerusalem. Israel

Policy

Final BitMEX Co-Founder Pleads Guilty to US Violations

Samuel Reed will pay a $10 million fine for violating anti-money laundering rules.

By Brandy BetzMar 9, 2022

Policy

EU Wants New Anti-Money Laundering Authority to Have Crypto Oversight: Report

The EU is setting up an anti-money laundering watchdog, and leaders want it to have strict oversight of crypto firms.

By Sandali HandagamaFeb 24, 2022

EU lawmakers want new AML authority to supervise crypto firms (Santiago Urquijo/Getty)

Policy

Bipartisan Senate Proposal Raises Alarm Over El Salvador's Bitcoin Adoption

The legislation quickly drew a sharp rebuke from El Salvador President Nayib Bukele.

By Stephen AlpherFeb 16, 2022

Nayib Bukele asiste a la Asamblea Legislativa por su segundo aniversario en el poder (Foto de Emerson Flores/APHOTOGRAFIA/Getty Images)

Policy

Crypto Heavyweights Coinbase, Fidelity and Robinhood Back US Anti-Money Laundering Group

The 18-member Travel Rule Universal Solution Technology (TRUST) initiative addresses AML data sharing requirements prescribed by FinCEN.

By Ian AllisonFeb 16, 2022

Layer 2

Mastercard’s CipherTrace Used ‘Honeypots’ to Gather Crypto Wallet Intel

In cybersecurity the term “honeypot” refers to a trap for hackers. But what does it mean in the context of on-chain analytics? This story is part of CoinDesk’s Privacy Week series.

By Danny NelsonJan 28, 2022

Finance

Passbase Raises $13.5M to Build ID Verification System for Crypto Firms

Passbase helps companies comply with anti-money laundering and know-your-customer regulations.

By Brandy BetzDec 8, 2021

Policy

Israel’s New AML Rules May Help Banks Onboard Crypto Clients

Regulators still need to issue guidance for banks on how to deal with crypto-related transactions

By Sandali HandagamaNov 16, 2021

Israel flag (Michael Jacobs/Art in All of Us/Corbis via Getty Images)

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