The EU regulator has issued guidelines for crypto-asset service providers to implement screening systems to comply with restrictive measures regimes.
Circle announces the Compliance Engine to attract developers and enhance USDC adoption amid regulatory challenges.
Brazil demonstrates the importance of enforcing crypto compliance by battling tax evasion and pursuing money laundering, rather than targeting crypto innovators.
HashKey Global and Elliptic form a partnership to improve compliance and risk management within the crypto exchange ecosystem.
Worldcoin is being investigated in Singapore over possible illegal trading practices, emphasizing regulatory concerns and the need for compliance in the crypto space.
Binance plans to hire 1,000 new employees this year, focusing on compliance roles amid increasing regulatory pressure. CEO Richard Teng emphasized the company's commitment to enhancing compliance operations as regulatory spending surpasses $200 million.
BestChange has launched an AML Analyzer to improve crypto security and compliance.
Tether plans to double its workforce by mid-2025 to enhance compliance operations.
Tether aims to double its team by 2025 to enhance compliance and finance in the crypto sector, managing $118 billion in assets to support USDT.
Tether to recruit 200 senior staff by mid-2025 to enhance compliance and financial operations.
MASAK has released a revised guide for suspicious transaction reporting aimed at cryptocurrency service providers.
U.S. credit unions are implementing tokenization for real-world assets, enhancing loan processes and compliance with transparency and efficiency, as described by Ravi de Silva.
Binance is delisting the NOT/BTC trading pair to comply with regulatory standards, impacting traders of the NOTUS (NOT) cryptocurrency on the exchange.
Netki, a prominent digital identity verification firm, introduces DeFi Sentinel for the Sui ecosystem, offering enhanced KYC and compliance tools on the Layer 1 blockchain.
Indonesia's Bappebti formed a Crypto Asset Committee to regulate and monitor the cryptocurrency market after recognizing crypto as commodities.
Indonesia's Bappebti has formed a committee to monitor the cryptocurrency industry, ensuring operations comply with the nation's recognition of crypto as a commodity.
The Australian Tax Office (ATO) is requesting personal and transaction details from cryptocurrency exchanges for up to 1.2 million users, aiming to target both unintentional and intentional tax non-compliance.
Tether teams up with Chainalysis to create a tool for tracking USDT transactions with sanctioned addresses, enhancing compliance & transparency.
Chainalysis is teaming up with Emirates NBD's Digital Asset Lab to enhance crypto security and compliance, marking a significant collaboration between a leading blockchain data platform and a top banking institution.
South Africa's Financial Intelligence Centre (FIC) has released a draft directive for implementing the FATF travel rule, which mandates crypto asset service providers to share transaction info. However, local industry leaders warn that compliance challenges could impede this implementation.
Institutional investors could shift stablecoin dominance from Tether's USDT to USDC as compliance becomes more critical in the crypto market.
Block, a fintech company led by Jack Dorsey, is being investigated for possible compliance failures and connections to terrorist activities through Bitcoin transactions. The federal probe puts a spotlight on the challenges around cryptocurrency regulations and risks.
Federal prosecutors are reportedly investigating Jack Dorsey's financial technology firm Block, including its units Square and Cash App, for alleged compliance failures over several years.
Changpeng Zhao, known as CZ, the ex-CEO of Binance, received a 4-month prison sentence after pleading guilty to enabling money laundering on Binance. This legal development emphasizes the importance of compliance in the crypto industry.
CZ, Binance's CEO, receives a 4-month sentence as a warning to the crypto industry about the importance of compliance, highlights RMIT lecturer Dr. Aaron Lane.
Binance co-founder Changpeng Zhao emphasizes the significance of compliance in the cryptocurrency industry, viewing it as entering a new phase post-sentencing.
Bernstein's report suggests the slowdown in Bitcoin ETFs is due to time needed for compliance frameworks, not signaling a negative trend.
The MiCA framework could attract big banks into the DeFi sector, posing potentially complex compliance issues for existing crypto projects.
The Hong Kong Securities & Futures Professionals Association has proposed a self-regulatory committee for crypto firms in the city to improve compliance monitoring.
Martin Grant, previously at the New York Fed, brings over 30 years of experience to Binance.US as its new board member to aid in the firm's financial reporting.
Binance CEO, Richard Teng, emphasized the significance of compliance in the face of increasing regulatory scrutiny during the Paris Blockchain Week, asserting it as a fundamental aspect of Binance's ethos.
