The Estonian Ministry of Finance is about to add amendments to the national AML regulation, bringing tighter cryptocurrency regulation. The Estonian Ministry of Finance will shortly add amendments to a recently-passed financial bill that are meant to “tighten” crypto-related regulation, Estonian financial newspaper Äripäev reports Nov. 28. According to the article, a new version of… Continue reading Estonia: Amendments to Anti-Money-Laundering Regulations Will Tighten Crypto Regulation
Category: AML
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Thai Deputy Prime Minister Calls for More Controls for Cryptocurrencies
The Deputy Prime Minister of Thailand has called for more regulation on cryptocurrencies, urging experts not to lag in developing new security practices. The Deputy Prime Minister of Thailand Wissanu Krea-ngam has called for more regulations on cryptocurrencies, local news daily the Bangkok Post reports Nov. 8. While Thailand introduced a regulatory framework for cryptocurrencies… Continue reading Thai Deputy Prime Minister Calls for More Controls for Cryptocurrencies
International Anti-Money Laundering Standards for Crypto Expected in October
The Financial Action Task Force is closer to establishing a worldwide set of anti-money laundering standards, that will purportedly close the “gaps” in current regulations. The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies, Financial Times reported September 19.… Continue reading International Anti-Money Laundering Standards for Crypto Expected in October
Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes
Cryptocurrency is a “poor form of money” for most terrorists, says director of analysis at U.S. think tank FDD’s CSIF Yaya Fanusie. The U.S. Congress Subcommittee on Terrorism and Illicit Finance has discussed various methods of terrorism financing with cryptocurrency, according to an official press release on the U.S. House of Representatives Financial Services Committee… Continue reading Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes