French regulator accepting CASP applications ahead of MiCA rollout
The AMF is giving firms registered under its current DASP rules ample time to transition, too. Go to Source
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Cyprus calls for collective crackdown against crypto terror financing
The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime. Go to Source
Hawaii crypto firms no longer need MT license, regulator rules
While being exempt from the Money Transmitter License requirement, crypto firms in Hawaii will still have to comply with any federal licensing laws. Go to Source
Nigeria urged to adopt crypto regulations inspired by Europe
Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity. Go to Source
Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank Says
According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and cryptocurrencies. To mitigate these risks, the Monetary Authority of Singapore (MAS) has implemented stringent regulatory measures under the Payment … Read more
Binance fined $2.25M by India’s financial intelligence unit
India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records. Go to Source
North Dakota latest US state to revoke Binance.US license
North Dakota’s Department of Financial Institutions Commissioner pointed to Binance’s money transmitter and AML convictions to make its case. Go to Source
Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued
The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies and prominent crypto players like FTX. Compliance Concerns Trigger Regulatory Action Against Evolve Bank Evolve Bank … Read more
Binance France changes ownership following regulator warning
Former CEO Changpeng Zhao cannot be Binance’s beneficiary if it wants to keep its French license. Go to Source
Taiwan proposes tougher AML measures for crypto service providers
Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance. Go to Source
