Taiwan’s new AML laws put crypto firms on notice
The Taiwanese FSC has released new Anti-Money Laundering laws that will completely replace its current regulations and require the full compliance of VASPs. Go to Source
virtual asset service providers.
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Binance Secures 20th Global Milestone With Argentina Crypto Registration
Crypto exchange Binance has achieved a significant milestone by joining Argentina’s Virtual Asset Service Providers Registry, marking its 20th global regulatory achievement. This allows Binance to expand its full range of services to Argentina-based users, further embedding itself in the country’s cryptocurrency market. Binance Joins Argentina’s Crypto Registry, Strengthens Global Compliance Crypto exchange Binance announced … Read more
UAE regulators to allow Dubai-licensed VASPs to service entire country
The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training. Go to Source
Thailand launches regulatory sandbox to test crypto services
Thailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto and more. Go to Source
South Korea’s strict laws on crypto exchanges come into force
The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19. 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
Argentina to Regulate Cryptocurrency Exchanges With Executive Order
The government of Argentina is reportedly preparing to regulate cryptocurrency service providers with an executive order. The measure would be directed to keep Argentina out of the Financial Action Task Force (FATF) gray list, putting crypto service lenders under the oversight of the local securities watchdog. Argentina Reportedly Set to Regulate Cryptocurrency Service Providers by … Read more
Gemini’s Travel Rule measures reflect ‘worrying creep’ of overregulation
Gemini will be restricting its UK users to sending only to 58 virtual asset service providers that are registered under the Travel Rule starting Nov. 17. A Trezor analyst argues the measures will go against the principles of Bitcoin and financial freedom. Go to Source
Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC advisor
Lucy Gazmararian, an advisory board member to Hong Kong’s securities regulator said its crypto rules may present short-term challenges to crypto startups. Go to Source Powered by WPeMatico
Uruguay Introduces Cryptocurrency Law in Parliament
A new cryptocurrency bill project was introduced by the executive power to the Parliament of Uruguay. The bill seeks to clarify how crypto assets will be regulated in the country, giving the Central Bank of Uruguay competence over cryptocurrency assets, modifying its organic charter, and introducing the Superintendence of Financial Services as the organization to … Read more
