Tag: 10164
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XXKK Exchange strengthens AML and KYC systems for compliance
XXKK Exchange strengthens its AML and KYC systems to elevate compliance standards for enhanced security and regulatory adherence.
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‘A New Level of Insanity’: Bank of Thailand Freezes Over 3 Million Accounts, Sets Transfer Limits
Bank of Thailand freezes over three million accounts and imposes new transfer limits.
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IRS expands surveillance of cryptocurrency investors for tax enforcement
The IRS is expanding its surveillance of cryptocurrency investors to improve tax compliance and enforcement efforts.
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Crypto Faces PATRIOT Act Crackdown—What You Need To Know
US government enforces PATRIOT Act on crypto, requiring stricter compliance from exchanges and financial institutions.
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BIS mandates AML scores for non-custodial wallets in 2024 to curb crypto money laundering
BIS proposes AML scores for non-custodial wallets, targeting Bitcoin and Ethereum transactions to reduce illicit flows estimated at $20 billion annually.
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GENIUS Act spurs Treasury AML tech review with 200+ firms by 2023
The GENIUS Act prompts Treasury to seek feedback on AML tech, involving Bitcoin and Ethereum. Over 200 firms may respond by Q4 2023.
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US Treasury proposes digital ID for DeFi to tackle $24B crypto crimes
The US Treasury explores digital ID for DeFi to combat illicit finance, targeting $24B in crypto crimes by 2023, involving Ethereum and Chainlink.
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BIS AML Score targets Bitcoin and Ethereum transactions by 2025
BIS proposes AML Score targeting crypto transactions at bank off-ramps, involving Bitcoin and Ethereum; aims to reduce illicit flows by 30% by 2025.
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South Africa enforces crypto flow rules for Bitcoin and Ethereum in 2024
South Africa plans to regulate cross-border crypto flows, affecting Bitcoin and Ethereum. The move follows a 30% rise in crypto transactions in 2023.
