AML

Highlights: 31 of 35 crypto applications failed to meet UK AML regulations in the past 12 months. The FCA’s lengthy process and unclear guidance have driven firms away. Out of 359 applications since 2020, only 47 firms were approved. According […]

Highlights: Industry leaders hint at China possibly easing its crypto ban by 2024, although these claims are later retracted Despite rumors, experts like Yifan He remain skeptical about China permitting open cryptocurrency trading using local currency China’s latest regulatory changes […]

Highlights: BitMEX admits guilt in breaching the Bank Secrecy Act. Despite claiming to leave the US market, the exchange actively solicited American traders. In 2022, three BitMEX co-founders pleaded guilty to violating AML laws under the BSA. Crypto exchange and […]