AML

Highlights: KuCoin pleads guilty to money-transmitting fraud in the U.S. KuCoin suspends U.S. operations for two years as part of the deal. Founders step down, while KuCoin focuses on better compliance and security. According to a Bloomberg report, KuCoin, a […]

Highlights: Taiwan’s FSC plans to pilot cryptocurrency custody services via local banks in 2025, enhancing security. Three Taiwanese banks will participate in a trial, offering secure storage for Bitcoin, Ether, and Dogecoin. Taiwan’s crypto custody trial aims to boost institutional […]

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 […]