Business

Crypto firms not meeting AML standards, says UK minister

Cryptocurrency businesses in the United Kingdom have been struggling to meet Anti-Money Laundering standards set by the Financial Conduct Authority, according to a senior official.

Business

Australian tax office: Report crypto profits or else

The Australian Tax Office has urged citizens to accurately report any profits made in the process of trading cryptocurrencies like Bitcoin (BTC), as it anticipates

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Korean gov’t clarifies crypto regulatory roles of different agencies

Over the past year or so, the crypto community in South Korea has had to adapt to a suite of new regulations and government frameworks

Business

Crypto will ‘come to life’ in Nigeria, central bank governor says

At a 279th meeting of the Monetary Policy Committee in Abuja, Central Bank of Nigeria Governor Godwin Emefiele expressed confidence that cryptocurrencies like Bitcoin (BTC)

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US sanctions agency OFAC to rely more heavily on Chainalysis

The U.S. Office of Foreign Assets Control has requested another subscription to Chainalysis analytics software in order to step up its blockchain transaction surveillance efforts.

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Harvard Law BFI throws 10.5M votes behind own proposal to fund DeFi lobby with UNI

The effect of whales on Uniswap governance is a topic of hot debate once again after Harvard’s blockchain group threw a massive amount of voting

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SEC begins formal review of Fidelity, SkyBridge Bitcoin ETF applications

A pair of Bitcoin (BTC) ETF applications submitted by Fidelity Investments and SkyBridge Capital are under official review by the United States Securities and Exchange

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Big tech, not cryptocurrency, is the real threat to central banks’ autonomy, Danish central bank governor says

Crypto trading volumes continue to increase, but several countries’ central banks are keen to ignore it, with Denmark being the latest to join the “crypto

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US SEC wants to work with Congress to regulate crypto exchanges

The United States Securities and Exchange Commission is looking to cooperate with Congress and other regulators to increase its oversight of cryptocurrency exchanges. Gary Gensler,

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Restricting crypto trading to millionaires good for Hong Kong, says official

Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury has defended the recent proposal by the city’s Financial Services and the Treasury Bureau