A late addition to the infrastructure bill moving through Congress would impose impossible reporting requirements on miners and wallets.
The Enforcement Directorate is investigating Chinese-operated betting apps that have collected more than $134 million over the last 10 months.
The Israeli Bitcoin Association is opposing the proposed reporting requirement, calling it discriminatory.
Much like the deranged lead of "Censor," financial regulators are deluding themselves that centralized control will lead to a crime-free utopia.
Despite a crackdown on crypto mining, Chinese authorities are still bullish on blockchain technology.
BitGo, Coinbase, Gemini, Kraken and Fidelity are putting an anti-money laundering solution up for consideration.
Only 58 out of 128 jurisdictions have stepped up, the anti-money laundering watchdog said Friday.
Regulatory insiders say the sheer volume of crypto feedback means updated guidance from the FATF could be delayed.
Banks will have to deny services to clients that do not comply with ID verification requirements or fail to report suspicious activity to the FSC's anti-money laundering unit.
The FCA has expressed concern that a "significantly high number" of crypto-asset businesses are not meeting its standards on AML.
The government plans to introduce licensing for virtual asset service providers.
Firm hopes FCA approval will make it more attractive for institutional investors.
The Colombian government is implementing new anti-money laundering laws with local exchanges.