Regulations

Ransomware

Enforcing KYC, AML Laws Is Key to Reducing Ransomware Attacks: Task Force

Existing AML/KYC laws could reduce ransomware proliferation, but it would require an international effort.

News  ·  29 April 2021
South Korea

South Korea’s Top Financial Regulator Suggests All Crypto Exchanges Could Be Shut Down

Eun Sung-soo, head of South Korea's chief financial services regulator, said no crypto exchange had applied for its VASP license.

Policy & regulation  ·  23 April 2021
South Korea

South Korea Kicks Off New Crackdown on Illicit Crypto Activities

The government's "special enforcement period" stems from a new crypto-related law that took effect this year.

News  ·  20 April 2021
Coinbase

State of Crypto: Unpacking Hester Peirce’s Newest Safe Harbor Proposal

The revised Token Safe Harbor proposal defines what a successful project would look like.

Policy & regulation  ·  20 April 2021
DeFi

CipherTrace Wants to Introduce DEXs to Sanctions Compliance

The new tool uses an oracle on Chainlink to spot crypto wallet addresses on government watchlists.

News  ·  9 April 2021
Mining

Abkhazia Bans Bitcoin Mining Shortly After Legalizing It

The troubled economy and extremely cheap electricity of Abkhazia attracted bitcoin mining, but now the government is cracking down.

News  ·  5 April 2021
South Korea

S. Korea’s Crypto Rules Might Only Help the ‘Big 4’ Exchanges

South Korea may not be planning to ban cryptocurrencies, but its regulatory regime may only favor the biggest incumbents.

Policy & regulation  ·  1 April 2021
Newsletters

State of Crypto: FATF’s New Guidance Takes Aim at DeFi

The Financial Action Task Force addressed DeFi and NFTs in its new proposed draft guidance, but its new definitions might be extremely broad.

Policy & regulation  ·  30 March 2021
Newsletters

State of Crypto: What’s Next for the OCC?

The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.

Policy & regulation  ·  23 March 2021
Newsletters

State of Crypto: NYDFS Hackathon Is ‘Testament’ to Crypto’s Growth

NYDFS held a two-week event with crypto industry participants to evaluate ways of upgrading its data collection tools and practices.

Policy & regulation  ·  16 March 2021
Exchanges

Former US Senator Joins Binance as Policy Adviser and Government Liaison

Baucus will guide the crypto exchange in its dealings with U.S. regulators.

Business  ·  11 March 2021
SEC

US Lawmakers Introduce Bill to Clarify Crypto Regulations

The proposed bill would create a working group to evaluate U.S. cryptocurrency regulations with input from the SEC and CFTC.

Policy & regulation  ·  9 March 2021
OCC

Federal Credit Union Regulator Should Look at Crypto Rules, Official Says

The NCUA could look at the Office of the Comptroller of the Currency's crypto guidance as an example, Kyle Hauptman said.

Policy & regulation  ·  3 March 2021
SEC

Gensler Straddles Innovation and Enforcement in Senate Hearing

Gary Gensler was careful to strike a balance between emphasizing regulating suspicious behavior as well as encouraging new innovations.

Policy & regulation  ·  2 March 2021
Terrorism

Crypto Is Spared Scapegoat Treatment in US Hearing on Terror Financing

Witnesses didn't call for new domestic terror statutes or treat cryptocurrencies as a tool uniquely suited for illicit finance in a U.S. Congressional hearing Thursday.

Policy & regulation  ·  26 February 2021