An impending storm is brewing in the crypto ecosystem, and this is not because of the current bear market. After all, cyclical peaks and troughs are a reality for any industry, immaterial of how long it has been in existence. …

Welcome to another edition of Veriscope Regulatory Recap! We are back with some of the most interesting news from the world of crypto regulations this week, from the crypto regulations being discussed at the Commonwealth Law Ministers meeting to Kenya’s plans to tax crypto transactions. …

The Annual ‘No Money for Terror Conference” was held in New Delhi, India, on the 18th and 19th of November, 2022. Nearly 450 delegates from across the world, including Ministers and Heads of Multilateral organizations, such as the FATF President, participated in the conference to discuss ways of enhancing global…

Welcome to another edition of Veriscope Regulatory Recap! This week, we have covered the Biden administration’s push for tougher crypto regulations to the US Treasury red flagging abuse of crypto mixing services by malicious actors. So, without further ado, let’s dive straight into it. Biden Administration Calls for Stronger Crypto Regulation

The industry discussion during V20 has yielded six proposals for better counterparty risk management, a principle-based risk management approach, and specialized regulation. The summit’s call to action was to promote interagency and international dialogue. Almost 60 individual regulators across 18 countries joined the IDAXA-hosted VA20 summit at Bali. Twenty Virtual…

The SEC filed 760 total enforcement actions & recovered a record $6.4 billion in 2022 across all sectors, including cryptocurrency. In its report, the agency listed actions against crypto lender BlockFi, insider trading charges against Coinbase employees, fraudulent Ponzi scheme Forsage, & NVIDIA Corporation for inadequate disclosures. This year, the…

With 2022 proving to be a tough year for the crypto industry due to back-to-back blows (TerraUSD crash, FTX collapse, crypto hacks, etc.), the regulatory pressure is only going to intensify from here, be it from the FATF, G20, the European Union, Financial Stability Board, or more. For instance, the…

Welcome to another edition of Veriscope Regulatory Recap! We are back with exciting news from the world of crypto regulations this week, from US Treasury Chief and Indian Finance Minister discussing crypto regulations to FATF’s push for Travel Rule implementation before the “No Money For Terror” meeting on November 18–19. …

Media reports were abuzz this week with news around FATF’s decision to penalize countries that haven’t yet implemented the agency’s proposed guidelines on crypto anti-money laundering (AML) and counter-terrorist financing (CTF). However, it turned out to be a speculation, and nothing more, as a FATF spokesperson denied any changes to…