The EU co-legislators finally agreed to Crypto AML provisions, and more… — Welcome to another edition of Veriscope’s Weekly Regulatory Recap. The crypto regulatory landscape continues to stay heated with the EU co-legislators finally agreeing to Crypto AML provisions. So, without further ado, let’s dive straight into it. Don’t forget to subscribe to our weekly recap post, comment, and share! Crypto Travel Rule to be Implemented in the European Union by 2024

Crypto-Asset Service Providers will be obligated to collect the personal information of the originator and beneficiary of crypto transactions, no matter the amount. — Key Takeaways Once implemented, the provisional agreement will make it mandatory for Crypto-Asset Service Providers (CASPs) to collect personal information on both the originator and beneficiary of a crypto transaction. Unlike FATF’s Travel Rule, there is no minimum ceiling limit for the AML-check-provision to kick in.

The global crypto market is in a slightly better position than the week before. Yet, the cloud of uncertainty looms large over the broader market. — Welcome to another edition of Veriscope’s Weekly Regulatory Recap. The global crypto market is in a slightly better position than the week before. Yet, the cloud of uncertainty looms large over the broader market. Authorities continue to stress the need for regulatory measures to put an end to the wild-west…

In this article, we will look at how you can point your Metamask wallet to Shyft Mainnet. — To begin staking your SHFT tokens on Shyft Network’s staking dashboard, you must switch either to Shyft Mainnet or Shyft Testnet. In this article, we will look at how you can change to Shyft Mainnet on your Metamask wallet. So, let’s dive into it. Step-1: The first thing you must…

In this guide, we will give you step-by-step instructions on how to stake, unstake and claim rewards. — With Shyft Network’s Staking Dashboard launching tomorrow, you can stake SHFT tokens, unstake them, and also claim your rewards. In this guide, we will show you how to do all three with step-by-step instructions. Let’s dive straight into it: 1. How to Stake SHFT Tokens? The first thing you need to do is choose “Shyft Mainnet”…

The most pressing concern that the President had was the lack of Anti-Money laundering provisions in the Bill. — Key Highlights - Panama’s President Laurentino Cortizo vetoed the crypto bill due to a lack of robust anti-money laundering provisions. - President Cortizo previously called the crypto bill “innovative law.” - Once signed by the President, it will enable local businesses to accept payments in digital currencies, legally recognize DAOs, and create…

The regulatory landscape remains heated, with authorities from many countries calling for regulating virtual assets — Welcome to Veriscope’s Weekly Regulatory Recap. This week, too, the regulatory landscape remains heated, with authorities from many countries calling for regulating virtual assets. Without further ado, let’s dive straight into it. We hope you enjoy it. Don’t forget to subscribe to our weekly recap post, comment, and share.

The European Union & North America, are strengthening their anti-money laundering laws to prevent illicit activities. — Key Takeaways - The United Kingdom recently introduced “Amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 Statutory Instrument 2022.” - The amendment mentions that, subject to legislation, the Travel Rule will be enforced in the UK from 23rd September 2023.

A quick review of past week’s most important news and updates on crypto regulation. — Welcome to the second edition of Veriscope’s Weekly Regulatory Recap. Amid the current crypto market turmoil, the regulatory landscape is heating up even further. So, let’s dive straight into it. We hope you enjoy it. Also, don’t forget to subscribe to our weekly recap post, comment, and share! Japan may Soon Approve a Proposal to Seize Stolen Virtual Assets