RATE Group | UK Regulator Warns It Will Get Tough with Crypto AML + More News
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UK Regulator Warns It Will Get Tough with Crypto AML + More News

09 Mar UK Regulator Warns It Will Get Tough with Crypto AML + More News

Posted at 17:49h in Cryptocurrency News by

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UK Regulator Warns It Will Get Tough with Crypto AML + More News 101
Source: iStock/oversnap

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Regulation News

  • A British financial regulator has hinted that its cryptocurrency anti-money laundering (AML) policing will go above and beyond the measures undertaken in other AMLD5-adhering nations – stating that it will also scrutinize wallet services, operators of initial coin offerings (ICOs) and initial exchange offerings (IEOs), as well as cryptocurrency ATMs. Per a speech from a senior investigations official at the Financial Conduct Authority (FCA), the regulator stated, “We apply the same AML standards that we expect of businesses operating in traditional financial services to the [crypto] economy.”

Digital fiats news

  • The Bank of Japan’s deputy governor Masayoshi Amamiya has poured scorn on the idea of introducing a central bank digital currency (CBDC) in Japan –…

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