UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval
The FCA approved only four of the 35 applications it received in the year ended March 31.
Anti-Money Laundering
Binance CEO Teng Rejects Allegations the Exchange Froze All Palestinians’ Funds
The crypto exchange complies with anti-money laundering legislation, he said.
Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors
India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.
Coinbase’s CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls
Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.
Fewer Than 30% of Jurisdictions Globally Have Started Regulating Crypto: FATF Chief
Globally, less than 30% of jurisdictions have started regulating the crypto sector as of June 2023, the Financial Action Task Force (FATF) President T. Raja Kumar told CoinDesk in an interview from Singapore.
Apple and Goldman Sachs Don’t Trust Their New Banking Customers
“Security Reviews” are locking up Apple Savings accounts for weeks on end, as a blunt-force anti-money laundering system turns customers into suspects.