Crypto Travel Rule implementation ‘remains relatively poor,’ says FATF

    The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation. A renewed call from the Financial Action Task Force has asked countries to implement the “Travel Rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies. On June 23,…

    IMF envisions ‘new class’ of cross-border payment platform with single ledger

    The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs. The International Monetary Fund has presented the outlines of a “new class” of cross-border payment system that uses a single ledger to record central bank digital currency (CBDC) transactions, programmability and improved information management. IMF officials chose a roundtable on…

    Institutions seek detailed blockchain analytics for crypto adoption — Elliptic

    Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions. As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher. Compliance experts, investigators and regulators employ these blockchain analytical tools to better understand the patterns and entities in cryptocurrency transactions….

    Where crypto can grow: Digital asset regulations around the worl

    While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around. As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms…

    Hong Kong security regulator to issue crypto license guidelines in May

    The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung. The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on…

    Innovate some compliance mechanisms, US Treasury official tells DeFi community

    Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and that DeFi should program in some compliance. The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience…