Key Highlights: The European Union Anti-Money Laundering Authority (AMLA) has proposed mandatory customer due diligence for online gambling transactions. Under the proposed framework, operators would be required to verify customers when transactions reach or exceed a €2,000 threshold. The measure was detailed in a draft report on regulatory technical standards presented by AMLA in October. ...
Key Highlights: Kraken has revoked recent customer inquiries regarding what clients planned to do with their funds post-withdrawal, confirming no action is required from those contacted. Leadership reaffirmed support for Monero, confirming the privacy token will stay listed and accessible for trading and self-custody withdrawals where permitted. The exchange maintains that traditional source-of-funds verification remains ...
Key Highlights: The European Union and eight partner nations have signed an Additional Protocol to modernize the Council of Europe’s Warsaw Convention. Signatories include Georgia, Greece, Hungary, Luxembourg, Monaco, Montenegro, San Marino, the United Kingdom, and the EU. The treaty expansion focuses on cross-border asset recovery, combating the use of cryptocurrency assets for illicit purposes, ...
Key Highlights The Financial Conduct Authority, HM Revenue & Customs, and the Metropolitan Police jointly inspected three London commercial premises on September 10 over suspected unregistered peer-to-peer crypto trading, with details published on September 17. Cease-and-desist notices were issued to the businesses involved, targeting physical and P2P operations operating outside the UK’s anti-money-laundering registration and ...
Thailand SEC Proposes Daily Stablecoin Transfer Cap of $151,000 Thailand’s Securities and Exchange Commission (SEC) has opened a public consultation on new stablecoin regulations, proposing a daily transfer limit of approximately $151,000 per person. The move signals a tightening of oversight for digital-asset payments as stablecoin usage grows in the country. Proposed Rules and Transfer ...