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Tag Archives: REGULATION

Korea’s Finance Minister Approves Banks Working With Crypto Exchanges

At the state affairs audit conducted by the government of South Korea to evaluate the progress of all government agencies and commissioners in the nation, commissioner Choi emphasized that as long as cryptocurrency trading platforms are well equipped with Know Your Customer (KYC) and Anti-Money Laundering (AML) systems, digital asset …

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Russian Financial Watchdog Calls for Global Crypto Exchange Regulations

The Russian financial regulatory agency contacted the Financial Action Task Force (FATF) to request an intergovernmental initiative that could control the supply and flow of cryptocurrencies. Pavel Livadny, the Deputy Director of FMS, confirmed that they are endeavoring to secure the participation of all the FATF member countries to design a …

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Japan Approves Self Regulation for Cryptocurrency Industry

The Financial Services Agency (FSA) on Wednesday approved the Japan Virtual Currency Exchange Association (JVCEA), a body comprised of all 16 licensed domestic cryptocurrency exchanges, to become a ‘certified fund settlement business association.’ In doing so, the regulator has bestowed the industry body with the means to create guidelines for domestic exchanges …

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Malta Financial Regulator Looks to Bolster Cryptocurrency Industry

Christopher Buttigieg, head of the Malta Financial Services Authority’s securities and markets supervision unit noted the huge risks involved in environments with large flows of money. Therefore, the establishment is working in advance to block any vulnerability to criminals, money launderers, terrorists, among other bad actors. Having earned the reputation …

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