Saturday, October 1, 2022

Crypto Compliance

New UK Crypto Rules for Sanctions

UK Treasury’s Office of Financial Sanctions Implementation updated its sanctions guidance on 30 August to explicitly include “cryptoassets” among those that must be frozen...

Fed Research Publishes Two Papers

The US Federal Reserve just published a pair of papers last week exploring two topics related to crypto: "The Financial Stability Implications of Digital...

SEC & CFTC Propose Amendments for Hedge Fund Crypto Reporting

US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly proposed an amendment to reporting requirements for hedge funds....

EU Close to Agreement on Crypto Regulation

The European Union is closing in on an agreement to regulate the cryptocurrency sector that would establish common rules across the 27 member countries...

The Lummis-Gillibrand Act on Digital Assets Tabled

Democrat Senator Kristen Gillibrand and Republican Cynthia Lummis introduced the new Responsible Financial Innovation Act designed to act as a "regulatory framework for digital...

New Regulations Impacting Binance and Others

This was a busy week. New crypto related regulations and restrictions impacted some of the largest global crypto exchanges and users in Canada, U.K.,...

Bank of Canada: Bitcoin Only Use for “Illicit Transactions”

In a speech delivered on February 10th, Bank of Canada's Deputy Governor Timothy Lane addressed the concept of a central bank digital currency (CBDC)...

FinCEN Proposes Enhanced AML Rules for Non-Custodial Wallets

The Financial Crimes Enforcement Network (FinCEN) published a "notice proposed rule making" outlining the proposed rule that suggests that exchanges and other virtual asset...