How law enforcement struggles with sophisticated crypto laundering

Advanced crypto laundering techniques continue to challenge law enforcement and crypto-related services, as highlighted in a new Chainalysis report on money laundering.

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Japan’s Largest IT Service Provider Fujitsu Files Trademark Covering Crypto Trading Services

Japanese tech giant Fujitsu has filed a trademark application with the U.S. Patent and Trademark Office that covers several cryptocurrency services. The application specifically mentions “financial management of crypto assets,” “financial exchange of crypto assets,” and “financial broker services for cryptocurrency trading.” Fujitsu’s Crypto Trademark Application Fujitsu, one of the world’s largest IT service providers, [...]

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Major client demand the ‘tipping point' for BNY Mellon's crypto services

BNY Mellon CEO Robin Vince pointed to a survey earlier this year which found 91% of institutional asset managers were interested in investing in tokenized assets.

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Coinbase gains in-principle approval for Singapore crypto license

The country is a key institutional market for the exchange according to the CEO of Coinbase Singapore, who explained it's also working with local industry groups to improve regulations.

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Over 12,000 Brazil companies declare crypto holdings in record high

August figures released by Brazil's tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded.

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DBS Declines to Offer Crypto Services to Retail Customers as Regulation Stiffens

Since regulators consider crypto coins to be ill-suited for retail consumers, DBS bank said that it will not offer such products to retail-banking clients any time soon. (Read More)

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French Regulator Revises Crypto Rules to Align With EU’s MiCA Law

France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like custody and trading. AMF Revamps Crypto Regulations to Enforce Stricter Registration Rules for [...]

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Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 [...]

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Cyprus freezes crypto applications ahead of EU-wide MiCA transition

The CySEC has warned crypto asset service providers of coming changes as the continent braces for MiCA.

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HashKey secures VASP license in Ireland under MiCA regulations

HashKey Europe has entered Ireland following its approval for a VASP license under MiCA regulations, enabling various crypto services.

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Blockchain·com Obtains Payment License in Singapore

Crypto company Blockchain·com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its efforts to comply with local regulations in the jurisdictions where it operates. Blockchain·com Receives MPI [...]

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Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator

According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside the legal business area of ​​financial institutions” and is in violation of the country’s Financial [...]

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