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Report: Financial Action Task Force to Prepare Binding Rules for Crypto Exchanges
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Report: Financial Action Task Force to Prepare Binding Rules for Crypto Exchanges

The Financial Action Task Force (FATF), the international group that combats money laundering and terrorism financing, will start developing binding rules for crypto exchanges in June, a Japanese official familiar with the matter told Reuters June 12. The n...
Proposed Bill in US Congress Would Commission Study of Crypto in Sex Trafficking
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Proposed Bill in US Congress Would Commission Study of Crypto in Sex Trafficking

The US House of Representatives Financial Services Committee has proposed a bill today that would initiate a study on how cryptocurrencies are used in sex trafficking. Should the bill be approved and signed into law, it would require the Comptroller General...
German Finance Authority: Crypto Regulation to Focus on Market Stability, Not Individuals
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German Finance Authority: Crypto Regulation to Focus on Market Stability, Not Individuals

Felix Hufeld, President of the Federal Financial Supervisory Authority in Germany (BaFin), said the primary role of his regulatory authority is not individual investor protection, but the preservation of overall financial stability, Cointelegraph auf Deutsch r...
UK Financial Watchdog Tells Banks to ‘Enhance Scrutiny’ on Crypto Clients
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UK Financial Watchdog Tells Banks to ‘Enhance Scrutiny’ on Crypto Clients

The United Kingdom’s financial regulator and watchdog has urged bank CEOs to follow good practices to lessen the risk of financial crimes brought on by the abuse of cryptocurrencies. In a letter [PDF] addressed to domestic bank CEOs, the UK’s Financial Cond...
Canada Releases Official Draft of New Crypto Regulations Focused on KYC/AML
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Canada Releases Official Draft of New Crypto Regulations Focused on KYC/AML

The Canadian government has released an official draft of new regulations on crypto exchanges and payment processors, Canada Gazette reports June 9. According to the draft, the new regulations seek to address a “number of deficiencies” that the Financial Ac...
Zimbabwe Central Bank Defends Cryptocurrency Trading Ban
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Zimbabwe Central Bank Defends Cryptocurrency Trading Ban

The Reserve Bank of Zimbabwe has filed opposing court papers supporting its directive to ban cryptocurrency exchange company, Golix, from dealing with banks and saying its directive was procedural. The Zimbabwean apex bank argues that by continuing to proce...
Colombian Banks Close All Accounts of S. American Crypto Exchange Buda
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Colombian Banks Close All Accounts of S. American Crypto Exchange Buda

Colombian banks closed all the accounts of South American crypto exchange Buda.com, local news outlet Diario Bitcoin reported June 8, citing an email the company sent to its clients. According to the email, the move was spontaneous, the banks confirming tha...
WSJ: CME and BTC Exchange Dispute Led US Regulators to Open Price Manipulation Probe
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WSJ: CME and BTC Exchange Dispute Led US Regulators to Open Price Manipulation Probe

Regulators from the US Commodity Futures Trading Commission (CFTC) reportedly demanded extensive trading data from several cryptocurrency exchanges, people familiar with the matter told the Wall Street Journal June 8. Regulators requested data in order to inv...
Japan Issues First Official Rejection of Crypto Exchange License Application
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Japan Issues First Official Rejection of Crypto Exchange License Application

Two business suspension orders and three on-site inspections later, Japan has handed down its first-ever official rejection of a cryptocurrency exchange application. Announced by Japan’s financial regulator, the Financial Services Agency (FSA) on Thursday, ...
Canada May Introduce Regulations for Hydroelectric-powered Cryptocurrency Mining
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Canada May Introduce Regulations for Hydroelectric-powered Cryptocurrency Mining

Canada could soon see cryptocurrency mining regulations introduced, as the Couillard government devised a framework in May 2018 that proposed selling excess power from Quebec’s hydroelectric plants to miners. Quebec’s Mining Push As per a report on Le Jour...