Bitpanda Gains FCA Approval to
Austrian cryptocurrency exchange Bitpanda has received approval from the United Kingdom’s Financial Conduct Authority (FCA) to operate in the country,
An AML Compliance Program in cryptocurrency refers to the set of policies, procedures, and controls that are implemented by cryptocurrency businesses to prevent money laundering and terrorist financing activities. These programs are put in place to ensure compliance with anti-money laundering (AML) regulations and laws.
The program typically includes customer due diligence measures, transaction monitoring, recordkeeping, and reporting suspicious activities to relevant authorities. By having an effective AML Compliance Program in place, cryptocurrency businesses can help mitigate the risks associated with financial crimes and demonstrate their commitment to transparency and regulatory compliance.
Regular reviews and updates to the AML Compliance Program are essential to address evolving threats and changes in regulatory requirements. Failure to implement and maintain an effective AML Compliance Program can result in severe legal and financial consequences for cryptocurrency businesses. Thus, it is crucial for businesses in the cryptocurrency industry to prioritize AML compliance to uphold their reputation and safeguard against potential risks.
Austrian cryptocurrency exchange Bitpanda has received approval from the United Kingdom’s Financial Conduct Authority (FCA) to operate in the country,
Cryptocurrency exchange Gemini has received in-principle approval from Malta’s financial regulator for an Investment Firm license, a step toward expanding
MicroCloud Hologram Inc. announced plans to invest up to $200 million in Bitcoin and other digital assets, incorporating them into
Brazil’s central bank chief, Gabriel Galipolo, announced that the use of crypto assets in the country had surged significantly over
Tether, the issuer of the world’s largest stablecoin, has signed a Memorandum of Understanding with Reelly Tech, a UAE-based real
The U.S. Securities and Exchange Commission (SEC) has unveiled a new task force aimed at addressing the regulatory landscape surrounding
El Salvador has added to its Bitcoin reserves with the purchase of 11 BTC on February 3, following the cryptocurrency’s
Cryptocurrency exchange Coinbase has secured registration as a Virtual Asset Service Provider (VASP) from the U.K. Financial Conduct Authority (FCA),
Are you looking for a way to capitalize on the growing cryptocurrency market and earn substantial passive income without trading
Grayscale Investments, a leading cryptocurrency asset management firm, announced Friday the launch of the Grayscale Dogecoin Trust, offering accredited investors