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Tag: vasps

UAE reportedly plans to issue federal crypto license for VASPs

The crypto license legislation might be the first nationwide crypto-focused regulation. However, various free zones in the country had introduced crypto regulations as early as 2018.

Coinbase launches a collaborative effort to comply with FATF guidelines.

The publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST (Travel Rule Universal Solution Technology).” The plan is described as an “industry-driven solution” developed to comply with the Financial Action Task Force (FATF) Travel Rule. There are currently 18 crypto firms that have joined TRUST so far, and the collaborative effort is […]

Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year

spanish-treasury-postpones-the-definition-of-crypto-tax-declaration-models-until-next-year

The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and in which way are still a mystery for traders and holders.…

The post Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year appeared first on Bitcoin News Miner.

Chainalysis report finds most NFT wash traders unprofitable

Findings from Chainalysis shows the NFT space to be prone to wash trading, but most traders are not profiting.

Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela

sunacripSunacrip, the Venezuelan cryptocurrency watchdog, has suspended the operating licenses of two exchanges for lack of compliance with current regulations. The announcement was made by Joselit Ramirez, superintendent of Sunacrip, who also mentioned the exchanges that are approved by the institution, leaving some big names like Binance off of the list. Sunacrip Tightens Compliance Requirements […]

PayMaya and Facebook Novi Philippines Receive Virtual Currency Exchange License from the BSP

By Shiela Bertillo Mobile e-wallets Paymaya and Novi Philippines Inc. are now added to the list of firms licensed by

The post PayMaya and Facebook Novi Philippines Receive Virtual Currency Exchange License from the BSP appeared first on BitPinas.

Binance Helps Take Down Cybercriminal Ring Laundering $500 Million in Ransomware Attacks

Ransomware has become the biggest threat to online security, affecting all industries connected to the internet – from supply chains, to healthcare institutions. Therefore, a critical part of Binance’s commitment to ensuring the secure and sustainable growth of the global crypto ecosystem involves fighting different strains of ransomware and fraud. Earlier this year we released a […]

The post Binance Helps Take Down Cybercriminal Ring Laundering $500 Million in Ransomware Attacks appeared first on The Daily Hodl.

Pakistan Seeks to Block Websites Dealing in Cryptocurrency: Report

Pakistan’s Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. The decision followed a meeting the agency had with the State Bank of Pakistan (SBP) which recently recommended a complete ban on crypto. Pakistan’s FIA Reportedly Seeks to Block Cryptocurrency Websites Pakistan’s Federal Investigation Agency (FIA) is seeking to block websites […]

Hong Kong’s Central Bank Says Stablecoins Have Capacity To Enter Mainstream Financial System

Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), is seriously mulling over how to properly regulate stablecoins. The HKMA thinks that while stablecoins still pose a risk to financial stability, they have potential to be incorporated into the market. The Hong Kong Monetary Authority thinks stablecoins have potential In a discussion paper that

The post Hong Kong’s Central Bank Says Stablecoins Have Capacity To Enter Mainstream Financial System appeared first on CoinGape.

South Korean blockchain security firm Uppsala expands into NFT custody space

Uppsala Security, a provider of security tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cyber security, recently announced the expansion of their business in the NFT (non-fungible token) custody area. In the recent months since the NFT space expanded exponentially, a number of cases related to damaged assets emerged […]

The post South Korean blockchain security firm Uppsala expands into NFT custody space appeared first on CryptoNinjas.

Paraguay inches closer to regulating digital currency

The Senate of Paraguay has adopted a cryptocurrency measure filed in July on December 17, 2021.   The provisions, which define many essential terminologies, including virtual assets and need permits to mine cryptocurrencies, have been referred to the Deputy Chamber for more consideration. The bill’s sponsor, Sen. Fernando Silva Facetti, stated that it was passed in […]

The post Paraguay inches closer to regulating digital currency appeared first on BitcoinerX.

CipherTrace Traveler solves the Sunrise Problem for Virtual Currency Travel Rule compliance

CipherTrace Traveler Web Application  The Financial Action Task Force (FATF) recently reported that only 58 out of 128 reporting jurisdictions advising that they have now implemented any the revised FATF standards, including the “travel rule.” This aligns with what we have found through…

The post CipherTrace Traveler solves the Sunrise Problem for Virtual Currency Travel Rule compliance appeared first on CipherTrace.

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