Browsing: anti-money laundering

Stablecoins represent a significant evolution in the realm of virtual currencies, offering a bridge between traditional finance and the crypto world.Recently, the People’s Bank of China has taken steps to define stablecoins, highlighting their potential risks regarding anti-money laundering and financial regulation compliance.

Virtual currency regulations are increasingly vital as governments worldwide seek to address the complexities of digital finance.On November 28, 2025, The People’s Bank of China held a significant meeting aimed at tackling rampant speculation in virtual currency transactions, particularly with stablecoins.

South Korea cryptocurrency sanctions are on the horizon as the nation’s financial regulatory bodies prepare to enforce consequences against several domestic cryptocurrency exchanges for failing to comply with anti-money laundering regulations.With reports indicating that the Financial Information Unit (FIU) of South Korea will systematically implement these sanctions, the spotlight is on key players like Upbit, Bithumb, and Coinone.

Hong Kong’s Securities and Futures Commission is advising licensed institutions to enhance their monitoring systems to detect and prevent potential layering transactions related to anti-money laundering. The Commission emphasizes the importance of robust measures to…

WeBank will set up a local blockchain system in Hong Kong to enhance its services and operations. The initiative aims to bolster the bank’s technological capabilities in the region. Additionally, the bank will focus on… (via Bpaynews real-time desk)

WeBank plans to create a local blockchain system in Hong Kong while also developing a solution aimed at combating money laundering. The initiative reflects the bank’s commitment to utilizing blockchain technology to enhance financial services.… (via Bpaynews real-time desk)

anti-money laundering reform Coinbase has proposed a reform aimed at enhancing anti-money laundering (AML) measures while fostering innovation within the cryptocurrency sector. This proposal seeks to address regulatory challenges that cryptocurrency exchanges face in maintaining… (via Bpaynews real-time desk)

anti-money laundering reform Coinbase has proposed reforms to its anti-money laundering (AML) practices, aiming to find a balance between fostering innovation and ensuring compliance with regulatory standards. The proposal highlights the need for a more… (via Bpaynews real-time desk)

The Central Bank of Ireland has imposed a fine of $24.6 million on Coinbase due to failures in its anti-money laundering (AML) practices. This penalty highlights the regulatory scrutiny faced by cryptocurrency exchanges in maintaining…

Canada’s anti-money laundering watchdog has imposed a record fine of $126 million on Cryptomus for violations related to money laundering…