The FATF Travel Rule is a set of virtual asset-related recommendations by the Financial Action Task Force, first published in 2019. The 39-member Financial Action Task Force sets global standards to stop the movement of illicit funds. The threshold amount at which the FATF Travel Rule kicks can vary between jurisdictions, depending on the specific … Read more
Shyft Network Oct 18 · 4 min read October 10th — October 16th Welcome to another edition of Veriscope Regulatory Recap! We are back with exciting news from the world of crypto regulations this week, from a European Parliament Committee giving the go-ahead to the Markets in Crypto Assets Bill. So, let’s dive straight into … Read more
Shyft Network Oct 10 · 3 min read The Albanian Financial Supervision Authority has approved a licensing regime for cryptocurrency exchanges. Albania is all set to bring in a group of crypto-focused laws in the coming days, which will usher in a licensing mechanism for exchanges and make way for taxing the crypto profits of … Read more
Shyft Network Sep 28 · 3 min read California’s crypto bill, officially known as Assembly Bill 2269, aimed at enforcing crypto licensing and regulatory framework in the state, was vetoed by Gov. Newsom. The proposed bill faced no objection from the opposition in the assembly. Gov. Newsom believes that the bill is too rigid and … Read more
Shyft Network Sep 19 · 5 min read Welcome to another exciting edition of Veriscope Regulatory Recap! In this week’s edition, we look at the recent crypto regulation guiding principles published by Abu Dhabi FSRA to the White House’s first-ever digital assets regulatory framework. So, without further ado, let’s dive straight into it. Abu Dhabi … Read more
Shyft Network Sep 13 · 5 min read Welcome to another edition of Veriscope Regulatory Recap! We are back with exciting news from the world of crypto regulations this week, from the US Treasury’s decision to warn the White House over digital assets to the latest UK notifications over sanctions compliance to VASPs. So, without … Read more
Shyft Network Aug 31 · 3 min read The Monetary Authority of Singapore upped the ante against crypto businesses with a pretty in-depth questionnaire about their business practices and operations. At the time of writing, only ten crypto companies hold digital payment licenses in Singapore. Although Singapore’s crypto regulations have a strong AML & CFT … Read more
Shyft Network Aug 29 · 4 min read In this issue, we cover the latest crypto regulatory steps from the Australian and the Philippines governments, the position of the International Monetary Fund on the rise of crypto assets and their regulation, and more… Welcome to another edition of Veriscope’s weekly regulatory recap. Australia announced its … Read more
