Snapshot 250 is live:🪙 BlackRock’s staked ETH ETF saw $15.5M in day-one volume on the Nasdaq⚖️ SEC unveils 5-tier token classification and safe harbor paths💎 Ethereum Foundation defines its role as a steward, not ruler🇹🇭 Thai SEC Travel Rule mandate data sharing for crypto transfers to curb AML🛡️ Aave adds a 25% price-impact cap to prevent $50M-style trade losses— and more ...

Recently, the Financial Action Task Force, aka the FATF F, released a damning report suggesting that stable coins are becoming the most popular means of payment in illicit finance, and they're calling on stable coin issuers to force KYC on all stable coin holders and wallet towallet transactions. The report is titled quote targeted report on stable coins and unhosted wallets peer-to-peer transactions and we'll leave a link to the full text in the description. Now, the report's authors start by explaining th ...

🚨 CRYPTO: SOUTH KOREA SLAPS BITHUMB WITH 6-MONTH PARTIAL SUSPENSION AND $25M FINEPer Bitcoinist, the Financial Intelligence Unit hit one of Korea's biggest exchanges for serious AML and KYC breaches, including dealings with unregistered overseas platforms and weak customer due diligence.New users restricted from external wallet transfers. CEO reprimanded. Reporting officer suspended 6 months.This follows the "ghost Bitcoin" glitch in February that briefly mis-credited hundreds of thousands of $BTC and trigg ...

REGULATION: South Korea's FIU issued @BithumbOfficial a preliminary notice of a six-month partial suspension over AML and KYC violations, with disciplinary action proposed against its CEO. https://t.co/CYBhYyjsps ...

According to News1, South Korea’s second-largest crypto exchange Bithumb has been preliminarily notified by the Financial Intelligence Unit (FIU) of a six-month partial business suspension for alleged AML and KYC violations under the Special Financial Transactions Act, with restrictions expected to apply mainly to new users’ crypto transfers pending a final decision. https://t.co/f9Wb7NKLbL ...

Core Viewpoint - A7A5 is registered in Kyrgyzstan and claims compliance with local regulations, including KYC, AML, and regular audits, while being sanctioned by the U.S. Treasury due to its connections with Old Vector LLC [1] Group 1: Company Compliance and Operations - A7A5 has established mechanisms for KYC, AML, and regular audits to ensure compliance with local regulations [1] - The company asserts that it does not violate the principles set by the Financial Action Task Force [1] Group 2: Business Activities - A7A5 primarily facilitates cross-border settlements for Russian clients restricted by banks, utilizing DeFi and USDT for liquidity [1] - The company was previously a sponsor at Token2049 in Singapore, but related information was subsequently removed [1]

RT Richard Teng (@_RichardTeng)Irresponsible and misleading press articles based on anonymous sources (whether including possibly disgruntled ex-employees or otherwise) does injustice to the great work of our more than 1300 compliance staff working tirelessly to uphold global standards.Facts:1. Binance complies and upholds global AML and applicable sanctions standards.2. Similar to other financial institutions, we employed and relied on industry-leading 3rd party tools such as Elliptic, Chainalysis and TRM ...

Core Insights - The global gold market is experiencing a significant shift towards improved transparency and implementation of standards, driven by advancements in technology and collaboration among key players [1][2][3] Group 1: SMX's Role and Initiatives - SMX is emerging as a key driver in enhancing transparency in the gold market through its partnership with the Dubai Multi Commodities Centre and the introduction of a physical-to-digital authentication framework [2][3] - The collaboration with FinGo and Bougainville Refinery Ltd aims to embed verification directly into operational supply chains, moving beyond traditional compliance methods [2][7] - SMX's technology accelerates the alignment of frameworks to real-world deployment, indicating a transition from theoretical discussions to practical infrastructure [3][14] Group 2: Challenges and Solutions - The gold industry has faced challenges due to fragmented systems that hinder consistent implementation of standards across borders [4][5] - SMX's molecular-level authentication technology addresses these challenges by creating a permanent link between the material and its digital identity, reducing reliance on external documentation [6][10] - The integration of FinGo's biometric digital identity platform enhances the verification of individuals involved in the gold supply chain, ensuring compliance with KYC and AML requirements [9][10] Group 3: Operational Context and Future Outlook - Bougainville Refinery Ltd serves as a practical example of how SMX's integrated framework can be applied in real-world sourcing, refining, and export workflows [11][12] - The initiative aligns with Bougainville's commitment to responsible resource management and positions it as a model for advanced verification infrastructure [12] - SMX's strategy focuses on aligning with global market authorities, demonstrating operational viability, and scaling through replication, indicating a clear path forward for the industry [13][16]

Central Bank of Ireland Fines Coinbase Europe $24.8M for AML Failures► https://t.co/JH78dPfiSs https://t.co/JH78dPfiSs ...

Regulatory Compliance & Enforcement - CZ pleaded guilty to violating the Bank Secrecy Act by failing to maintain an effective AML program [1] - CZ is the only person ever to receive jail time solely for this violation [1] - Traditional banks like TD Bank pay billions in fines for massive AML failures with no executives imprisoned [1] Industry Perception & Justice - The disparity in treatment highlights how CZ was unjustly persecuted for being in crypto [2] - A pardon for CZ is absolutely justified [2]