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AML Anonymity Blockchain EU Europe KYC United Kingdom

New EU AML Compliance Laws Could Disrupt the Crypto Industry

As the 5AMLD is signed into law, turbulent times lie ahead for the crypto industry, experts discuss the changes. On Jan. 10, the European Union’s 5th Anti-Money Laundering Directive (5AMLD), was officially signed into law. The legislation will give sweeping powers to compliance organizations and law authorities. However, aside from tracking dirty money to offshore […]

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Blockchain cryptocurrency exchange Derivatives EU KYC Netherlands Panama

Crypto Derivatives Exchange Leaves EU for Panama, Expands KYC

Crypto exchange Deribit leaves the Netherlands for Panama to avoid demanding EU regulations that the Dutch nation might adopt. Crypto derivatives exchange Deribit is leaving the European Union for Panama to avoid new AML rules while changing its Know Your Customer (KYC) requirements. Deribit B.V., the current Netherlands-based company responsible for the Deribit.com exchange, will officially […]

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altcoin Banks Central Bank cryptocurrencies EU Europe

European Central Bank Policy Maker Calls Crypto ‘a Fairy-Tale Story’

European Central Bank policy maker Ardo Hansson states that cryptocurrencies will end up a “complete load of nonsense.” A member of the Governing Council of the European Central Bank (ECB) has warned that “the [cryptocurrency] bubble has already started to collapse,” Bloomberg reported Jan. 7. Speaking at a conference in Riga, Latvia, Ardo Hansson — […]