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Home » AML

China escalates crypto crackdown with new anti-money laundering regulations

August 23, 2024 By Crypto Reporter

China has intensified its regulatory scrutiny of cryptocurrency activities by formally classifying crypto transactions as a form of money laundering under updated anti-money laundering (AML) laws. This development marks a significant escalation in the country’s ongoing crackdown on digital assets, further tightening the noose around what Beijing views as a major financial risk. … [Read more...] about China escalates crypto crackdown with new anti-money laundering regulations

The EU’s clampdown on anonymity: A blow to the crypto industry’s ethos

March 29, 2024 By Crypto Reporter

The European Union's recent enactment of stringent anti-money laundering (AML) laws marks a significant turning point for the cryptocurrency industry within its jurisdiction. By targeting anonymous crypto transactions and self-custody wallets, the EU aims to tighten the noose on illicit financial flows. However, this move has sparked concerns among crypto enthusiasts and … [Read more...] about The EU’s clampdown on anonymity: A blow to the crypto industry’s ethos

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