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Understanding Crypto Money Laundering, and How to Get a Handle on It

Fintech News

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. A recent comprehensive report by Chainalysis sheds light on the intricate world of crypto-related money laundering. The United Arab Emirates has amended Federal Decree-Law No. (20)

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Groups Call On Congress To Use Bank Secrecy Act For Crypto Regs

PYMNTS

Some VASPs are regulated as money transmitters under the Bank Secrecy Act (BSA) while others escape regulation, said David Murray, FIN’s vice president for product development and services. Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone.

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