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The global impact of money laundering in 2024

Neopay

NFT Money Laundering: In 2021, laundering through NFTs reached $1.377 million, a 231% increase from the beginning of the year. The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses.

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OKX Launches Licensed Crypto Exchange in UAE Amid VARA’s Regulatory Crackdown

The Fintech Times

VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for virtual asset industry governance. OKX’s entry into the UAE market as a licensed crypto exchange marks a significant step in the region’s adoption of virtual assets.