Monday, January 30, 2023
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Crypto Implicated in Child Porn, Terrorism, French Official Says, Calling for End to Online Anonymity

Under these rules, known colloquially as the travel rule, conventional bank transfers need to identify parties involved in any transaction over 1,000 euros, with suspicious transactions passed on to the authorities. But lawmakers are leaning towards abolishing that lower threshold for crypto transactions because large digital payments can easily be

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France Declares War on Crypto Anonymity, Cites ‘Terrorism’ in KYC Mandate

The French Ministry of Finance unveiled sweeping know-your-customer (KYC) requirements on all cryptocurrency companies operating in and servicing the country on Wednesday, a move that could ultimately strip the French crypto space of any semblance of anonymity.All virtual asset service providers must immediately begin checking their customers’ identities, verifying “beneficial

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UK’s Regulator FCA to Monitor Money Laundering and Terrorism Finance via Crypto

The UK’s Financial Conduct Authority (FCA) now supervises companies and business working with crypto for anti-money laundering (AML) and counter terrorism finance (CTF) compliance.In an announcement released on January 10th, the financial regulator said that it will supervise whether businesses dealing with cryptocurrencies and blockchain in the UK are complying

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Australian Home Affairs Minister: Cryptocurrency Is Being Used to Fund Terrorism

Peter Dutton, Home Affairs Minister of Australia, warns the public that cryptocurrency is being used by terrorists who are exploiting it for transactions and funding of their heinous agendas. He further added that sine the transactions of digital currencies are anonymous, it is allowing them to go unnoticed under the

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Germany Warns of Privacy Token Usage in Money Laundering and Terrorism

The German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with criminal activities and difficulties in tracking them.Published on Oct. 19, the ministry’s “First Money Laundering and Terrorist Financing National Risk Assessment” for 2018-2019 provided analysis aimed at the identification

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