Aml

Senators and key figures from the crypto industry discuss all things stablecoins at the first-ever hearing hosted by the newly-established Senate Banking Subcommittee on Digital Assets.

Pro-democracy activists, such as those in Nicaragua, are facing financial repression at the hands of the country’s autocratic leadership. Bitcoin is a tool to help circumvent this repression.

On Wednesday, the European Parliament adopted a new AML package increasing crypto asset service provider’s reporting requirements for anonymous payments. But it appears that the package’s crypto laws are largely based on assumptions, not facts.

KYC from €0 does not help catch criminals, but it does compromise personal freedom, bringing the surveillance state one step closer. Switzerland’s approach can serve as a model to prevent this dystopia from happening.

Currently, Western bitcoin adoption is largely dominated by centralized, KYC and AML compliant exchanges.

The Financial Action Task Force and its anti-money laundering policies are antithetical to Bitcoin and an attack on human rights everywhere.

As regulators attempt to institute KYC and AML rules at the peril of our personal data, Bitcoin and encryption offer salvation.

The One Bequia development is bringing Bitcoin to the Caribbean, a place that is grossly underserved by international financial institutions.

Thailand is reportedly preparing to mandate in-person, “dip-chip” AML verifications before opening local bitcoin exchange accounts.

In its updated guidance on virtual assets and virtual asset service providers, the FATF recommends requiring more strict KYC/AML measures.