Attempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule

...aundering supervisors; - broaden the requirements for identifying high-risk third countries and ensure a high level of protection for money moving to or from such countries. One of the most notable directives is the Travel Rule which requires “virtual asset service providers” (VASPs) — including crypto exchanges and custodial wallet providers — to disclose customer information when fac...

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Albania is preparing a legal framework for virtual assets

...ovide virtual assets, the risk of using virtual assets for money laundering and market manipulation, and the draft law recognizes the risk of money laundering through the use of digital currencies. According to new regulation it is required that any virtual asset service provider put in place a risk-protected system to monitor transactions for suspicious transactions. The licensees will also have ...

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First Digital Securities Exchange Approved by Financial Conduct Authority

...), announced becoming Financial Conduct Authority (FCA) regulated digital securities exchange and custodian in the UK**. Archax has also become the first company to receive crypto-asset registration from the UK regulator, making it a fully compliant virtual asset service provider (VASP). This is major step for the emerging global digital securities field. For the first time, digital issuances f...

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