South Korea Fines Bithumb over Misrouted Overseas User Data
A regulatory probe revealed that Bithumb rerouted user data to BingX instead of the consented Stellar exchange, while also failing to secure explicit consent for AML-driven data transfers…
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Bithumb Pushes to Reappoint CEO Despite Regulatory Setbacks
Bithumb seeks to extend CEO Lee Jae-won’s term despite AML penalties and ongoing investigations in South Korea.
FATF Warns Stablecoin P2P Transfers Pose Sanctions Risk
The Financial Action Task Force said peer-to-peer stablecoin transfers via self-custody wallets could bypass AML controls and heighten sanctions evasion risks.
Austria Halts New Business at KuCoin EU Exchange
Austria’s financial regulator has barred KuCoin’s EU entity from onboarding new customers, citing gaps in key AML and sanctions compliance roles.
Binance Rejects Iran-Linked Sanctions Breach Allegations
Binance denied allegations of Iran-linked sanctions violations and investigator dismissals, stating an internal review with external counsel found no compliance breaches.
Dubai Bans Privacy Tokens and Tightens Stablecoin Rules
Dubai’s DFSA has banned privacy tokens and redefined stablecoin rules, shifting crypto asset approval responsibility to licensed firms within the DIFC.
Anti-Money Laundering (AML)
Anti-money laundering refers to regulations and practices that aim to prevent illegal financial activity within cryptocurrency systems.