Kuwait Prohibits Crypto Payment, Investment and Mining

Kuwait's financial authority has published a circular that forbids the use of cryptocurrencies for investments or payments, outlaws the mining of any digital assets.

• 2023-07-21
• Capital Markets Authority Financial Authority Kuwait Central Bank of Kuwait digital assets Financial Action Task Force financial instruments decentralized nature

Kuwait Regulator Bans Crypto Payments, Investment and Mining

The prohibitions are an effort to comply with the FATF's recommendations to prevent money laundering via crypto, the Capital Markets Authority said.

• 2023-07-20
• Capital Markets Authority The Capital Markets Authority financial regulator Central Bank of Kuwait Financial Action Task Force Kuwait

Why G7’s proposed crypto regulations will be bad for DeFi

FATF’s travel rule is looming over the crypto industry as an existential threat, writes Jack Jia of Unlimint. Here's why it's especially worrying to DeFi and self-custody wallet users.

• 2023-06-05
• Group of 7 KYC Financial Stability Board service providers crypto International Monetary Fund DeFi Financial Action Task Force service provider

Japan To Implement Stricter Rules on Crypto Exchanges

Starting on June 1, Japan will implement stricter anti-money laundering (AML) measures for cryptocurrency transactions.

• 2023-05-25
• Japan Crypto Exchanges Financial Action Task Force

First Mover Americas: Bitcoin Dips Below $27K After Hot UK Inflation Report

The latest price moves in bitcoin (BTC) and crypto markets in context for May 24, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

• 2023-05-24
• Consumer Price Index Financial Action Task Force

Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report

Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers.

• 2023-05-24
• Japan Financial Action Task Force anti-money laundering

Pakistan’s Minister of State for Finance and Revenue Says Crypto Will ‘Never Be Legalized’

Pakistan's government remains resolute in its opposition to cryptocurrencies, despite retail users turning to digital assets.

• 2023-05-19
• State Bank of Pakistan Pakistan Financial Action Task Force digital assets Aisha Ghaus Pasha Prime Minister Imran Khan

Mastercard Launches Crypto Credential Service for Cross-Border Transfers

The set of verification standards uses technology from the CipherTrace, the well-known blockchain analytics platform Mastercard agreed to acquired in late 2021.

• 2023-04-29
• Mastercard Credential service Raj Dhamodharan Financial Action Task Force Cross-border transactions digital assets