Bitget mandates KYC requirements in line with tightening global regulations
The exchange operator is instituting new KYC requirements for users from September 2023 to comply with developing global regulatory guidelines.
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California commission outlines campaign disclosure requirements for crypto
The California Fair Political Practices Commission has released disclosure requirements for cryptocurrency contributions to political candidates and committees.
EU lawmakers vote for more restrictive capital requirements on banks holding crypto
Banks could be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto if the full parliament passes the measures.
Switzerland's financial regulator extends reporting requirements for crypto transactions
FINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs.
US govt delays enforcement of crypto broker reporting requirements: Report
The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024.
Basel Committee presses on with restrictive requirements for banks’ crypto holdings
The committee of central banks and regulators has proposed a “conservative prudential treatment” of cryptoassets that banking groups say is prohibitive.
Kazakhstan ramps up power consumption reporting requirements for crypto miners
Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption.
President Biden signs infrastructure bill into law, mandating broker reporting requirements
Crypto was absent from every speaker's lips during the signing ceremony, with bipartisanship and jobs seeming to be the theme of the afternoon.
EU eyes new money laundering regulator and stricter crypto reporting requirements
The new Anti-Money Laundering Authority would comprise the “centerpiece” of a new supervisory system that would include national regulators.
Ripple Keen on Meeting SEC’s Decentralization Requirements: Ripple (XRP) Technical Analysis
Not only is Ripple providing solutions to banks but they are walking the talk implementing their decentralization strategy. As it stands, Ripple (XRP) buyers are keen on reversing May-June losses and are . Odds are they might .
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