Within the Latin America region, Argentina is one of the countries at the forefront of cryptocurrency adoption, along with Brazil (see our previous article about Brazil), Colombia (see the article here) and Ecuador. In Argentina, the adoption of cryptocurrencies is driven by high annual inflation rates (y.o.y inflation of 78% for 2022 according to the Central Bank), rigid foreign exchange restrictions, …
The Monetary Authority of Singapore (MAS) — Singapore’s central bank and integrated financial regulator — works together with actors of the financial industry to develop and promote Singapore as a dynamic regional and international financial centre. As showed in the past, it generally has an open mind towards emerging technologies and thrives to understand the benefits that …
Approach of the Monetary Authority of Singapore (MAS) towards crypto Read More »
Globally, the cryptocurrency industry is subject to illicit activities, notably money laundering — read about the underlying reasons in our previous article Combating money laundering related to cryptocurrencies. In 2018, the National Risk Assessment (NRA) regarding Risk of money laundering and terrorist financing posed by crypto assets and crowdfunding concluded that this global risk is also considerable for …
On 31. March 2022, European Union lawmakers, through two committees in the European Parliament, jointly voted in favour of introducing a new tracing rule for crypto transfers which originates from the FATF (Financial Action Task Force) Travel Rule first proposed in 2019 — yet going one step further. The FATF Travel Rule is an extension of the …
How the EU Parliament addresses new crypto tracing laws Read More »