The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business.
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UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules
Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration
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UK FCA buys another 9 months to review crypto companies’ registrations
The Temporary Registrations Regime’s end date for crypto companies has been pushed to March 2022.
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Crypto firms not meeting AML standards, says UK minister
Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year.
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Korean gov’t clarifies crypto regulatory roles of different agencies
After some confusion, South Korea’s government has laid out which state and regulatory bodies are charged with the oversight of various aspects of crypto-related activities.
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Korea’s crypto market is among the strongest — and the strangest — in the world
Between strict capital controls and regulations, Korea’s cryptocurrency industry is so closed off that Bitcoin commands a steep premium and DeFi is in its infancy.
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