Cryptocurrency Compliance

Ireland fines Coinbase million for failures to monitor money laundering

Ireland fines Coinbase $25 million for failures to monitor money laundering

amefika7 months ago03 mins

The Central Bank of Ireland has fined Coinbase Europe Limited almost $25 million after finding that the cryptocurrency exchange failed to properly monitor billions of dollars worth of transactions that could have involved criminal activity. The regulator said Coinbase’s systems failed to verify more than 30 million transactions, worth around $202 billion, between 2021 and…

New US Crypto Regulations: Framework for Market Growth and Improvement Security

amefika8 months ago03 mins

The cryptocurrency industry is at a crucial moment. For years, unclear regulations and inconsistent policies have created uncertainty. Now a real opportunity has arisen to establish clear and effective rules. The Blockchain Association has introduced a market structure framework aimed at protecting consumers, encouraging innovation, and keeping the United States at the forefront of digital…