Dubai is tightening its crypto AML playbook, and the message from VARA is blunt: virtual asset firms need to keep an eye on FATF blacklisted and high-risk jurisdictions in real time, or get ready for a very expensive headache. VARA wants real-time FATF monitoring from crypto firms operating in Dubai Anti-money laundering controls are getting […]
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Nigeria’s Senate has moved to bring crypto exchanges and other virtual asset firms under a formal regulatory framework, a sign that the country is done pretending its digital asset market can be managed with vibes and wishful thinking. SB 956 passes second reading Licensing, compliance, and consumer protection are central FATF and IMF standards shape […]
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Turkey’s Crypto Clampdown: Financial Watchdog Gets Power to Freeze Accounts Turkey is rolling out a hard-hitting bill that could change the game for crypto users, granting its financial watchdog, Masak, unprecedented authority to freeze and control both digital and fiat accounts. With a struggling economy and skyrocketing crypto adoption, the government is drawing a line […]
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Sanctioned States Turn Crypto Into a Weapon: FATF Warns of Explosive Surge in Illicit Financing Cryptocurrency, heralded as a bastion of financial sovereignty, is being weaponized by sanctioned states to fund weapons of mass destruction (WMD). The Financial Action Task Force (FATF), a global watchdog combating financial crime, unleashed a scathing report on June 20 […]
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