FINTRAC Levies Record $14-Million AML Fine Against KuCoin
Canada’s anti–money laundering watchdog has levied a C$19.5 million penalty against crypto exchange KuCoin for violations of the country’s AML rules.
Tech
France Weighs Blocking Some ‘Passported’ Licenses for Crypto Firms
France has warned it may challenge the right of some crypto companies licensed elsewhere in the European Union to operate domestically, stepping up pressure for stricter oversight of the industry.
Tether to Launch New Stablecoin for U.S. Market
Tether, the issuer of the world’s largest stablecoin USDT, announced plans to launch a new U.S.-based stablecoin called USAT.
Republican Lawmaker Calls for Investigation of Chinese Bitcoin Mining Firms
A Republican lawmaker is urging the U.S. Treasury Department to investigate two Chinese firms tied to the booming Bitcoin mining industry.
OFAC Blacklists Cyber Scammers in Southeast Asia
The U.S. Treasury Department on Monday blacklisted 19 entities linked to large cyber-scam compounds in Southeast Asia that have targeted Americans in romance and cryptocurrency-investment swindles.