Category: AMLD5

The Netherlands’ AMLD5 Interpretation Appears to Be Killing Crypto Firms

The Dutch crypto market is seeing the first of most likely many small crypto exchanges get squeezed out following the passage of heavily criticized anti-money laundering (AMLD5) regulations. Announced Friday in a company blog, Bittr founder Ruben Waterman said...

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Germany’s BaFin Clarifies Licensing Process for Foreign Crypto Custodians

Germany’s Financial Supervisory Authority (BaFin) is clarifying how the country’s new cryptocurrency custody law will apply to firms that operate outside of Germany but still serve the German market. In its latest guidance released in January, the regulator said...

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Gemini Hires Former Circle Compliance Officer to Oversee European Market

Cryptocurrency exchange Gemini has hired former Circle compliance officer Blair Halliday as chief compliance officer and money-laundering reporting officer for the U.K. and Europe, the company announced Tuesday. Halliday will report to Gemini’s managing director of U.K. and Europe,...

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European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect

A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Friday marks the deadline for the European Union’s 28 member nation-states to adopt the Fifth Anti-Money Laundering Directive or AMLD5.  The new rules require crypto exchanges and...

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Dutch Derivatives Exchange Deribit to Move to Crypto-Friendly Panama

Deribit is moving to warmer waters, citing regulatory concerns. Announced Thursday, the Amsterdam-based crypto derivatives exchange will operate out of Panama as DRB Panama Inc., a wholly owned subsidiary of current platform Deribit B.V., beginning Feb. 10.  The company...

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