FinCEN Withdraws Crypto Rules Targeting Mixers And Unhosted Wallets
TL;DR FinCEN has withdrawn two proposed digital-asset rules covering unhosted-wallet transactions and convertible virtual currency mixing. Both proposals had remained unfinished for years and would have added new recordkeeping or reporting obligations for financial institutions. The withdrawals do not remove the AML and KYC rules that already apply to regulated crypto businesses. Two long-running U.S.…
Curious About What The CLARITY Act Says About XRP? Here Are The Parts To Focus ON
With the US Digital Asset CLARITY Act inching closer to becoming law, many investors and supporters are eager to know how it could shake things up for XRP. A crypto analyst has broken down the specific sections of the bill that could directly impact XRP, Ripple, and its stablecoin RLUSD. These key parts touch on…
Crypto Exchange Korbit Fined $1.90 Million By South Korean Regulators
South Korea’s top money-laundering watchdog has slapped crypto exchange Korbit with a fine worth about ₩2.73 billion, or roughly $1.90 million, after finding widespread lapses in its compliance controls. According to regulator statements and multiple news reports, the move follows an on-site inspection that uncovered thousands of rule breaches and several risky transfers abroad. Regulatory…
Ripple’s XRP Ledger Just Introduced A Pivotal Update In Its Quest For Dominance
New updates have been made to Ripple’s XRP Ledger (XRPL) as the network looks to dominate and gain more traction. This is also a positive for XRP, which serves as the network’s bridge currency. Ripple’s XRP Ledger Gets A New Update In an X post, XRP validator Vet revealed that the credentials amendment on the…
Dubai Sets Global Precedent As VARA Approves First Crypto Options License
Dubai has officially cemented its position at the forefront of global crypto regulation. This bold regulatory step positions Dubai as a global trailblazer in shaping the future of institutional crypto markets and blending innovation with compliance. As jurisdictions around the world debate how to handle digital assets, Dubai is already laying the groundwork for the…