Switzerland has established itself as a crypto haven, attracting a lot of crypto businesses due to its advanced regulatory framework and crypto-friendly approach. With one of the robust licensing and AML/KYC policies in the world, Switzerland revamped its framework for tokens by enforcing the DLT Act in 2021. The new law allows tokenized securities to trade on the blockchain with the same legal standing as traditional assets.
.png)
Though the regulators accept that most of the activity related to crypto is licit, they are also worried about the increased use of crypto in facilitating illicit transactions.
Ahead of the revisions in the Bank Secrecy Act, FinCEN issues the first AML/CFT National Priorities List. Read the blog to learn more
The FATF, the global standard-setter for anti-money laundering and countering the financing of terrorism (AML/CFT), released its second 12-month review on virtual assets. Read the key points to note here.
.png)
FATF, the global money laundering and terrorist financing watchdog, released its second 12-month review on virtual assets today. Read our 5 key takeaways here.
Outcomes from the Key Takeaways from the FATF Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers including Travel Rule, Stablecoins, DeFi, peer-to-peer transactions, and more.
Blockchain analytics can be used to evaluate financial risks, detect illicit activities, investigate crypto crimes, and track stollen crypto amongst other things. Read more about what is blockchain analytics and how does it work
Privacy coins preserve anonymity and ensure untraceability by hiding the flow of funds across their networks. The use of privacy coins for illicit activities using crypto is rapidly increasing and so is the regulatory over them. Find out more about privacy coins work, the pros/cons, and the legal implications of using them
