Knowledge Base

The Monetary Authority Singapore (MAS) governs crypto as digital payment tokens (DPT). The MAS defines DPTs as as a “broad category of digital representations of money, whether or not generated by blockchain.

Off late, the use of mixers and tumblers by hackers, ransomware attackers, money launders, and darknet market users has gone up. However, with the rise in the use of mixers and tumblers for illicit activities, the regulatory scrutiny around them is also rapidly increasing

Mixers and Tumblers seek to enhance privacy and increase anonymity by obscuring the original source of funds. Find out more about how mixers and tumblers work, the pros/cons, and the legal implications of using them.

Updated sanction frameworks and recent enforcement activities illustrate how jurisdictions are using sanctions as tools for combating the use of crypto in illicit activities.

The U.S. Treasury Department releases a stablecoin report that analyzes risks posed by payment stablecoins and provides recommendations for overcoming these risks and addressing regulatory gaps.

An increased focus on consumer and investor protection fuels the U.S regulators to set sights on regulating stablecoins, DeFi platforms, crypto exchanges, digital asset securities amongst other things. Read the blog to learn more

On Feb 25th, FATF confirmed that it will revise the current Travel Rule and will also seek public consultation on amendments to its June 2019 guidance outlining AML/CFT obligations. Read the blog to learn more

Germany enforces crypto Travel Rule, strengthening its AML/CFT Regulatory Regime