OKX Freezes $40K in Stablecoins After User Buys KYC Accounts — CEO Explains Why
OKX froze $40K in stablecoins after a user purchased KYC accounts. CEO Star Xu explains the importance of compliance and asset security in the crypto industry.
AML/KYC
Dubai Regulator Bans Privacy Tokens in DIFC Introducing Tighter Crypto Rules
Dubai regulator bans privacy tokens and anonymity tools in DIFC to align with global AML and sanctions standards, signaling a shift towards stricter crypto regulations.
Dubai free zone shifts crypto token vetting to licensed companies
Dubai’s free zone shifts crypto token vetting to licensed companies, introducing a new company-led suitability model and AML expectations that may impact support for privacy-focused assets.
OKX founder defends asset freezes after user admits buying KYC accounts
OKX founder Star Xu defends the exchange’s decision to freeze $40,000 in stablecoins after a user admitted to buying verified KYC accounts, citing strict KYC and AML obligations.
India Tightens Crypto KYC Rules With Live ID and Location Checks
India tightens crypto KYC rules with live ID and location checks, aiming to prevent illicit activities and ensure AML compliance.
India tightens KYC requirements for crypto user onboarding
India tightens KYC requirements for crypto user onboarding to enhance regulatory oversight and combat illegal activities, addressing concerns about tax evasion and money laundering.
South Korea’s Top Court Rules Bitcoin on Exchanges Can Be Seized
South Korea’s Supreme Court rules that Bitcoin held on exchanges can be seized as property, setting a precedent for cryptocurrency regulation and AML measures.
Illicit Crypto Hits All-Time High $154B; Stablecoins Lead at 84%
Illicit cryptocurrency transactions reach all-time high of $154 billion, with stablecoins leading the way at 84%. A new era of crypto crime has begun, with sanctioned entities seeing a 694% increase in funding.
The Last Stand for Financial Privacy
The global push for financial transparency is intensifying, but the crypto community is rallying to protect financial privacy. Explore the challenges and solutions in this critical battle.
Crypto Oversight Strengthens in India as 49 Exchanges Register With FIU
India’s Financial Intelligence Unit (FIU) has revealed that 49 cryptocurrency exchanges have registered under the country’s anti-money laundering framework, strengthening regulatory oversight of the digital asset sector.