Category: CryptoCurrency

The Bank of Spain Establishes a Mandatory VASP Registry

The Bank of Spain Establishes a Mandatory VASP Registry

Spain’s Central Bank has officially established the country’s necessary register for Virtual Asset Service Providers (VASPs). Additionally, the bank removed any worries financial institutions had about whether they needed to apply for the registry given their compliance with AML regulations. All organisations and individuals wishing to provide crypto-related services in Spain must register with the…

Korean Banks Released From Liability for Crypto-Related Crime

Korean Banks Released From Liability for Crypto-Related Crime

South Korean banking institutions have reportedly demanded immunity from prosecution for crimes involving cryptocurrencies, such as money laundering. According to local media reports, banking regulators are currently working on legislation that will absolve Korean banks of duty when it comes to screening the crypto exchanges with which they do business. New Guidelines to Ensure South…

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