Remove Compliance Remove Cryptocurrency Remove NFTs
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Finovate Global: Talking Fintech Regulation in the European Union with EverC’s Maya Shabi

Finovate

On the other hand, tighter regulations come with higher compliance costs and can limit the flexibility thats often critical for driving rapid innovation. One early issue will be compliance with the Instant Payments Regulation (IPR). Simultaneously, the growing complexity of EU compliance is driving up demand for RegTech solutions.

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NFTs and Money Laundering - Are Fraudsters Becoming Artists?

FICO

In part 1 of this blog series my colleague defined NFTs or Non-Fungible Tokens. I think NFTs are even better for illicit purposes than traditional art, simply because the hurdles are lower. So, how do criminals go about using NFTs to launder money? Four steps to using NFTs for money laundering: Create the artwork.

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80+ Companies Shaping The Blockchain Landscape

CB Insights

For example, online exchanges are making cryptocurrency trading and investing more accessible to consumers. Meanwhile, non-fungible tokens ( NFTs ) are making strides toward becoming mainstream. But blockchain’s potential extends well beyond crypto and NFTs. download our best of blockchain research. First name. Company name.

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Less Than 1 in 10 Firms Are Fully Prepared for MiCA With 25% Having Made No Preparations

The Fintech Times

. “There is a relative lack of awareness among some areas in the market as to who is in scope, which will need to be addressed if firms are going to have time to get ready for compliance.” “Our commitment to compliance and security means we are in a strong position to adapt to these welcome changes.

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Digital Assets in Compliance with Regulations in the UK & EU

Segpay

The terms “digital assets” and “cryptocurrencies” are often used interchangeably, which may lead to confusion. Therefore, it is important to understand that all cryptocurrencies are digital assets, but not all digital assets are cryptocurrencies. Billion by 2031 , growing at a 32.2%

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In the age of crypto, is FATF playing catch-up on Recommendation 16?

The Payments Association

However, the emergence of decentralised finance (DeFi), virtual asset service providers (VASPs), and borderless crypto transactions has created significant challenges for the FATFs framework, making enforcement and compliance more complex. NFTs, layer-2 scaling solutions, and DAOs) constantly emerging. In 2019, the FATF extended R.16

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Here Are All The Licensed Crypto Services Providers in Singapore

Fintech News

On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies.