Tag: FINTRAC
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More ↗: Top 5 Jurisdictions in 2026 for Virtual Asset Companies Not Planning to Enter the EU MarketTop 5 Jurisdictions in 2026 for Virtual Asset Companies Not Planning to Enter the EU Market
In 2026, virtual asset companies are increasingly avoiding the EU market due to the challenges of obtaining a MiCA license. Instead, they are focusing on…
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More ↗: 🇨🇦 Canada Prepares a New Regulatory Framework for Stablecoins🇨🇦 Canada Prepares a New Regulatory Framework for Stablecoins
Canada’s 2025 federal budget plans to establish a regulatory framework for fiat-backed stablecoins, promoting transparency and predictability. Key components include reserve requirements, user redemption conditions,…
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More ↗: What Is the Travel Rule for VASPs?What Is the Travel Rule for VASPs?
The Travel Rule, established by FinCEN, requires financial institutions to share specific customer data during fund transfers to prevent money laundering. In 2019, it was…
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More ↗: Weekly Recap by FinanceIQ HubWeekly Recap by FinanceIQ Hub
President Trump signed the GENIUS Act, establishing a framework for stablecoin regulation in the U.S. The House passed key bills on asset oversight and prohibiting…
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More ↗: ESMA Sets New Standards for Crypto Market Oversight: How MiCA Will Change the Landscape and How Businesses Can PrepareESMA Sets New Standards for Crypto Market Oversight: How MiCA Will Change the Landscape and How Businesses Can Prepare
On April 29, 2025, ESMA published guidelines under MiCA to enhance oversight of the crypto market, focusing on a risk-based approach to prevent market abuse.…
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More ↗: Only the Legal Will Survive: New Rules in the US and EU Put Digital Payment Projects Under PressureOnly the Legal Will Survive: New Rules in the US and EU Put Digital Payment Projects Under Pressure
New regulations in the US and EU are reshaping digital payments. The US SEC has clarified which digital payment tokens may be exempt from financial…
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More ↗: The U.S. Abolishes Beneficial Ownership Reporting for Domestic Companies: Implications for Business and International RegulationThe U.S. Abolishes Beneficial Ownership Reporting for Domestic Companies: Implications for Business and International Regulation
The U.S. Abolishes Beneficial Ownership Reporting for Domestic Companies: Implications for Business and International Regulation After prolonged debates and legal challenges, the U.S. Department of…
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More ↗: Custodial vs. Non-Custodial Wallets: Which One to Choose for Secure Crypto Storage?Custodial vs. Non-Custodial Wallets: Which One to Choose for Secure Crypto Storage?
The choice between custodial and non-custodial wallets significantly affects cryptocurrency security. Custodial wallets offer convenience but compromise control and are vulnerable to hacks. Non-custodial wallets…
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More ↗: OKX to Pay Over Half a Billion Dollars! Could Your Company Be Next?OKX to Pay Over Half a Billion Dollars! Could Your Company Be Next?
Cryptocurrency exchange OKX has settled with the U.S. Department of Justice, paying over $504 million due to operating an unlicensed money transmission business. The company…
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More ↗: OKX Breaks the Regulatory Barrier: First Exchange with Full MiCA License in EuropeOKX Breaks the Regulatory Barrier: First Exchange with Full MiCA License in Europe
OKX has become the first crypto exchange to obtain a full MiCA license in Europe, enabling regulated trading in the European Economic Area. This license…
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