UK Crypto Companies Now Have to Submit Financial Crime Reports
The new FCA policy will see the number of companies required to submit financial crime reports increase from 2,500 to 7,000.
The country is rushing to regulate the crypto market after two local crypto exchanges went offline in April.
The country's latest move to rein in cryptocurrencies went into effect immediately.
Binance said it froze the Hamas-linked wallet.
Existing AML/KYC laws could reduce ransomware proliferation, but it would require an international effort.
The new tool uses an oracle on Chainlink to spot crypto wallet addresses on government watchlists.