Taiwan will formally regulate bitcoin under anti-money laundering rules by the end of the year, says its minister of justice.
The Central Bank of Taiwan is eyeing new rules that would bring bitcoin under the island's existing anti-money laundering regulations.
The world's economic leaders are seeking a globally coordinated policy on cryptocurrencies. This could take a while. But that may be just as well.
Two South Korean regulators are reportedly launching an investigation of banks' implementation of anti-money laundering procedures for exchanges.
The Thai Cabinet has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states.
Malaysia's central bank is now requiring domestic crypto exchanges to comply with anti-money laundering and know-your-customer mandates.
The bank warns its investors that cryptocurrencies could hamper its ability to comply with anti-money-laundering regulations, among other dangers.
Tracking funds on the blockchain may help catch crooks, but such snooping undermines one of the most important characteristics of money: Fungibility.
If OFAC turns its eye toward cryptocurrencies, it could be only a matter of time before it makes an example of one or more entities to send a message.
Regulators want cryptocurrency exchanges to know who their customers are – but that requires these companies to collect very sensitive information.