Blair Halliday becomes chief compliance officer for the U.K. and Europe at Gemini as the EU's Fifth Anti-Money Laundering Directive (AMLD5) goes into effect.
A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Here’s what AMLD5 will mean for the industry.
In its latest guidance released in January, the regulator said firms already custodying digital assets for Germans would not be penalized for not having a license. Instead, they’d be grandfathered into the same protection that crypto custody firms based in Germany already have under the new law.
Deribit will operate out of Panama starting Feb. 10, citing the Netherlands’ presumed adoption of “very strict” anti-money laundering (AML) regulations.