Mining Industry Development Committee established in Pakistan

Mining Industry Development Committee established in Pakistan

Mining Industry Development Committee established in Pakistan In the Pakistani province of Khyber Pakhtunkhwa, a federal advisory committee, the KP Crypto Advisory Committee, has been formed to regulate the cryptocurrency mining and cryptoasset industry. Ziaulla Bangash, Khyber Pakhtunkhwa Minister’s Advisor for Information Technology, tweeted that the committee had already held its first meeting on March 17. According to the direction of Minister Mahmood Khan, the provincial administration is taking serious steps to develop cryptocurrencies and…

The Central Bank of Ireland to oblige cryptocurrency firms to verify the identity of customers

The Central Bank of Ireland will oblige cryptocurrency firms to verify the identity of customers

The central bank of Ireland has extended the anti-money laundering laws to cryptocurrency firms – starting from April, companies will have to conduct special customer checks. In addition to implementing anti-money laundering procedures, Irish cryptocurrency firms will have to comply with other basic requirements of local regulators. Such procedures should be implemented by both cryptocurrency exchanges and digital asset companies and financial service providers for these firms. According to the Fifth Anti-Money Laundering Directive (AMLD5)…