Daily Archives: 01/03/2022

British authorities intend to tighten requirements for the registration of crypto companies

The new bill will require owners of cryptocurrency companies to provide more personal data to the UK Companies House (CH). The UK government has proposed a series of reforms that will provide more oversight of cryptocurrencies “for the purposes of combating money laundering and terrorist financing.” The rules will be laid out in a new economic crimes bill aimed at addressing the problem of “using cryptocurrencies to hide their illegal origin.” The changes should tighten…

The White House asked cryptocurrency exchanges to block users from Russia who were on the sanctions lists

The Biden administration reminded cryptocurrency exchanges that Russian users on sanctions lists should not receive digital currency trading and exchange services. According to Bloomberg, the White House is holding relevant discussions with operators of the largest cryptocurrency platforms. According to US officials, Russians who are on the sanctions list may well begin to use cryptocurrencies to circumvent sanctions. As a White House official emphasized, the Biden administration does not believe that cryptocurrencies can really replace…