Europe Issues ‘Travel Rule’ Guidelines for Crypto Firms Amid Push to Curb Money Laundering, Financial Crime

Europe Issues ‘Travel Rule’ Guidelines for Crypto Firms Amid Push to Curb Money Laundering, Financial Crime

The European Union (EU) is adding more layers to its crypto-related regulations to ensure that virtual digital assets (VDAs) are not misused by criminals to conduct or finance illicit activities. The European Banking Authority (EBA) has imposed a ‘travel rule’ on crypto firms that will require them to store details…

Binance Tightens Oversight of Its Services, Offers Rewards for Reporting Misuse

Binance Tightens Oversight of Its Services, Offers Rewards for Reporting Misuse

Binance has decided to add more layers of security over the management of accounts on its platform. The exchange’s decision comes after internal analyses showed that some of its features and services were being exploited to fetch unfair advantages, such as a better fee rate and higher API limits. Binance…