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Revolut has officially selected Cyprus as the central base for its European digital asset operations, following the company’s acquisition of a Markets in Crypto-Assets (MiCA) licence from the Cyprus Securities and Exchange Commission (CySEC) through its local entity, Revolut Digital Assets Europe Ltd. This newly granted authorization signals the beginning of a significant new chapter for both Revolut and Cyprus, as the MiCA regulation introduces a comprehensive European frame

Australia’s financial intelligence regulator, AUSTRAC, has intensified its crackdown on illicit cash-to-crypto operations, zeroing in on a key player whose compliance lapses expose growing vulnerabilities in the nation’s digital currency oversight. The enforcement action against Cryptolink Pty Ltd not only underscores AUSTRAC’s sharpened focus on crypto ATM operators but also highlights how traditional laundering techniques are being repurposed through emerging technologies.

A recent federal conviction in New York has exposed how seemingly modest cryptocurrency donations can evolve into a sophisticated terrorist-financing laundering operation. The case of Abdullah At Taqi and Mohamad David Hashimi demonstrates that even limited transfers disguised as charitable aid can sustain violent organisations when paired with modern digital tools and weak oversight. It also underscores how anti-money-laundering frameworks are adapting to trace cross-platfor

Britain’s financial markets regulator has initiated legal action against HTX, a global cryptocurrency exchange, accusing the firm of unlawfully promoting crypto asset services to UK consumers. The Financial Conduct Authority (FCA) confirmed that it had filed civil proceedings in London’s High Court against HTX, formerly known as Huobi, for violating Britain’s financial promotions regime. According to the FCA’s website, HTX is not authorised to operate in the United Kingdom. “

In a landmark action that redefines the scope of anti-money laundering (AML) enforcement in Canada, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has levied an unprecedented administrative monetary penalty of CAD 176,960,190 against the Canadian-registered entity Xeltox Enterprises Ltd., operating as Cryptomus. The penalty, imposed under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its Regulations, marks a wat

The Securities and Futures Commission (SFC) of Hong Kong has moved into a decisive new phase in reshaping anti-money laundering and compliance standards for digital asset funds. The regulator’s ASPIRe roadmap—first unveiled in early 2025 and reinforced at a recent industry seminar—signals a definitive shift from a period of regulatory experimentation toward an institutional-grade compliance regime. Under this new model, every participant in Hong Kong’s virtual asset ecosystem

Coinbase has urged the U.S. Department of the Treasury to modernize the nation’s anti-money-laundering (AML) frameworks, arguing that existing rules no longer reflect the realities of a digital financial ecosystem. In its October 2025 response to the Treasury’s Request for Comment on Innovative Methods to Detect Illicit Activity in Digital Assets, the exchange positioned itself at the heart of an evolving debate over how regulators and the crypto industry can collaborate to s

Serbia’s Ministry of Finance has drawn the attention of compliance professionals across Europe as it moves forward with plans to develop a nationwide digital asset surveillance capability. The initiative centers on a central monitoring system designed to absorb public blockchain data, enrich it with intelligence on entities, and cross-reference it with reports from regulated institutions. This integrated approach could redefine how suspicious financial activity is detected an

Despite being blacklisted in 2022 and repeatedly pursued by regulators and investigators, Garantex and its network of spin-offs have continued to move vast sums across borders. Between 2019 and 2025, blockchain analytics trace approximately $96 billion in transactions to entities linked to Garantex, with at least $1.3 billion directly associated with criminal activity. These flows were not isolated occurrences but part of a sophisticated, parallel payment ecosystem engineered

The European Banking Authority (EBA) has published a report highlighting attempts within the crypto industry to circumvent newly...

From the market turbulence at the start of the year to the explosive summer rally fueled by institutional investments, ETFs, and...

Money laundering has long been one of the greatest risks facing financial innovation, and the emergence of central bank digital...

A group of leading European banks is planning to launch a new euro-denominated stablecoin, aiming to bring crypto-averse investors in the...

KuCoin is once again in the regulatory spotlight after Canada’s financial intelligence unit, FINTRAC, imposed a CA$19,552,000 penalty on...

The Royal Canadian Mounted Police (RCMP) have carried out the country’s largest cryptocurrency seizure to date, recovering more than C$56...

The latest notice to banking organizations in New York has intensified regulatory scrutiny over how virtual currency activity intersects...

The UK’s Financial Conduct Authority (FCA) has announced a wide-ranging consultation on whether cryptocurrency companies should be...

Malta has voiced opposition to a joint proposal from France, Italy, and Austria that would hand the European Securities and Markets...

France has issued a stark warning that it may move to block the passporting rights of crypto firms across the European Union unless...

Firms that have built their business models around accumulating and holding bitcoin and other cryptocurrencies are now enduring sharp...