Month: December 2020

2020 in Review: Major regulatory developments in cryptocurrency globally

This year has been a busy one for regulations in cryptocurrencies. Both at a supra-national level, with the FATF, as well as at the national level, many countries have actively issued new rulemaking or undertaken significant enforcement or monitoring activity. AML/KYC was a predominant theme of regulatory activity this year, though some significant new frameworks were …

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FinCEN regulation of Unhosted Wallets

FinCEN proposes to establish a Foreign Jurisdictions List which includes countries with heightened AML risk which can also be expanded to include countries that have deficient regulatory frameworks. This article will also talk about the impacts of this List on other countries like India.