Blog de Scorechain

What is the state of crypto regulation in Lithuania?

What is the current crypto regulation in Lithuania? On June 8th, the Ministry of Finance in Lithuania approved amendments to the country’s AML/CFT Law. The amendments aim to increase the transparency of the crypto-asset sector. The amended provisions include, for example: More stringent KYC processes; A ban on anonymous crypto

France: The AMF updates its VASP doctrine

French version below – Last week, the regulator overviewing crypto-assets in France, the AMF, announced updating its doctrine on virtual asset service providers (VASPs). The regulator updated the doctrine to include evolving products and business models from the industry’s players. The AMF doctrine clarifies registration for staking and lending services

Binance regulated in Italy: what is the state of crypto regulation?

Binance Italy receive approval from the local regulator Last Friday, Binance, the cryptocurrency exchange, announced that it was regulated in Italy. Its Italy branch secured a virtual asset service provider (VASP) registration the Organismo per gli agenti e mediatori (OAM). Registration with the OAM is a requirement set forth by

Latest cryptocurrency regulation updates

The last few weeks have been rich in cryptocurrency regulation updates. Cryptocurrency regulations are rapidly evolving. It is vital for VASPs and companies looking to onboard cryptocurrencies to stay ahead of regulatory updates. Here are the latest key takeaways on regulatory matters. An additional wave of sanctions against Russia Worldwide

Ensuring compliance with sanctions against Russia

After the invasion of Ukraine by Russia, worldwide governments reacted swiftly, imposing various sanctions on the country and on key individuals. As these sanctions are mainly financial sanctions, companies must ensure they have processes in place to avoid facilitating sanction evasion. Sanctions are raining on Russia since the start of

Crypto regulation guides: understand AML requirements by country

Scorechain periodically releases crypto regulation guides. These guides help compliance officers grasp every aspect of crypto AML requirements and help them to be compliant. Crypto regulation is evolving worlwide… With the recent explosion in cryptocurrency usage and adoption comes more regulation. Indeed, more and more countries are strictly regulating cryptocurrencies

An in-depth guide on crypto-asset regulation in Germany

Scorechain is happy to announce the publication of its latest regulatory guide. Our guide on crypto-asset regulation in Germany aims to help obliged entities to grasp every aspect of crypto AML requirements in Germany. Why are there more and more crypto-asset regulations? Since the outbreak of the COVID-19 pandemic in

Crypto regulations in Australia

Cryptocurrencies are quite popular in Australia. For example, in 2020, around 18% of people owned cryptocurrencies. With a good number of people showing interest in cryptocurrencies, the state of crypto regulations in Australia is evolving. Indeed, the government implemented anti-money laundering (AML) laws to regulate them and their providers. In

FATF’s updated guidance: 4 things to know

Last Thursday, the Financial Action Task Force (FATF) released its latest guidance1 for a risk-based approach to virtual assets (VAs) and virtual asset service providers (VASPs). The FATF’s updated guidance updated the risk-based approach to VAs and VASPs guidance from 20192. As stated in the FATF’s press release3, this guidance

Regulators’ crackdown on crypto-related ransomware

Ransomware is one kind of cybercrime. The aim is to gain access to a person or entity’s network and lock the stored files. Then, the criminal asks the victim for a ransom, often with cryptocurrency, to get back the locked files. Today, there is more and more ransomware-reported activity which