What FATF’s Latest Guidance Means for DeFi, Stablecoins and Self-Hosted Wallets

The Financial Action Task Force (FATF)’s long-awaited update to its guidance on virtual assets lays out a comprehensive set of guidelines to regulate the quickly evolving cryptocurrency space. With this update released, digital assets firms in the coming years are likely to encounter more clarity on anti-money-laundering and combatting the financing of terrorism (AML/CFT) regulations […]

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Crypto Exchange WOO Network Closes $30M Series A

The round was oversubscribed by 200%, the press release said. WOO Network describes itself as a “deep liquidity network” and aims to provide “best-in-class liquidity” and connect traders, centralized exchanges, institutions and decentralized finance (DeFi) platforms. Deep liquidity and zero-fee trading will help the startup make its mark on the competitive crypto exchange market, Three […]

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Biden Administration Sanctions Crypto Exchange Chatex Over Ransomware Allegations

The U.S. Treasury Department sanctioned crypto exchange Chatex for its alleged involvement in ransomware operations, the federal agency said in a Monday press release. It is the second time that the U.S. Treasury Department has sanctioned a crypto exchange. Chatex “has facilitated transactions for multiple ransomware variants” and has provided “material support” to crypto over-the-counter […]

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