1/ US Treasury Pushes for Crypto Regulation. 🇺🇸 While speaking at George Washington University Law School, Assistant Secretary Graham Steele ( @steelewheelz ) advocated for setting up regulatory frameworks in the crypto sector to prevent any potential crises. #Cryptoregulation

1/ South Korea's Financial Intelligence Unit (FIU) has now set its sights on #cryptomixers, as it plans to regulate their use. 🇰🇷 With this move, the FIU reportedly aims to target what it calls the criminal exploitation of these privacy tools. 🚫💰 #cryptoregulations

1/ The European Banking Authority ( @EBA_News ) expands anti-money laundering (#AML) guidelines to include crypto-asset service providers. 🔍 The guidelines highlight crypto's inherent features like rapid transfers & anonymity as risks. 🚨

Delve into the world of US #cryptoregulation with our latest guide on the #FATFTravelRule! 🌐 Discover how this impacts your #cryptotransactions over $3,000. A vital read for crypto users and service providers 👇

1/ Turkey is now closer to finalizing #cryptoregulations, with its focus being on safety & risk reduction. Its main goal is reportedly to exit the #FATF grey list.

𝐃𝐢𝐯𝐞 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐕𝐞𝐫𝐢𝐬𝐜𝐨𝐩𝐞 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐑𝐞𝐜𝐚𝐩! 🌍 #CryptoRegulation Explore how Nigeria's #crypto policy shift, UAE's new #AML rules, and more are transforming the global #digitalasset landscape. More details👇

Understanding the UK #CryptoTravelRule just got easier. 🇬🇧#cryptoregulations Our latest blog post breaks it down. From no minimum thresholds to detailed compliance for transfers over £1,000 Dive into the details now 👇

1/ Nigeria's @cenbank issues guidelines for banks to open accounts for licensed crypto companies, a significant shift from its previous #cryptoban. Under new rules, Nigerian #VASPs must register with the #SEC and adhere to strict banking protocols. ✅

1/ The Philippines’ financial watchdog @BangkoSentral is tightening crypto transfer rules in line with the #FATFTravelRule requirements. ⚖️⚡️ The Travel Rule's threshold in the Philippines will be P50,000. ⚠️ #CryptoRegulation

🎉 Wrapping up an incredible year at #ShyftNetwork! 🚀 From inking new partnerships to major tech advancements, we've set a new bar for innovation within the #crypto and #regtech space. Check out our 2023 Year-End Report 👇

Introducing User Signing on Veriscope Shyft Veriscope's new User Signing feature is here to simplify #FATFTravelRule compliance. It will balance regulatory needs with #userprivacy, offering a secure method for verifying transactions. Learn more 👇

1/ The UAE's FSRA updates #AML and #sanctions guidance, incorporating elements to enforce the FATF Travel Rule on #digitalassets. 🇦🇪 This revision will affect both financial firms and designated non-financial businesses.

Wishing a wonderful holiday season to everyone! 🌟 As Shyft Network fosters trust in blockchain data and Veriscope leads in regulatory compliance, we celebrate a year of innovation and collaboration. Here's to a future of growth and impact! 🚀 #HappyHolidays

1/ Switzerland's #FINMA releases Guidance on #staking, detailing regulatory norms for custody staking services linked to #proofofstake protocols.🇨🇭 The guidance reportedly ensures full legal clarity for providers, fostering innovation while maintaining regulatory compliance.

Our Latest blog post on Hong Kong's #CryptoTravelRule is now live! It dives into: - The new threshold for Travel Rule compliance in Hong Kong 📊 - The obligations for VASPs 🛡️ - A comparative analysis with global standards 🌐 More details below 👇

1/ Ghana’s SEC @SECGhana announces a task force to navigate #cryptoregulation, focusing on safeguarding investors in the evolving #crypto space. 🛡️🌍

Dive into Singapore's #cryptoregulations in our latest blog post! 🚀 Here, we explore 👀: Singapore's Payment Services Act ✅ Crypto #TravelRule & Reporting Threshold ✅ Crypto's Legality in Singapore ✅ And more... Details below 👇

1/ South Korea's Financial Services Commission is updating its #cryptoregulations. 💼 Key changes include treating #NFTs differently from #cryptocurrencies and requiring banks to pay interest on crypto deposits held in separate accounts for enhanced transparency. 🔍

Dive into the latest global crypto regulatory updates in our Veriscope Regulatory Recap! 🌍 From Spain's new asset declaration rules to Kenya's taxation plans, and the US's blockchain bills, we're covering it all. More 👇

t.co

#cryptoregulations

1/ November at #ShyftNetwork Last month proved a month focused on technological advancement. We continued working on User Signing for Private Wallets, to be launched in the coming weeks. 🏗️ Do you have any questions or need a demo? Reach out 👉 veriscope@shyft.network.

Dive into the complexities of #FATFTravelRule Compliance in the UAE! 🌐 Our latest blog breaks down the UAE’s #AML and #KYC requirements for VASPs. #cryptoregulations Read the full guide here 👇

Spain has implemented a new rule that makes it compulsory for the country's #cryptoinvestors to declare #crypto held abroad by March 31, 2024. This applies to individuals and businesses with over 50,000 euros in cryptocurrency. #cryptoregulations

1/ The Financial Stability Board (#FSB) proposes stringent global #cryptoregulations in a new report. 🛡️ Aimed at curbing wire fraud and scams, these recommendations target multi-crypto asset intermediaries like crypto exchanges, aligning them with global financial standards. 🔍

What @EBA_News ' EU 2023/1113 #cryptoregulations have in store for the #crypto space. 🇪🇺👀 In our latest blog, we look into their impact on the industry's future. 🔍👇

Dive into our latest Veriscope Regulatory Recap! From Singapore's crypto regulatory tightening to Kenya's draft Crypto Bill, and the UK's digital sandbox to Canada's banking guidelines – we cover the global shifts in #cryptoregulations. 🌍 Tap👇

𝐃𝐢𝐯𝐢𝐧𝐠 𝐃𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐭𝐨 @𝐅𝐀𝐓𝐅𝐍𝐞𝐰𝐬 & 𝐅𝐢𝐧𝐂𝐄𝐍 #𝐓𝐫𝐚𝐯𝐞𝐥𝐑𝐮𝐥𝐞 💸 Part 3 of our series is out now! 🔍 Explore the latest on global implementation, challenges for VASPs, and the rule's impact on #cryptotransactions 👁️

1/ @IOSCOPress issued 18 new recommendations for #cryptoregulation. 💼 With these recommendations, IOSCO aims to align #cryptomarkets with traditional financial market standards, enhancing #investorprotection and reducing systemic risk. 🛡️

⏰ 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫 ⏰ Your voice matters in shaping the future of DeFi! 🌐 Join us in creating #DeFi solutions that are both safe and compliant by sharing your insights. The survey closes on Nov. 25. 🗓️ Make an impact here 👇

1/ 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝐚𝐭 #𝐒𝐡𝐲𝐟𝐭𝐍𝐞𝐭𝐰𝐨𝐫𝐤 A month of focused tech progress. Our team doubled down on enhancing the User Signing for Private Wallets, a continuation of our commitment from September. 🛠️ For demos and queries 👉 veriscope@shyft.network.

October's Shyft Dev Deep Dive is here! We're bolstering User Signing for seamless private wallet transfers, aligning with #TravelRule compliance. A landmark partnership with @Unocoin also sets new standards in #crypto security & trust. 🤝 Read more 👇

1/ New York's @NYDFS tightens #cryptoregulations. 🚨 Licensees must now notify the authority before listing or delisting a #cryptocoin and submit their listing/delisting policies.

Dive into the latest #VeriscopeRegulatoryRecap! From Turkey's #cryptoregulation revamp to exit FATF's grey list, to the UK's #stablecoin scrutiny, and New York's #digitalcurrency task force - we cover it all. 🌏 Tap to read 👇

The @CFTC is preparing a draft proposal to bolster #cryptoregulations. Apparently, the agency aims to extend safeguards to #cryptoexchanges for direct customer trades. This will ensure a clear separation of client and company funds. 🛡️💰

VASPs, searching for a #FATFTravelRule Solution? Discover the 5 must-have attributes of a robust Travel Rule Solution in our latest article. Don't miss out on these insights.👇

1/ The Bank of England & the Financial Conduct Authority have released a plan to regulate #stablecoins. While @BankofEngland will regulate the stablecoins market, @theFCA will do so for the broader crypto market.

#VASPs, looking for clarity on #FATFTravelRule solution costs? Our ultimate guide breaks down pricing models of major Travel Rule Solutions for VASPs, helping you choose wisely. 🏦💸 Find the right balance between compliance and cost. Dive in 👇

⏰ 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫 ⏰ Don't miss your chance to redefine DeFi's tomorrow. 🌐 Take a moment to fill out our survey and contribute to the development of safe and compliant #DeFi solutions. Survey closes Nov. 25 - Act now! 🗓️ 👉 Take part here:

We're excited to announce our strategic partnership with @Unocoin to enhance security and compliance in the #crypto space. 🛠️✨ By joining forces, we're bringing our Veriscope technology to one of India's leading #cryptoexchanges! More details 👇

Are you a VASP looking for the right #FATFTravelRule Solution? 🔍 Our latest Shyft Perspective edition offers a clear comparison of the existing solutions on the market. Find the best fit beyond just features. ⚙️ Why it is important👇

1/ UK Announces Final Crypto & Stablecoin Regulation Proposals 📢 The UK government is set for a phased introduction of #cryptoregulations, with legislation for fiat-backed #stablecoins scheduled for early 2023, under the supervision of @TheFCA .

Spain is fast-tracking the EU's Markets in Crypto-Assets (#MiCA) Act, planning a national enactment by December 2025, well ahead of the general EU deadline in July 2026. The government insists that this decision aims to bolster legal protection for Spanish #cryptoinvestors.

New #VeriscopeRegulatoryRecap! US #FinCEN zooms in on #cryptomixers in a bid to increase transparency. 🇺🇸 UK's new law permits the seizure of crime-linked #crypto without conviction. 🇬🇧 And more... Tap to dive deeper 👇

How can we achieve crypto transactional privacy while ensuring regulatory compliance? In our latest Shyft Perspective, we look into @VitalikButerin ’s proposal on #PrivacyPools and the solution it provides. Dive into the full analysis here 👇

1/ The Australian government will soon mandate #cryptoexchanges with holdings >$5 million or >$1,500/user to secure a Financial Services License from ASIC ( @asicmedia ). These regulations emphasize transparency, solvency, and strict asset custody. 📜🔍

#DeFi Enthusiasts 🙌🏼 Reshape crypto's future with us by taking a short survey. Your input will impact building compliant #DeFi solutions and pave the way for a secure DeFi landscape. Take the survey before Nov. 25! 👇

t.co

1/ On Oct. 20, the European Banking Authority ( @EBA_News ) & the European Securities & Markets Authority ( @ESMAComms ) jointly issued a consultation paper.

1/ #FinCEN proposes designating #cryptomixing as a "primary money laundering concern." 🚫 The proposal suggests U.S. financial institutions maintain detailed records and report transactions involving crypto mixers.

1/ In September, not only did we keep an eye on the evolving global #crypto regulatory landscape, but we also showed unwavering commitment to enhancing the User Signing for Private Wallets feature. 👉https://t.co/p7dOQ12FMG

𝐃𝐢𝐯𝐞 𝐢𝐧𝐭𝐨 𝐒𝐡𝐲𝐟𝐭'𝐬 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝐭𝐞𝐜𝐡 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬! 🚀 Our Dev Deep Dive showcases progress on User Signing for private wallets and our vision for a definitive #TravelRule compliance solution. Get all the details here 👇

The latest #VeriscopeRegulatoryRecap is here! @G20org nations eye "IMF-FSB Synthesis Paper" for #crypto oversight. 🌍 India, leading G20, adjusts its stance. 🇮🇳 And more…. Dive into the latest in global #cryptoregulation 🏂👇🏼