Anti-Financial Crime & Financial Crime Compliance
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AML, Crypto, Financial Crime

Crypto firms call for global consensus instead of “fire hose” of rules

US charges KuCoin crypto exchange with AML failures

By Huw Jones

A “fire hose” of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market, a conference was told on Wednesday.

The European Union has finalised the world’s first comprehensive rules for cryptoasset markets, known as MiCA, but others like Britain and the United States are further behind.

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