Tezalpreet Dhanju

Tezalpreet Dhanju

What is AML/KYC in Crypto?

What is AML/KYC in Crypto?

Over the last few years, cryptocurrencies have completely transformed monetary systems. This, however, implies that they have also redefined money laundering.  Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies are financial security measures in place to prevent fraudulent activity....

Binance Gets In-Principle Approval to Operate in Abu Dhabi

Binance Gets In-Principle Approval to Operate in Abu Dhabi

Binance announced that it has obtained provisional authorization to operate as a virtual asset broker-dealer in Abu Dhabi. On April 10, the Abu Dhabi Global Market (ADGM)'s Financial Services Regulatory Authority (FSRA) granted Binance In-Principle Approval (IPA) for...

Axie Infinity’s Blockchain Ronin Hacked for Over $600M

Axie Infinity’s Blockchain Ronin Hacked for Over $600M

The Ronin network, which focuses on gaming, reported a loss of more than $625 million in USDC and ether (ETH). According to the Ronin network's official Substack, the attack targeted Ronin validator nodes for Sky Mavis, the creators...

Japan to Revise Foreign Exchange Law to Prevent Sanction Evasion

Japan to Revise Foreign Exchange Law to Prevent Sanction Evasion

Hokazu Matsuno, Japan's Chief Cabinet Secretary, announced that the government will introduce legislation to revise existing laws on the subject. The country announced plans to amend its Foreign Exchange and Foreign Trade Act, which will result in stiffer...

Ukraine Launches ‘NFT Museum’ to Raise Funds

Ukraine Launches ‘NFT Museum’ to Raise Funds

The Ministry of Digital Transformation of Ukraine is preparing to launch a blockchain-based chronicle of the Russian invasion of Ukraine named MetaHistory NFT Museum. The museum will display Non-Fungible Tokens (NFTs) in the form of digital art combined...

Advertising Standards Authority Issues Guidance on Crypto Ads

Advertising Standards Authority Issues Guidance on Crypto Ads

On March 22, the Advertising Standards Authority (ASA) of the United Kingdom issued an enforcement notice to over 50 firms that market cryptocurrency services. The enforcement notice directed the firms to review their adverts and ensure compliance with...

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