BIS Floats ‘AML Score’ for Crypto at Bank Off-Ramps

The Bank for International Settlements (BIS) has proposed a provenance-based risk score system for crypto-to-fiat off-ramps. In its Wednesday BIS Bulletin, the institution outlined “an approach to anti-money laundering compliance for cryptoassets,” recommending that a compliance score be assigned to crypto holdings before they are exchanged for fiat currency. “An AML compliance score based on…

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New York Bill Would Tax Crypto Sales, Transfers

The US state of New York may tax the sales and transfers of crypto and non-fungible tokens (NFTs), under a bill submitted in the state’s Assembly. Assembly Bill 8966, introduced on Wednesday by Democratic Assemblymember Phil Steck, would add a 0.2% excise tax on “digital asset transactions, including the sale or transfer of digital assets.”…

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Hong Kong’s SFC sets new custody standards for crypto trading platforms

Key Takeaways Hong Kong’s SFC há introduced new standards to enhance the custody of virtual assets for licensed trading platforms. The guidance mandates stronger wallet infrastructure, access controls, and management oversight to address global security risks. Share this article Hong Kong’s Securities and Futures Commission (SFC) has issued a circular to all licensed virtual asset…

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