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Crypto

U.S. banks call for stablecoin rules to cover secondary market trading

U.S. banking groups have urged regulators to clearly extend anti-money laundering rules for stablecoins beyond issuance to secondary market trading. The crypto industry has pushed back, warning that imposing responsibility for transactions issuers cannot control could shrink the DeFi ecosystem. The debate centres on who should monitor transfers after issuance, including movements between exchanges, DeFi protocols and private wallets, and how far regulatory responsibility should reach.

Crypto

AhnLab Blockchain Company launches ABC Cloud Wallet digital asset custody service

AhnLab’s blockchain subsidiary AhnLab Blockchain Company (ABC) has officially opened ABC Cloud Wallet, a custody service supporting the storage and management of digital assets, it said on June 1. The service can be applied for and used online by individuals, companies, institutions and foundations. It is designed to let companies and institutions manage operating authority and policies in line with internal standards, and includes multi-layer security, transaction monitoring and financial linkage expansion.

Crypto

EU to roll out single anti-money laundering rulebook in 2027; banks, fintech and crypto firms face changes

The European Union will introduce a single anti-money laundering regulation, AMLR, across all member states from July 10, 2027, reshaping compliance across the financial sector. The rule will apply directly across the bloc and expand coverage beyond banks to fintech firms, payment service providers and crypto companies. It strengthens requirements for unified KYC, risk assessment and ongoing monitoring, and adds tougher expectations on documentation, traceability and auditability of decisions.