Many cryptocurrency firms in UK in non-compliance with anti-money laundering, financial rules: Financial Conduct Authority

The large majority of cryptocurrency firms are not meeting Britain’s anti-money laundering and financing rules, said the country’s financial watchdog warning that an unprecedented number of them have withdrawn applications to register with it. In a statement, the Financial Conduct Authority (FCA) said, it would extend the date of its temporary registrations regime from July…

Singapore state investor Temasek Holdings joins Facebook-backed Libra digital currency project

Despite facing intense scrutiny from global regulators, Facebook’s Libra project saw Singapore state investor Temasek Holdings joining the cryptocurrency project. Financial regulators are worried that the Libra project when launched could erode national control over money. Late on Thursday, Switzerland-based Libra Association, which manages the Facebook-backed digital currency project, announced Temasek entry into the project.…