KuCoin EU hires anti-money laundering talent to appease Austrian regulator
KuCoin was ordered by Austria’s FMA to halt business in the EU because of a shortfall in AML and compliance staff....
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Fake Hong Kong stablecoins start trading as real ones remain absent
Hong Kong's central bank warns that fake stablecoins using "HKDAP" and "HSBC" tickers are already circulating, despite no licensed Hong Kong dollar stablecoins being issued yet. The HKMA granted first licenses to HSBC and a Standard Chartered-led entity in April, with launches expected during Hong Kong's fintech week in November. Regulators urge users to transact only through official, regulated channels to avoid fraud.
Canada proposes crypto ATM ban over scams and money laundering
Canada proposes banning Bitcoin ATMs, citing widespread fraud and money laundering risks. The machines account for 10.1% of global crypto ATMs, making Canada a scam hotspot. The ban follows investigations linking ATMs to domestic and foreign criminal schemes targeting Canadians. The move reflects Ottawa's broader regulatory push to tighten oversight of retail crypto risks and core infrastructure.