The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as a potential money laundering risk.
The South African Reserve Bank (SARB) is aiming to introduce new ‘crypto rules’ to crack-down on cryptocurrency use-cases in evading currency controls. The rules will likely come forth in the first quarter of 2020.
The United States Commodity Futures Trading Commission (CFTC) has obtained over $1.3 billion in administrative penalties in the fiscal year 2019, which included funds collected from cryptocurrency operators.