CryptoCompliance

Regulators worldwide are finding it tough to keep up with the fast-evolving crypto markets due to talent shortages and stretched resources, highlighting the need for innovative solutions like those offered by Bitlet.app.

HSBC has made a strategic investment in Elliptic, a leading blockchain analytics firm, marking the company as the only blockchain analytics provider supported by four major global banks. This move aims to enhance Elliptic's capabilities in stablecoin oversight, AI compliance tools, and blockchain coverage to meet growing institutional demands amid rising digital asset regulations.

The New York State Department of Financial Services has introduced a new General Framework for Greenlisted Coins to replace the existing process, enhancing standards for coin-listing and delisting policies for licensed Virtual Currency Businesses. Public comments are invited until October 20, 2023.

Senators Warren and Marshall introduced a bill in December 2022 focusing on regulations surrounding digital asset kiosks. This regulation clarifies the responsibilities of operators of crypto kiosks to ensure safer transactions in the crypto space.