A pension fund in the United States has added both Bitcoin and Ether to its portfolio. This marks the first-ever cryptocurrency investment by a US public pension plan, further highlighting institutional demand for crypto exposure. Firefighter Pension Partners With NAYDIG According to a press release from Newswire, the Houston Firefighters' Relief and Retirement Fund (HFRRF) announced their investment this morning. NAYDIG – a Fintech service provider for banks, corporations, and institutions – facilitated the purchase on the fund’s behalf. It…
Tag: 5AMLD
How Is the 5AMLD Disrupting Crypto Service Providers
On January 10th, 2020, the European Union’s 5th Anti-Money laundering Directory (5AMLD) came into force. The new law gives sweeping powers to compliance organizations and law authorities to introduce a series of restrictive demands on crypto companies in a way never seen before. Organizations that deal with crypto-related activity have been under mounting pressure to implement compliance measures to register new clients. With the advent of the law, the compliance measures will only increase on an industry-wide scale, with regulations…
1 year ago
The UK Adopts the 5AMLD Guidelines to Prevent Cryptocurrency Risks
The finance and the economics department of the UK recently strengthened measures to curb the risks associated with cryptocurrencies. Therese Chambers, the Director of Retail and Regulatory Investigations, revealed the new regulations in a speech on the 6th of March 2020. Chambers noted that the UK’s Financial Conduct Authority (FCA) is the official overseer of the Anti-Money Laundering for some crypto objectives, as per the new Money Laundering Regulations (MLR). Chambers Speech on Cryptocurrency Regulations Chambers noted that the UK’s…
2 years ago
