AML Laws

Brazil’s BCB Classifies Stablecoins as FX, Bringing Stricter Crypto Rules

November 12, 2025

Brazil’s central bank (BCB) has finalized crypto regulations that classify stablecoin transactions and certain wallet transfers as foreign exchange operations, extending AML and compliance requirements to digital assets under new frameworks set to take effect in 2026.

Policy·Regulation

United Texas Bank Hit with Cease-and-Desist Order by Federal Reserve

September 5, 2024

United Texas Bank, one of the few remaining U.S. banks that services cryptocurrency firms, has been issued a cease-and-desist order by the Federal Reserve. The Dallas-based bank was cited for “significant deficiencies” in its adherence to anti-money laundering (AML) laws related to its dealings with crypto clients, among other alleged violations. The order was issued