Crypto AML News Week – Dec 3

**The most important news stories in the cryptocurrency regulation space over the past week include several key developments:**

1. **US Government’s Stance on Illicit Money Flows**: The U.S. government has warned that it will cut off cryptocurrency companies from the broader economy if they fail to block and report illicit money flows. [Read more](https://www.reuters.com/technology/us-will-be-forced-curtail-crypto-if-industry-fails-act-illicit-money-flows-2023-11-29/).

2. **FTX and Binance Influence**: The scandals involving FTX and Binance continue to significantly impact public opinion and regulatory perspectives on digital currencies. [Read more](https://theconversation.com/ftx-and-binance-how-latest-crypto-scandals-could-influence-public-opinion-on-digital-currency-regulation-196498).

3. **SEC’s Regulatory Strategy**: Katherine Kirkpatrick, Chief Legal Officer at Cboe Digital, discussed the current state of regulatory affairs within the U.S. Securities and Exchange Commission (SEC). [Read more](https://coinpedia.org/news/sec-strategy-unveiled-insights-from-cboes-chief-legal-officer/).

4. **US Lawmakers’ Push for Crypto Regulations**: U.S. lawmakers are advocating for the inclusion of cryptocurrency regulations in year-end bills, particularly in the National Defense Authorization Act. [Read more](https://www.cryptopolitan.com/crypto-regulations-still-in-play-as-u-s-lawmakers-push-for-inclusion-in-year-end-bills/).

5. **Hong Kong’s Licensing of Crypto Services**: Hong Kong has approved its first licensed Limited Liability Company to offer cryptocurrency services. [Read more](https://dailycoin.com/regulations/).

6. **US Treasury’s Actions Against Crypto Mixer**: The U.S. Treasury has taken action against a cryptocurrency mixer accused of facilitating transactions for North Korea. [Read more](https://www.coindesk.com/policy/2023/11/28/us-treasury-sanctions-crypto-mixer-blenderio-for-alleged-role-in-laundering-stolen-funds/).

7. **Bitcoin’s Environmental Impact**: A report estimates that Bitcoin mining consumed a substantial amount of water in 2021, adding pressure to the discussion about the environmental impact of cryptocurrency mining. [Read more](https://cryptonews.com/news/bitcoin-water-footprint-adds-pressure-mining-regulations-report.htm).

8. **Global Crypto Regulation Trends**: Governments and regulatory bodies are increasingly taking steps to curb criminal behavior in the cryptocurrency industry and enforce accountability. [Read more](https://www.claytoncountyregister.com/new-regulations-on-cryptocurrency-a-necessary-step-towards-accountability/).

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