Regulation can affect a lot of companies in very different ways. The recently introduced AMLD change in Europe is causing plenty of headaches for crypto service providers.
It is evident that European officials want to put an end to money laundering.
To do so, they will introduce the fifth anti-money laundering directive.
This new requirement has severe consequences for cryptocurrency service providers in Europe.
All providers need to perform proper AML and KYC checks at all times.
This also means companies need to maintain records of their customers’ accounts, transactions, and financial sources.
For KyberSwap, this is not a viable option on the slightest.
It is evident that this requirement is costly both in terms of users and finances alike.
KyberSwap has informed all of its customers of how the exchange will be moving to the British Virgin islands.
Today, the company is still located and registered in Malta.
It seems unlikely that the service will be shut down in the meantime, however.
This non-custodial cryptocurrency exchange should remain operational, as there is no active “operation” to be involved in other than service maintenance.
It is not the first time a crypto firm moves out of Europe over 5AMLD.
Earlier, Deribit confirmed it would leave The Netherlands in favor of greener pastures.
A new funding round is putting fresh attention on efforts to expand what can be…
The first few months of 2026 have already delivered a tough lesson for the crypto…
Binance has issued a formal response to a letter sent by Richard Blumenthal, pushing back…
A major security breach has shaken parts of the crypto community after blockchain security researchers…
Two very different players in the Bitcoin ecosystem are quietly strengthening their positions. On one…
Institutional access to regulated crypto derivatives just expanded again. Ripple has announced that clients using…