Chapter 10 Cryptocurrency and Financial Crime Regulatory Responses in the US UK and South Africa.docx | Zenodo Skip to main Communities My dashboard Log in Sign up Published April 19, 2026 | Version v10 Book chapter Open Chapter 10 Cryptocurrency and Financial Crime Regulatory Responses in the US UK and South Africa.docx Authors/Creators Magangeni, Lloyd Contributors Researcher: Magangeni, Lloyd Description Abstract Cryptocurrencies have enabled new forms of financial crime – ransomware payments, money laundering via mixers, and exchange fraud – while also challenging traditional regulatory boundaries. This chapter compares the regulatory responses of the United States, the United Kingdom, and South Africa to crypto‑related financial crime. The US has a fragmented but aggressive regime: the SEC treats most tokens as securities, the CFTC regulates derivatives, and FinCEN imposes AML obligations on money service businesses. The UK has a more unified approach under the FCA, which supervises crypto asset activities under the Money Laundering Regulations. South Africa has declared crypto assets as financial products under the Financial Advisory and Intermediary Services (FAIS) Act, but enforcement is nascent. Using FATF’s Travel Rule as a benchmark, we assess each country’s implementation, de‑risking practices, and cross‑border cooperation. We find that all three struggle with unhosted wallets and decentralised finance (DeFi). Bridging strategies include a trilateral information‑sharing arrangement for crypto‑related SARs, joint blockchain analytics training, and a harmonised approach to DeFi regulation. The chapter concludes that without global coordination, crypto criminals will arbitrage regulatory gaps. Files Files (24.9 kB) Name Size Download all Chapter 10 Cryptocurrency and Financial Crime Regulatory Responses in the US UK and South Africa.docx md5:40865360ec8b0be90ccb287bfed8a282 24.9 kB Download Additional details Dates Copyrighted 2026-04-19 25 Views 13 Downloads Show more details All versions This version Views Total views 25 25 Downloads Total downloads 13 13 Data volume Total data volume 324.2 kB 324.2 kB More info on how stats are collected.... Versions External resources Indexed in OpenAIRE Communities Keywords and subjects Keywords Cryptocurrency; Bitcoin; money laundering; ransomware; FATF Travel Rule; SEC; FCA; FSCA; South Africa Details DOI DOI Badge DOI 10.5281/zenodo.19654028 Markdown [](https://doi.org/10.5281/zenodo.19654028) reStructuredText .. image:: https://zenodo.org/badge/DOI/10.5281/zenodo.19654028.svg :target: https://doi.org/10.5281/zenodo.19654028 HTML <a href="https://doi.org/10.5281/zenodo.19654028"><img src="https://zenodo.org/badge/DOI/10.5281/zenodo.19654028.svg" alt="DOI"></a> Image URL https://zenodo.org/badge/DOI/10.5281/zenodo.19654028.svg Target URL https://doi.org/10.5281/zenodo.19654028 Resource type Book chapter Publisher LOMAG PTY Languages English Rights License Creative Commons Attribution 4.0 International The Creative Commons Attribution license allows re-distribution and re-use of a licensed work on the condition that the creator is appropriately credited. Read more Copyright 2026 Lloyd Magangeni Citation Export Technical metadata Created April 19, 2026 Modified April 19, 2026 Jump up About About Policies Infrastructure Principles Projects Roadmap Contact Blog Blog Support Help FAQ Developers REST API OAI-PMH Contribute GitHub Donate Funded by Powered by CERN Data Centre & InvenioRDM Status Privacy policy Cookie policy Terms of Use This site uses cookies. Find out more on how we use cookies Accept all cookies Accept only essential cookies