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US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...
Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper
24.10.2020
A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply...
Group Backed by ING Bank, Fidelity and Standard Chartered Releases Crypto AML Tools
8.10.2020
The Travel Rule Protocol working group has published v1 of its TRP API
The Paper Prototype Rule
1.10.2020
I’ve been lucky to have worked with some of the best designers in the industry, including Zhenya Rynzhuk, Louis Paquet, Maria de la Paz Vargas, and of course, dozens of the amazing designers at MediaMonks. Many of the projects we’ve worked on require custom animation and guidelines that enable...
49 US States Unveil Unified Regulation for Cryptocurrency Firms
16.9.2020
The Conference of State Bank Supervisors, representing regulators from all U.S. states and territories, has launched a new regulatory framework for payments and cryptocurrency companies. One Set of Rules for All US States Regulators in 49 U.S. states have agreed to a single set of supervisory rules...
User Profiling Can Help Regulators Identify Illegal Crypto Activity, Says FATF
14.9.2020
The international watchdog has recommended comparing users' age and wealth with their crypto transactions to identify possible criminal activity
Ethereum Developers Weigh Gas Rule Change to Ease Fee Pressure
7.9.2020
As Ethereum fees soar, a proposal to nix “gas tokens,” which let users prepay fees when they’re cheap and spend them later, is getting renewed attention
Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint
4.9.2020
Chilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition...
FATF Compliance Effort Adds Huobi, Bitfinex and Tether to Governance Task Force
2.9.2020
Shyft Network is adding Huobi, Bitfinex and Tether to its crypto-focused anti-money laundering platform as the sector ramps up FATF compliance efforts
'No Doubt’ Bitcoin Will Soon Rule an Internet-Powered Economy - Expert
29.8.2020
An internet-driven economy held together by bitcoin (BTC) is on its way, with a “BTC-based economic system” to surface “in the next 20 to 30 years with almost no doubt,“ says an industry insider.
The claims were made by Knox founder Thibaud Marechal, the former head of portfolio services at Real...
Swiss Crypto Firms Say First Automated, AML-Compliant Bitcoin Transfer Completed
21.8.2020
The new bitcoin transaction automatically complies with the FATF Travel Rule and will save intermediaries from doing it all manually
Hash Watch: Bitcoin Cash Miners Begin Signaling Node Implementations
20.8.2020
There’s 88 days left until the Bitcoin Cash upgrade scheduled for November 15, 2020, and the community has been watching miners closely. On August 18, the Bitcoin ABC team published a blog post that revealed a “feature freeze is now in place,” as it contains a new coinbase rule....
The Cicada Principle, revisited with CSS variables
5.8.2020
Lea Verou digging up the CSS trickery classic and applying it to clip the backgrounds of some code blocks:
The main idea is simple: You write your main rule using CSS variables, and then use :nth-of-*() rules to set these variables to something different every N items. If you use enough...
Where FATF Crypto Compliance Gets Interesting: Africa
3.8.2020
Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards
CSS Vocabulary
27.7.2020
This is a neat interactive page by Ville V. Vanninen to reference the names of things in the CSS syntax. I feel like the easy ones to remember are “selector,” “property,” and “value,” but even as a person who writes about CSS a lot, I forget some of the others....
How One Firm Is Addressing the Interoperability Problem Posed by FATF’s Travel Rule
23.7.2020
Crypto companies building solutions to the FATF "Travel Rule" may be creating a new interoperability problem. Netki is offering a fix
CoolBitX Partnering with Elliptic to Address FATF’s Travel Rule
21.7.2020
CEO Michael Ou says Elliptic’s wallet screening tools with CoolBitX’s Sygna Bridge could help firms comply with the FATF travel rule
Shyft Debuts ‘Decentralized Version of SWIFT’ for FATF Travel Rule
14.7.2020
Shyft Network says 30+ exchanges are testing its blockchain-based solution to help cryptocurrency companies comply with the FATF Travel Rule
BitGo Says Its Wallet Will Help Exchanges Comply with FATF Travel Rule
14.7.2020
Mike Belshe, CEO of BitGo. Source: a video screenshot, Youtube/Bloomberg
Major crypto services provider BitGo said it has enabled API support for exchange clients aiming to achieve compliance with the Financial Action Task Force (FATF)’s Travel Rule.
As previously reported, the Travel Rule...
BitGo Looks to Rally Exchange Clients Around FATF Travel Rule Product
14.7.2020
BitGo has joined the pack of solution providers attempting to bring crypto in line with FATF anti-money laundering standards