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FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls
18.10.2020
The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote...
Understanding the EU’s 6AMLD and the risk to your business
18.10.2020
The changes brought about by 6AMLD will affect a lot of businesses, but there is still time to prepare for new rules
BitMEX operator hires chief compliance officer amid US criminal charges
12.10.2020
The hire comes after BitMEX's founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States
Memo to crypto exchanges: KYC compliance can be a competitive advantage
9.10.2020
More regulation is coming, and it will be costly, but compliance can also expand an exchange’s customer base
BitMEX founder and ex-CTO out on $5M bail bond until court appearance
9.10.2020
October has been a dramatic month for the top brass of BitMEX crypto derivatives exchange, whose founders face multiple charges from U.S. authorities
BitMEX exchange operator shuffles leadership in wake of criminal charges
8.10.2020
BitMEX's operator has allocated new leadership roles with immediate effect
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
Regulation is coming to DeFi, but can it be enforced?
6.10.2020
Is regulation plausible in a completely decentralized environment?
The case against BitMEX is a compass pointing toward crypto regulation
6.10.2020
The CFTC and DOJ actions against BitMEX suggest that the crypto industry still has a lot of work ahead to meet KYC/AML standards
Law Decoded: The year of the Crypto Futures Trading Commission, Sept. 25–Oct. 2
2.10.2020
The end of the U.S. federal government's fiscal year brought a cascade of major announcements from agencies
BitMex denies CFTC and DoJ allegations, says trading will continue
1.10.2020
Despite criminal charges from the DOJ and at least one arrest of its leadership, Bitmex promises to continue operating as usual
FinCEN director warns banks about cryptocurrency risk exposure
30.9.2020
FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs
Mandatory KYC verification may contradict privacy laws in South Korea
25.9.2020
Will this legal contradiction be resolved before the deadline?
BRD Is Breaking Into the Crypto Compliance Game
22.9.2020
The new tech stack will provide AML and compliance tools for financial institutions, government agencies, and cryptocurrency service providers
FinCEN leak suggests new AML measures may not go far enough… for banks
21.9.2020
The leaked documents show many banks 'enabling' money laundering
Illicit crypto transactions are getting more attention from the government
19.9.2020
The IRS has a strong interest in receiving information from informed whistleblowers about offshore crypto accounts and criminal crypto tax activity
South Korean Crypto Exchanges Search for ‘Seamless’ AML Solutions
19.9.2020
With just months to go before new legislation comes into force requiring all of South Korea’s crypto exchanges to implement strict anti-money laundering (AML) policies, the race is now on to adopt solutions ahead of time – and avoid falling foul of the law.
So which AML solutions are South Korean...
Switchere: Buy Crypto with CC, Pay with Local Banks, Swap and Sell Coins Online
18.9.2020
Presently, the crypto market is witnessing an incredible growth and massive adoption worldwide. Digital transformation and tokenization give freedom to deployment of cryptocurrencies in everyday life. However, one thing worth careful considering is how to choose a trustworthy online crypto exchange...
BRD’s enterprise banking blockchain boosted by new compliance strategy
17.9.2020
Crypto wallet provider BRD partners with Ciphertrace, Chainalysis and others to boost its banking enterprise solution
Report: Privacy coins don't conflict with anti-money laundering laws
16.9.2020
Where does the right to financial privacy end?