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Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’
17.2.2022
On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with...
US-based crypto firms join forces for travel rule compliance
16.2.2022
“We are focused on adding new members, so that TRUST can provide comprehensive compliance across the crypto industry,” said the joint announcement
Crypto Exchange Binance Restricts 281 Nigerian Accounts — Some Requested by International Law Enforcement
31.1.2022
Cryptocurrency exchange Binance has restricted 281 Nigerian user accounts. Citing user security and fraud prevention, CEO Changpeng Zhao explained that “approximately 38% of these cases [are] restricted at the request of international law enforcement.” 281 Nigerian Accounts Restricted...
Crypto industry seems willing to adopt FATF travel rule: Survey
27.1.2022
A new report claims that about 70% of respondents are either practicing the travel rule or planning to complete their compliance in Q1/Q2 2022
Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela
27.1.2022
Sunacrip, the Venezuelan cryptocurrency watchdog, has suspended the operating licenses of two exchanges for lack of compliance with current regulations. The announcement was made by Joselit Ramirez, superintendent of Sunacrip, who also mentioned the exchanges that are approved by the institution...
NFTs and compliance: Why we need to be having this conversation
21.1.2022
With the huge growth in the NFT industry, the time is right to take a look at NFTs from a compliance and regulatory perspective
Reuters: Binance was withholding information from regulators, repeatedly shunned own compliance department
21.1.2022
According to the investigation, the world's largest crypto exchange pursued growth while dodging regulatory scrutiny
South Korean Crypto Exchanges Face AML Probes as Regulators Test Compliance
18.1.2022
South Korean regulators are set to probe the nation’s four biggest crypto exchanges to test their anti-money laundering (AML) capabilities.
The exchanges – Korbit, Upbit, Coinone, and Bithumb – are the only trading platforms that operate fiat KRW markets and received their operating permits...
Binance taps former central bank exec to push compliance in CIS and Russia
11.1.2022
Binance makes another major strategic move in one of the world’s biggest cryptocurrency miner regions
Binance Turkey fined 8M lira for non-compliance against money laundering
26.12.2021
MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law
Cash2Bitcoin CEO Ayman Rida Explains Why Merchants Set up a Bitcoin ATM, Compliance and Regulation
21.12.2021
Established in 2016, Cash2Bitcoin.com is one of the largest and fastest-growing cryptocurrency ATM deployment services in the United States. Cash2Bitcoin.com manages over 1000 locations throughout the country and is rapidly expanding its reach in the market. Ayman Rida is the CEO of Cash2Bitcoin....
Senate hearing on stablecoins: Compliance anxiety and Republican pushback
17.12.2021
As stablecoins issuers were put under the pressure of Democratic witnesses, Senator Pat Toomey released his own set of regulatory principles
Switzerland’s Largest Online Bank Swissquote to Launch Its Own Crypto Exchange
14.12.2021
Switzerland’s largest online bank, Swissquote, is reportedly launching its own cryptocurrency trading platform. The company sees high demand for cryptocurrency trading. “Our compliance and customer service teams were almost overrun by the crypto rush.” Switzerland’s...
Robinhood Turns to Chainalysis to Boost Compliance Ahead of Crypto Wallet Launch
13.12.2021
Popular trading platform Robinhood has partnered with blockchain data platform Chainalysis to meet compliance requirements. Robinhood is preparing to launch its wallet, which has a waitlist of more than 1.6 million users. Robinhood Partners With Chainalysis for Compliance Blockchain data analytics...
From NFTs to CBDCs, crypto must tackle compliance before regulators do
11.12.2021
Crypto industry leaders need to self-regulate before inadequate public officials decide to take on the task themselves
Amex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics Platform
7.12.2021
American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal...
India to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail
7.12.2021
The country wishes to see all crypto activities take place on platforms regulated by SEBI
Crypto Exchanges in 2022: More Services, More Compliance, and Competition
4.12.2021
For many people, exchanges are pretty much the core of the crypto market and industry. They facilitate the all-important trades in the world’s virtual currencies, and by doing so, they reveal which are likely to become the biggest in the future....
Read More: Crypto Exchanges in 2022: More...
British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes
4.12.2021
The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your...
Binance Must Intensify AML Compliance For Paris Expansion - French Regulator
25.11.2021
French financial sector regulator Autorité des Marchés Financiers (AMF) has announced that crypto exchange Binance needs to intensify its efforts to ensure anti-money laundering compliance if it wants the agency’s backing for its plans to launch a regional registered office in the country's...