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How banks are integrating crypto AML software for compliance
14.9.2020
Virtual asset service providers (VASPs) are looking for effective cryptocurrency compliance solutions as new regulations are introduced globally to combat illicit activity on the blockchain. What solutions are available to them?
Renault tests blockchain platform for parts compliance
12.9.2020
No, the blockchain is not in your car
AnChain.AI and Bluehelix partner for compliance solutions
12.9.2020
The platform hopes to help in meeting AML standards
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
Robinhood Taps Former Fidellity, Wells Fargo Execs as Compliance Heads
28.8.2020
Robinhood announced on Thursday that it has hired Norm Ashkenas and Kelly Zigatis as chief compliance officers of its Financial and Securities teams
IRS Sends Fresh Round of Tax Warning Letters to Cryptocurrency Owners
26.8.2020
The U.S. Internal Revenue Service (IRS) has begun sending new warning letters to cryptocurrency owners. This followed the tax agency prioritizing cryptocurrency on its tax forms. “The IRS is getting very serious about cryptocurrency tax compliance,” a tax expert told news.Bitcoin.com....
Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End
24.8.2020
Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies. According to regional media reports...
Elliptic Teams With Fireblocks to Automate Security and Compliance in Crypto Industry
13.8.2020
Elliptic has joined forces with Fireblocks to automate anti-money laundering compliance for their shared institutional clients
Shyft Network and Merkle Science Team Up For Providing Compliance Services
13.8.2020
In order to derive the synergy, Shyft Network and Merkle Science have come together in a unique association that is primarily aimed to cater to virtual asset service providers (VASPs) in the Asia Pacific region. The compliance services will be offered according to the laid-out regulatory norms...
Bison Trails Beefs Up Legal Compliance Team With Former Goldman Sachs Exec
4.8.2020
Bison Trails takes on general counsel to engage with global policymakers on compliance and legal regulation matters
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
Coinbase Reviewing 19 Crypto Assets for Listing, Including Wrapped Bitcoin and Paxos Gold
1.8.2020
Crypto exchange Coinbase said Friday that it is reviewing 19 cryptocurrencies for possible listing. These new assets are: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph...
LocalBitcoins Ramps Up Compliance Efforts in New Partnership With Elliptic
29.7.2020
LocalBitcoins has partnered with blockchain intelligence firm Elliptic to gain access to new blockchain monitoring tools that can help prevent the illicit use of its services
Can Compliance and AML Software Improve Cryptocurrency Business Sustainability?
22.7.2020
Cryptocurrency businesses are facing increasing challenges as new regulations are introduced globally, which is changing the face of the industry and forcing companies to search for effective solutions
CoolBitX and Elliptic Team Up to Offer Crypto Firms Compliance Tools
21.7.2020
The two companies will provide a package of their respective solutions to crypto firms such as exchanges needing to stay in compliance with regulators
Crypto Exchange Group Eyes ‘Bulletin Board’ System for FATF Compliance: Coinbase Exec
21.7.2020
Top cryptocurrency exchanges including Coinbase will release a white paper detailing a way to comply with the Financial Action Task Force's "Travel Rule."
Improving AML/KYC Compliance Will Be a Differentiator Says Exec
20.7.2020
Trulioo said improving compliance for AML and KYC can be a big differentiator for crypto companies
BitGo Releases Crypto Wallet Compliance Tool for FATF's Travel Rule
14.7.2020
Major digital asset firm BitGo announces API support for the Financial Action Task Force’s travel rule
Brazilian Bank Joins Hands w/ Chainalysis, Steps Up Crypto Compliance
24.6.2020
Source: Adobe/Anton Balazh (edited by Cryptonews)
Things are hotting up for crypto users in Brazil, where commercial bank Banco Topázio has announced that it will be using monitoring and transaction tracking solutions provided by blockchain security firm and data analysis specialist, Chainalysis...