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Nalezeno "AML": 666

As FATF Regulations Galvanize, Crypto Mixing Applications Are Targeted

27.12.2019
Since the inception of Bitcoin, governments have tried to keep track of all the transactions taking place on the public blockchain. As the years progressed, authorities have shown a distaste for cryptocurrency mixing applications like Coinjoin. On Dec. 19, a Binance customer couldn’t withdraw...

Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases

27.12.2019
Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set...

A Bitcoin War Is Brewing Over KYC

25.12.2019
Every year, Bitcoin faces a new foe intent on crippling it by undermining the foundations it was built upon. From mining cartels to developer disputes, Bitcoin has faced a barrage of threats over the past decade. When it’s not internecine conflict taking its toll, it’s external forces...

Utorg Exchange Grants Access to Traders With Limited Verification

24.12.2019
Utorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed...

Poloniex Restores Unverified Accounts With Unlimited Trading

22.12.2019
In times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy...

Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches

18.12.2019
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one...

Crypto Regulation Is Coming To Europe: Are Exchanges Ready for New Rules?

18.12.2019
European crypto companies have a countdown clock on regulations kicking in on Jan. 10 next year. So how are they preparing?

Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year

17.12.2019
According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered...

Top 10 US Retail Banks Unknowingly Serve Crypto Startups, CipherTrace Claims

16.12.2019
CipherTrace revealed research Monday showing that the top 10 retail banks by assets managed in the U.S. worked with unregistered crypto money services businesses by transmitting funds on their payment networks

Major Banks Unknowingly Process Billions in Crypto Business, Says CipherTrace

16.12.2019
According to CipherTrace, major U.S. banks unwittingly process billions of dollars from crypto-related business because they are ill-equipped to identify virtual asset service providers

After BottlePay, Two More Crypto Firms Shut Down Due to Upcoming EU Rules

16.12.2019
Two EU-based crypto firms are shutting down because of the upcoming EU Anti-Money Laundering rules

European AML Directive Pushes Crypto Startup Bottle Pay Out of Business

15.12.2019
Bottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work...

Monero Compliance Workgroup Says XMR Exempt From Funds Travel Rule

14.12.2019
Monero deems compliance to be the responsibility of exchanges, not cryptocurrencies

Chainalysis to Provide Bitfinex With ‘Privacy-Safe’ Tools to Combat Crime

13.12.2019
Blockchain intelligence firm Chainalysis will provide crypto exchange Bitfinex with tools to monitor and combat suspected financial crime

Bitfinex Partners With Chainalysis to Deploy AML Solutions

13.12.2019
Chainalysis has activated a partnership with Bitfinex exchange to provide its anti-money laundering (AML) solutions across the Bitfinex platform. Chainalysis is a New York-based startup that monitors illegal activities on blockchain networks and provides a secured compliance solution. Bitfinex...

Here’s a New Banking Tool for Vetting Crypto Exchanges

11.12.2019
The blockchain forensics firm is now offering banks a product that aims to provide up-to-date risk profiles of more than 200 of the largest crypto exchanges around the world

JP Morgan Will Launch IIN Network in Japan to Address AML Issues

11.12.2019
Multinational investment bank JP Morgan is all set to launch its blockchain-powered payment system in Japan. The network, which is christened as Interbank Information Network (IIN), will see the launch early next year. The network will address the issuance of data among other bank networks and will...