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Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%
6.2.2021
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that...
Merging traditional finance and DeFi is critical for mass adoption
4.2.2021
If we want to achieve mainstream adoption, we must move toward an industry where DeFi can also serve legacy financial institutions
How compliance software detects fraud and money laundering involving crypto
18.1.2021
As the crypto markets mature and institutional money flows into the space, technology to detect fraud and money laundering involving digital assets is more important than ever
SEC vs. Ripple: A predictable but undesirable development
27.12.2020
Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space
Exmo hackers withdraw part of stolen funds via Poloniex, exchange confirms
25.12.2020
About $4 million of crypto stolen in Exmo hack was allegedly withdrawn through Poloniex, the exchange said it froze several accounts
Users vs. governments: The 'infinity war' for blockchain privacy may be over
23.12.2020
The privacy paradox has a potential resolution — if both sides can accept compromise in an increasingly polarized financial system
France moves to ban anonymous crypto accounts to prevent money laundering
10.12.2020
France is preparing new frameworks to prevent anonymity in crypto
It’s time to mature: We need compliant decentralized finance
5.12.2020
It’s up to the community to educate regulators and help them build a framework that achieves and maintains both sides’ goals
Crypto.com secures an Australian Financial Service License
2.12.2020
The mandatory license will allow Crypto.com to issue crypto debit cards in Australia
Crypto lobby defends self-hosted wallets and P2P from rumored gov't crackdown
18.11.2020
As everyone waits on new KYC and AML regulators, many speak out to keep unhosted wallets free of controls
BitMEX crypto exchange steps up AML and trade surveillance measures
12.11.2020
New technology will help screen out bad actors, BitMEX says
The crypto compliance lie: Sacrificing privacy does not make us safer
31.10.2020
The lightchain-vs.-darkchain dichotomy is counterproductive, and a healthy graychain will produce more valuable crypto assets like Bitcoin
How US authorities are using old AML tools to crack down on crypto
24.10.2020
With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it's time to look at how U.S. AML law is shifting to cope with crypto
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
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
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
FATF hints at Binance as example of an exchange avoiding regulation
14.9.2020
The FATF doesn’t seem to like frequent jurisdiction hoppers, notably Binance