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Calibra Head David Marcus Touts Libra’s Money Laundering Standards
29.10.2019
Calibra wallet head David Marcus says that Libra’s anti-money laundering compliance will be better than many alternatives
Crypto and Blockchain News From German-Speaking World: Oct. 20-26
27.10.2019
Cointelegraph auf Deutsch presents a weekly digest of developments from the German-speaking world
Thailand Pushes Permissive Regulations as First Legal ICO Is Launched
24.10.2019
Since trying to ban Bitcoin in 2013, Thailand’s regulators have sought to embrace ICOs
FATF’s Regulations to Push Criminals to Privacy Coins: CipherTrace CEO
22.10.2019
FATF crypto regulations will push criminals from Bitcoin and Ether towards privacy coins such as Monero, CipherTrace CEO says
Germany Warns of Privacy Token Usage in Money Laundering and Terrorism
22.10.2019
German Finance Ministry urges oversight over the development of privacy tokens to prevent illicit usage
Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted
22.10.2019
“The financial services industry is spending $20 billion a year on AML and KYC. So I would ask you: is it even working? I don’t think it’s working”
Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’
22.10.2019
Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative...
Anti-Money Laundering Laws Apply to Crypto Too, Says FinCEN Chief
22.10.2019
The director of FinCEN says that Anti-Money Laundering laws apply to everyone, including firms offering anonymous cryptocurrency services
How to Trade Crypto in Person Safely
20.10.2019
With mainstream exchanges becoming progressively cumbersome due to privacy invasive policy and regulation, some crypto traders are switching to more private, face-to-face trading. While this route isn’t for everyone, and comes with unique risks, it does offer a very real solution to many...
Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here
17.10.2019
The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering...
CipherTrace’s Blockchain Forensics Service Now Covers 700 Crypto Assets
15.10.2019
The blockchain analytics provider now offers a window into the data of more than 87 percent of the top 100 cryptocurrencies
US Treasury Secretary Says Firms Left Libra Due to Compliance Issues
14.10.2019
Steven Mnuchin has said that Facebook’s forthcoming Libra stablecoin is not ready to comply with existing money-laundering standards
Dutch National Bank Says Gold Can Re-Start Economy in Case of Total Collapse
13.10.2019
An article found on the De Nederlandsche Bank (DNB) website has surprised many in the crypto space, with its bold claim that “If the entire system collapses, the gold stock provides a collateral to start over.” While proclamations of this nature are nothing new, it is strange to see...
FATF AML Regulation: Can the Crypto Industry Adapt to the Travel Rule?
10.10.2019
Bitpanda Exchange CEO said the crypto industry will face up to the FATF’s travel rule: “The effects on the industry will be immense, but the industry will cope with that and adopt”
NIXT – Nexinter Launches Exchange Offering Using SLP
8.10.2019
Today, NextHash and Bitcoin.com have entered a technical partnership to design and structure the NIXT utility token.
NIXT token is being listed in its fully operational exchange Nexinter on top of Bitcoin Cash, using the Simple Ledger Protocol (SLP) framework.
The post NIXT – Nexinter...
UK Regulator Ramps up Crypto Investigations and Considers KYC for Wallets
8.10.2019
The U.K.’s Financial Conduct Authority (FCA) has been relentlessly scrutinizing cryptocurrency startups and investigations are up 74% from last year. Meanwhile, proponents of decentralized software development models and open collaboration are upset about the FCA aiming to extend KYC/AML...
Hong Kong’s SFC Releases Regulations for Crypto Fund Managers
7.10.2019
Hong Kong’s Securities and Futures Commission has released guidelines for virtual asset portfolio managers
Chainalysis Adds ERC-20 Tokens to Its On-Demand Compliance Service
5.10.2019
Blockchain analytics firm Chainalysis announces the launch of its on-demand compliance and investigations software for several Ethereum-based ERC-20 tokens
Binance Collaborates with Coinfirm to Improve the AML Compliances
4.10.2019
The major cryptocurrency exchange, Binance, has been hitting the headlines, since the announcement of its partnership with Coinfirm, a startup crypto analytics platform on October 3. This new integration is a step towards improving the anti-money laundering compliances associated with...
Binance Integrates Coinfirm’s AML Platform to Comply With FATF Rules
3.10.2019
Binance has partnered with crypto analytics startup Coinfirm to improve AML compliance