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Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC
9.8.2019
Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite...
BTC-e’s Vinnik Case Drags on as New Accusations Continue Emerging
9.8.2019
The U.S. has filed a new indictment in an ongoing tug-of-war with Russia over the fate of the accused BTC-e operator
SBI Holding’s VC Trade Crypto Exchange Integrates New KYC and AML Tech
8.8.2019
Japanese VC Trade has adopted CoolBitX’s Sygna, a know-your customer and anti-money laundering compliance technology focused on digital currency transactions
Czech Republic to Impose Stricter Crypto Regulations than EU Requires
8.8.2019
Czech regulators plan to impose a fine of up to half a million euros on crypto firms should they fail to register their operations with the national Trade Licensing Office
Thailand Government Plans to Amend AML Laws to Prevent Illicit Activities using Cryptocurrencies
6.8.2019
Regulator of Thailand declared that the controller would make changes in the regulation to avoid crypto use for unlawful operations, a local news outlet said. Besides, he declared that AMLO would concentrate on revising existing anti-money evasion regulations to counteract the utilization...
Blockchain Firm BUIDL Introduces a New AML Tool
27.7.2019
BUIDL, the Japan-based blockchain firm, has introduced a new tool called SHIEDL for digital currency exchanges in the previous week. SHIEDL is an AML (anti-money laundering) as well as CFT (counter financing of terrorism) tool. The address risk analysis tool SHIEDL helps calculate a particular...
Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash
22.7.2019
On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week...
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
Police in Spain Say Bitcoin ATMs Expose Problems in Europe’s AML Laws
12.7.2019
Spanish police authorities are raising the alarm because a recent criminal case involved the use of bitcoin ATMs, making their jobs more difficult
Top-6 Issues Experts/Entities Have With Libra
11.7.2019
Libra faces intense scrutiny as lawmakers and industry experts highlight its potential risks
Canada: Crypto Exchanges Must Register With Financial Watchdog Next June
11.7.2019
Crypto exchanges serving Canadian residents will be required to register with FinTRAC as of next June
Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra
10.7.2019
The chair of the Federal Reserve said Facebook needs to address a number of concerns thoroughly and carefully before it can move forward with Libra
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
9.7.2019
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly...
‘Not Everyone Is Happy but We Have to Move on,’ Some Challenges to the FATF’s New Guidance
2.7.2019
Not everyone is happy about the FATF’s new rule. Cointelegraph investigates some challenges from both technical and philosophical standpoints
Dutch Ministers Call for Cryptocurrency, Cash Use Regulations
1.7.2019
Dutch ministers have proposed that the government regulate crypto and large cash transactions, citing concerns over money laundering
Ripple’s Newest Partnership Demonstrates Its Move For Anti-Money Laundering
28.6.2019
The crypto industry has always struggled when it comes to money laundering instances, including numerous threats and hacks taking place ever so often. Ripple seems to have taken a big move to avert such a scenario with its latest partnership with Coinfirm, which is a start-up in the regulation...
Over 22,000 Traders Have Now Signed up to Local.Bitcoin.com
27.6.2019
People from all over the world have opened accounts to trade bitcoin cash anonymously and without any KYC on Local.Bitcoin.com. Almost 1,000 BCH has already been exchanged privately through blind escrow via the new platform. Also Read: Namecheap Lets You Buy a Domain and Host Your Website With...
Regtech Startup Coinfirm to Investigate XRP's Compliance With AML Provisions
27.6.2019
Ripple has signed an agreement with Coinfirm to explore XRP's compliance with AML provisions
French Central Bank: Facebook’s Libra May Need Banking License
25.6.2019
Facebook’s Libra must comply with anti-money laundering regulation and needs banking licenses, according to the Bank of France Governor
Enforcement of Updated Crypto Guidelines From FATF Has Far-Reaching Implications
25.6.2019
The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers)...