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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
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
CryptoBridge Decentralized Exchange Shuts Down Citing Regulations, Markets
2.12.2019
Decentralized exchange CryptoBridge shuts down due to purported market conditions and regulatory pressure
Criminal Activity in Crypto: The Fact, the Fiction and the Context
30.11.2019
$400 million in XRP is used in illicit activity, how does this stack up against fiat fraud, and is the reputation of the crypto industry beyond saving?
Coinbase Secures Patent for System to Identify Non-Compliant Accounts
28.11.2019
Coinbase has been awarded a patent for a system that finds and flags non-compliant accounts
A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace
28.11.2019
Around one third of the top 120 exchanges are "weak" when it comes to know-your-customer (KYC) verification, while two-thirds "lack strong KYC policies," the firm said
Report: Crypto-Related Fraud and Theft Resulted in $4.4B Loss in 2019
27.11.2019
According to CipherTrace’s latest report, the total volume of crypto-related fraud and theft resulted in losses worth $4.4 billion in 2019
Lawyer Asks Whether KYC Is Worth Exposing Users to Hacking and ID Theft
2.11.2019
Lawyer Jake Chervinsky asks the public if identity verification is worth exposing the public to data leaks
GlobalBitcoinsPro.com Enables Offline BCH Cash Trades
1.11.2019
After the devastating news of the removal of offline cash trades and the new vigorous and intrusive KYC policy from popular P2P Exchange Platform the community needed an alternative. We’re happy to announce the arrival of GlobalBitcoinsPro.com which has been created to revive the community.
The...
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
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...
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...
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...
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...
Traders Bemoan New Localbitcoins Identity Requirements
28.9.2019
Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money...
Washington Elite Announces Summit in Vienna
23.9.2019
The Austrian capital hosts some of the world’s brightest minds in smart city, crypto, M&A and renewable energy October 11 - 12 during the Washington Elite AI and Blockchain Summit – Smart City Edition in Vienna, Austria.
The post Washington Elite Announces Summit in Vienna appeared first...
Report: Global Blockchain Tech Market to Surpass $16B by 2024
21.9.2019
Global Market Insights projects that the global blockchain tech market will exceed $16 billion by 2024