Understanding the EU’s 6AMLD and the risk to your business
The changes brought about by 6AMLD will affect a lot of businesses, but there is still time to prepare for new rules. Go to Source Powered by WPeMatico
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BitMEX operator hires chief compliance officer amid US criminal charges
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. Go to Source Powered by WPeMatico
Memo to crypto exchanges: KYC compliance can be a competitive advantage
More regulation is coming, and it will be costly, but compliance can also expand an exchange’s customer base. Go to Source Powered by WPeMatico
BitMEX founder and ex-CTO out on $5M bail bond until court appearance
October has been a dramatic month for the top brass of BitMEX crypto derivatives exchange, whose founders face multiple charges from U.S. authorities. Go to Source Powered by WPeMatico
BitMEX exchange operator shuffles leadership in wake of criminal charges
BitMEX’s operator has allocated new leadership roles with immediate effect. Go to Source Powered by WPeMatico
Regulation is coming to DeFi, but can it be enforced?
Is regulation plausible in a completely decentralized environment? Go to Source Powered by WPeMatico
The case against BitMEX is a compass pointing toward crypto regulation
The CFTC and DOJ actions against BitMEX suggest that the crypto industry still has a lot of work ahead to meet KYC/AML standards. Go to Source Powered by WPeMatico
Law Decoded: The year of the Crypto Futures Trading Commission, Sept. 25–Oct. 2
The end of the U.S. federal government’s fiscal year brought a cascade of major announcements from agencies. Go to Source Powered by WPeMatico
BitMex denies CFTC and DoJ allegations, says trading will continue
Despite criminal charges from the DOJ and at least one arrest of its leadership, Bitmex promises to continue operating as usual. Go to Source Powered by WPeMatico
FinCEN director warns banks about cryptocurrency risk exposure
FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs. Go to Source Powered by WPeMatico
