LocalBitcoins Says Its Transactions From Darknet Markets Dropped 70%
LocalBitcoins claims that darknet-related transactions on the platforum dropped 70% after it adopted AML and KYC regulations in September 2019. Go to Source Powered by WPeMatico
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SEC Charges Lobbying Kingpin Jack Abramoff With Fraud For Promotion of 2018 ICO
Abramoff and the founder of AML Bitcoin face charges for fraud in misrepresenting the token’s compliance, with the founder himself facing jail time for money laundering. Go to Source Powered by WPeMatico
How Bitcoin of America’s Robust Compliance Program Made Possible the Restitution of Half a Million Dollars to Fraud Victims
Robust and effective compliance programs for virtual asset exchanges such as Bitcoin of America, which owns and operates a crypto exchange platform as well as a nationwide network of bitcoin ATM locations, isn’t simply a matter of operating a system for CIP, KYC, and AML procedures. An interview with Bitcoin of America’s attorney William Suriano … Read more
Setting It Straight: Estonia’s Crypto Crackdown Weeds Out Bad AML/KYC
A crypto crackdown in Estonia sparks debate on how to create crypto-centric Anti-Money Laundering and Know Your Customer policies. Go to Source Powered by WPeMatico
Fireblocks Integrates Chainalysis’ Know Your Transaction Feature
Fireblocks will now utilize Chainalysis’ Know Your Transaction tool to streamline compliance and Anti-Money Laundering measures. Go to Source Powered by WPeMatico
$1.4B in Crypto Stolen in First Five Months of 2020, Says CipherTrace
Researchers say 2020 is on track to become a record-breaking year for cryptocurrency-related thefts, hacks and fraud. Go to Source Powered by WPeMatico
Exclusive: Binance Korea to Integrate Coinfirm Real-time AML Monitoring
Binance Korea will be using an anti-money laundering solution developed by Coinfirm, as the country requires a high level of regulatory compliance for crypto. Go to Source Powered by WPeMatico
3 Common Compliance and Regulatory Pitfalls to Watch for in 2020
Using regulation to one’s advantage is the main factor of an innovative fintech business. The best way to achieve it is closely monitoring the shifting regulatory landscape. Go to Source Powered by WPeMatico
Digital Dollar Project Releases White Paper Laying Out Groundwork for US CBDC
A U.S. think tank working towards a digitized dollar has released a white paper detailing inaugural aims and use cases for a central bank digital currency. Go to Source Powered by WPeMatico
FinCEN Director Blanco Concerned About Bad Actors Hijacking Crypto
The head of the agency that enforces the Bank Secrecy Act and KYC requirements in the U.S. says the agency aims to help crypto innovate responsibly. Go to Source Powered by WPeMatico
