AML – Page 35 – DIGIT INFO

After BottlePay, Two More Crypto Firms Shut Down Due to Upcoming EU Rules

Two EU-based crypto firms are shutting down because of the upcoming EU Anti-Money Laundering rules

European AML Directive Pushes Crypto Startup Bottle Pay Out of Business

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 under the upcoming EU regulations. AMLD5, the […]

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Monero Compliance Workgroup Says XMR Exempt From Funds Travel Rule

Monero deems compliance to be the responsibility of exchanges, not cryptocurrencies

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Chainalysis to Provide Bitfinex With ‘Privacy-Safe’ Tools to Combat Crime

Blockchain intelligence firm Chainalysis will provide crypto exchange Bitfinex with tools to monitor and combat suspected financial crime

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Blockchain Makes Money Laundering Risks Greater, Says Swiss Regulator

The Swiss Financial Market Supervisory Authority warned that blockchain exacerbates the country’s money laundering risks

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FinCEN Director Notes Improved Oversight of Cryptocurrency Industry

FinCEN’s director says increased adoption of reporting guidelines for crypto businesses has led to an uptick in the number of suspicious activity reports filed

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JPMorgan’s Blockchain Network to Launch in Japan in Early 2020: Report

JPMorgan’s blockchain-based payment network, the Interbank Information Network, will reportedly launch in Japan in early 2020

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New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Also read: Crypto Startups to Get up to […]