Crypto Regulation Is Coming To Europe: Are Exchanges Ready for New Rules?
European crypto companies have a countdown clock on regulations kicking in on Jan. 10 next year. So how are they preparing? Go to Source Powered by WPeMatico
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Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year
According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered cryptocurrency transfers. Also read: US to Strictly Enforce Crypto Rules Similar to FATF Guidelines All … Read more
Major Banks Unknowingly Process Billions in Crypto Business, Says CipherTrace
According to CipherTrace, major U.S. banks unwittingly process billions of dollars from crypto-related business because they are ill-equipped to identify virtual asset service providers Go to Source Powered by WPeMatico
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 Go to Source Powered by WPeMatico
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 … Read more
Monero Compliance Workgroup Says XMR Exempt From Funds Travel Rule
Monero deems compliance to be the responsibility of exchanges, not cryptocurrencies Go to Source Powered by WPeMatico
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 Go to Source Powered by WPeMatico
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 Go to Source Powered by WPeMatico
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 Go to Source Powered by WPeMatico
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 Go to Source Powered by WPeMatico
