US Treasury Secretary Says Firms Left Libra Due to Compliance Issues
Steven Mnuchin has said that Facebook’s forthcoming Libra stablecoin is not ready to comply with existing money-laundering standards Go to Source Powered by WPeMatico
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FATF AML Regulation: Can the Crypto Industry Adapt to the Travel Rule?
Bitpanda Exchange CEO said the crypto industry will face up to the FATF’s travel rule: “The effects on the industry will be immense, but the industry will cope with that and adopt” Go to Source Powered by WPeMatico
NIXT – Nexinter Launches Exchange Offering Using SLP
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 Launches Exchange Offering Using SLP appeared first on Bitcoin News. … Read more
Hong Kong’s SFC Releases Regulations for Crypto Fund Managers
Hong Kong’s Securities and Futures Commission has released guidelines for virtual asset portfolio managers Go to Source Powered by WPeMatico
Chainalysis Adds ERC-20 Tokens to Its On-Demand Compliance Service
Blockchain analytics firm Chainalysis announces the launch of its on-demand compliance and investigations software for several Ethereum-based ERC-20 tokens Go to Source Powered by WPeMatico
Binance Integrates Coinfirm’s AML Platform to Comply With FATF Rules
Binance has partnered with crypto analytics startup Coinfirm to improve AML compliance Go to Source Powered by WPeMatico
Attorneys Seek Bank of Ireland Execs’ Testimony Against OneCoin Scammer
U.S. attorneys have submitted a motion seeking testimony from former Bank of Ireland execs in the case of a OneCoin cryptocurrency scammer Go to Source Powered by WPeMatico
Traders Bemoan New Localbitcoins Identity Requirements
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 laundering requirements. The exchange recently changed its KYC/AML guidelines on September 1 and users say more verification mandates might … Read more
ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’
Dutch bank ABN AMRO finds itself in the midst of a major alleged money laundering scandal, having leveled criticisms at “unregulated cryptocurrencies” earlier this year Go to Source Powered by WPeMatico
Libra Must Comply with Anti-Money Laundering Standards: US Treasury
Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering and terrorism financing norms, according to a United States Treasury official Go to Source Powered by WPeMatico