Danish Man Faces Over 4 Years in Prison for Laundering $450K With Bitcoin
A 33-year old Danish man has been sentenced to four years and three months in jail for laundering over $450,000 in Bitcoin Go to Source Powered by WPeMatico
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Lithuanian Finance Ministry to Introduce Legal Amendments for Crypto-Related Firms
Lithuania’s finance ministry plans to release legal amendments for operating crypto-related businesses in the country Go to Source Powered by WPeMatico
G20 to Establish Crypto AML and Counter-Terrorism Financing Regulations in June: Report
Anti-money laundering cryptocurrency regulation will be discussed by G20 member countries June 8-9 in Fukuoka, Japan, a recent report claims Go to Source Powered by WPeMatico
WEF Report: 40 Central Banks Are Considering Digital Currencies, Blockchain Tech
A recent report by the WEF reveals that at least 40 central banks around the world are considering blockchain technology and central bank digital currencies Go to Source Powered by WPeMatico
Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations
On Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements. The move to bolster the new customer verification procedure follows Finland’s Financial Supervisory Authority (FSA) mandating supervision over exchange operations. Also read: Mineable Cryptocurrencies Are Far More Valuable Than Non-Mineable Coins … Read more
Binance Partners With Risk Management Firm IdentityMind for KYC and AML Compliance
Risk management and compliance services company IdentityMind will work on AML and KYC compliance for the world’s largest exchange, Binance Go to Source Powered by WPeMatico
Binance-Backed OTC Firm Releases Anti-Money Laundering Compliance-as-a-Service Product
Binance Labs-backed Koi Trading has developed an Anti-Money Laundering compliance-as-a-service product Go to Source Powered by WPeMatico
How the World’s Leading Banks Help Launder $2 Trillion a Year
Some of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or … Read more
In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina
In this edition of The Daily we cover an exchange that offers cryptocurrency investors access to tokenized ETFs based on major indices, a response from Chainalysis to the recent outcry against blockchain surveillance services abusing customer data, and a program to support startups by Binance Labs in Argentina. Also Read: Israel Securities Authority Wants a … Read more
Blockchain Analytics Firm Chainalysis Outlines User Data Policy Amid Coinbase Allegations
Blockchain analytics firm Chainalysis has clarified that it does not collect or sell users’ personal data when it provides its services to crypto exchanges Go to Source Powered by WPeMatico