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The independent Swiss Capital Markets and Technology Association (CMTA) has published anti-money laundering standards for digital assets and DLT in the financial market Go to Source Powered by WPeMatico
The Financial Action Task Force has introduced changes to its anti-money laundering and terrorism financing rules covering digital currency-related firms Go to Source Powered by WPeMatico
On Oct. 17, the world’s largest cryptocurrency exchange by volume, Binance, announced a partnership with blockchain surveillance company Chainalysis. According to the exchange, Chainalysis has implemented a compliance solution that meets regulatory guidelines worldwide. Also read: Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto Consensus Binance Is Using Chainalysis for Compliance According to a press … Read more
Binance’s international AML/KYC compliance obligations have led it to partner with crypto industry company Chainalysis Go to Source Powered by WPeMatico
CipherTrace Q3 2018 report: losses caused by crypto exchange hacks hit $927 million in the first nine months of 2018, already 250 percent higher than throughout all of 2017 Go to Source Powered by WPeMatico
The Financial Supervisory Authority of Norway is enforcing new money laundering regulations that apply to crypto exchange and storage providers in the country. The law will go into effect on Oct. 15 and will affect companies established in Norway including branches of overseas companies. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more
The largest bank in the Nordic region, Nordea, is reportedly suspected of being part of a major international money laundering scandal. The scheme allegedly involved a Russian client and took place over multiple years at an international branch of the bank that is now closed. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator … Read more
The following opinion piece on crypto regulations was written by Benjamin Pirus, a crypto trader who has written many articles for different ICOs, crypto news outlets, and clients. Government protection and regulations may provide reasons for thankfulness. But that doesn’t mean there aren’t significant frustrations and need for change in the current system. Regulation leads to … Read more
Reporters at the Wall Street Journal (WSJ) tied innovative ecosystem cryptocurrency exchange Shapeshift to money laundering. “How Dirty Money Disappears Into the Black Hole of Cryptocurrency,” was its published product from months of investigative journalism. The company’s CEO, Erik Voorhees, claims cooperation with the WSJ was obtained “under false pretenses.” He also charges the WSJ … Read more
A recent investigation by the Wall Street Journal purportedly tracked nearly $90 million of ill-gotten funds through cryptocurrency exchanges Go to Source Powered by WPeMatico
