EU Approves AML Legislation Targeting Anonymity In Crypto Market, Local Sources Report
Final EU vote ratifies laws targeting anonymity using cryptocurrencies and other payment tools, local sources report Go to Source Powered by WPeMatico
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DMG Blockchain Solutions Addresses AML Risk Through BitScore API
In the world of cryptocurrency, exchanges and trading platforms need to adhere to some very strict guidelines and rules. DMG Blockchain Solutions recently introduced BitScore, which serves as a cryptocurrency deposit and withdrawal risk-scoring web API for AML and anti-fraud compliance. BitScore can Make a Positive Impact Trading platforms and exchanges dealing in cryptocurrency face a lot … Read more
In A Bid For Transparency, European Crypto Exchanges Call For Regulations
European crypto industry says to regulators: let us “know where we stand” with comprehensive and fair rules Go to Source Powered by WPeMatico
Japan’s Financial Watchdog Sets Out New Requirements For Crypto Exchanges
Japan’s financial regulator sets new investor protection requirements for domestic crypto exchanges, local sources report Go to Source Powered by WPeMatico
Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government
Bitcoin is often accused by regulators, governments and central bankers as being a tool for money laundering by criminal organizations, usually without presenting any evidence. A new report from Hong Kong, a major international financial hub and nexus for trade between China and the whole world, spells this out clearly. Also Read: Bitcoin in Brief … Read more
CryptoUK Trade Association Calls On MPs To Regulate Cryptocurrency Sector In UK
The UK’s digital currency trade body is urging MPs to regulate the cryptocurrency industry, offering to focus on trading platforms, not cryptocurrencies themselves #NEWS Go to Source Powered by WPeMatico
Hong Kong Gov’t Report Says Bitcoin Poses ‘Medium-Low’ Risk In Financial Crime
According to a recent report by a Hong Kong financial regulator, cryptocurrencies are not popular among its citizens, and they have a low risk of being used in money laundering #NEWS Go to Source Powered by WPeMatico
Japanese Regulator Pressures Exchanges to Drop Privacy Coins
Japan’s Financial Services Agency, tasked with monitoring the country’s cryptocurrency exchanges, has quietly been pressuring platforms to delist privacy coins. Coincheck has already done so in the wake of the $400 million NEM hack. If fellow exchanges follow suit, it could signal the beginning of the end for privacy coins such as zcash and monero … Read more
Taiwanese Bitcoin Regulations Expected by November 2018
Taiwan’s Minister of Justice has indicated that the country is anticipating to have implemented a regulatory apparatus for cryptocurrencies by November 2018. The Minister made comments revealing the expected deadline during a recent anti-money laundering conference. Also Read: Venezuela Shuts Down Two Cryptocurrency Exchanges Cryptocurrency Regulations Expected to be Enacted in Taiwan Before 2019 High-ranking Taiwanese … Read more
Know Your Transaction Is the KYC of Blockchain
You’ve heard of KYC – Know Your Customer – and possibly also KYT – Know Your Transaction – but have likely yet to experience it in action. KYC have lately become the norm for crowdsale registration and exchange verification. Now, KYT is on the rise, and it threatens to blacklist bitcoiners whose cryptocurrency is deemed … Read more
