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Category: Bank Secrecy Act
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Crypto Travel Rule Working Group Launches 2.0 Protocol ‘Solving the Discoverability Problem’
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Biden Makes Cryptocurrency a Focus of New Anti-Corruption Directive for National Security
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Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming
Crypto startup Avanti Financial Group has been granted a license to offer banking services by the Wyoming State Banking Board. The license, or bank charter, means Avanti can now operate as a conventional bank – but one with a twist, capable of holding both crypto and dollars. It plans to launch in 2021. According to […]
The post Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming appeared first on Bitcoin News.
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Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper
A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply with the FATF Travel Rule. Digital currency companies, otherwise known as Virtual Asset […]
The post Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper appeared first on Bitcoin News.
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Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours
Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against Bitmex and its executives for allegedly operating an unregistered trading platform. According to Arcane Research’s post on Twitter, “the former […]
The post Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours appeared first on Bitcoin News.
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Why the BitMEX charges could be bad news for DeFi
Charges against BitMEX for weak AML and KYC policies could be bad news for the world of decentralized finance
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How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns. The U.S. Treasury-licensed Enrolled […]
The post How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus appeared first on Bitcoin News.
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