Setting It Straight: Estonia’s Crypto Crackdown Weeds Out Bad AML/KYC
A crypto crackdown in Estonia sparks debate on how to create crypto-centric Anti-Money Laundering and Know Your Customer policies. Go to Source Powered by WPeMatico
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Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal
Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. Regulators are concerned that bitcoin exchanges and other crypto companies might be liable to using their platforms to facilitate illegal transfers, Bloomberg reported. Madis Reimand, … Read more
500 Estonian Crypto Companies Lose Permits After $220B Scandal
Estonia is withdrawing permits from hundreds of crypto companies following Europe’s biggest money laundering scandal. Go to Source Powered by WPeMatico
Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence
Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386m) for breaching anti-money laundering regulations on a large scale. Around USD 6 billion had been funneled between suspected accounts. The post Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence appeared first on Bitcoin News. Go … Read more
Indian Crypto Exchange BuyUCoin Gets License to Go Abroad
Estonia’s financial watchdog has granted the Indian crypto exchange BuyUCoin the necessary licenses to expand its operations overseas Go to Source Powered by WPeMatico
Suspicions Grow During BitBay’s 18-Hour Outage
Despite assurances that the exchange is working to normalize operations, many of the platform’s customers are growing increasingly concerned Go to Source Powered by WPeMatico
Blockchain Digital ID — Putting People in Control of Their Data
Blockchain ID is a big player in the battle for user data, as it “adopts a user-centric approach, eliminating central points of failure by empowering individuals with self-sovereign possession over their own data” Go to Source Powered by WPeMatico
Estonia Grants License to Chilean Crypto Exchange
CryptoMarket has joined the ranks of Latin American crypto companies regulated in the EU Go to Source Powered by WPeMatico
The State of Blockchain: Experts Weigh in on Adoption Around the World
Despite challenges, experts are bullish on blockchain’s prospects around the world: “Once people truly understand its vast potential, I believe wide-scale adoption of blockchain will occur” Go to Source Powered by WPeMatico
Getting Into the Financial Services Revolution With Alex Tapscott
“Libra, on balance, is a good thing.” Alex Tapscott discusses his latest book with Cointelegraph Go to Source Powered by WPeMatico
