The crypto compliance lie: Sacrificing privacy does not make us safer
The lightchain-vs.-darkchain dichotomy is counterproductive, and a healthy graychain will produce more valuable crypto assets like Bitcoin. Go to Source Powered by WPeMatico
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How US authorities are using old AML tools to crack down on crypto
With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it’s time to look at how U.S. AML law is shifting to cope with crypto. Go to Source Powered by WPeMatico
Understanding the EU’s 6AMLD and the risk to your business
The changes brought about by 6AMLD will affect a lot of businesses, but there is still time to prepare for new rules. Go to Source Powered by WPeMatico
Bitcoin.com Exchange Announces Public Sale of the Atari Token on October 29, 2020
Price per Atari Token: $0.25 IEO platform has been enabled for prospective purchasers to pass KYC before public sale NEW YORK/ PARIS – October 16, 2020 – Bitcoin.com Exchange, one of the leading authorities in cryptocurrency exchanges announces the details of the upcoming public sale of the Atari Token (ATRI). Atari is evolving and envisioning … Read more
BitMEX operator hires chief compliance officer amid US criminal charges
The hire comes after BitMEX’s founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States. Go to Source Powered by WPeMatico
Memo to crypto exchanges: KYC compliance can be a competitive advantage
More regulation is coming, and it will be costly, but compliance can also expand an exchange’s customer base. Go to Source Powered by WPeMatico
The case against BitMEX is a compass pointing toward crypto regulation
The CFTC and DOJ actions against BitMEX suggest that the crypto industry still has a lot of work ahead to meet KYC/AML standards. Go to Source Powered by WPeMatico
More than half of all crypto exchanges have weak or no ID verification
The highest number of exchanges defying regulatory norms are in Europe Go to Source Powered by WPeMatico
BitMex denies CFTC and DoJ allegations, says trading will continue
Despite criminal charges from the DOJ and at least one arrest of its leadership, Bitmex promises to continue operating as usual. Go to Source Powered by WPeMatico
FinCEN director warns banks about cryptocurrency risk exposure
FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs. Go to Source Powered by WPeMatico