BitGo Releases Crypto Wallet Compliance Tool for FATF’s Travel Rule
Major digital asset firm BitGo announces API support for the Financial Action Task Force’s travel rule. Go to Source Powered by WPeMatico
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Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go
As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Go to Source Powered by WPeMatico
Sri Lanka Central Bank Selects Shortlist for Blockchain Proof-of-Concept
Sri Lanka’s central bank has selected a shortlist of three firms to develop a proof-of-concept for a shared Know Your Customer facility using blockchain. Go to Source Powered by WPeMatico
LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share
LocalBitcoins reported a 10% increase in annual revenue for 2019 despite the platform’s KYC overhaul impacting trade volume on the platform. Go to Source Powered by WPeMatico
Crypto Derivatives Might Drive a New Cycle of Mass Adoption
The lack of progressive jurisdictions in which a particularly attractive regime for regulating derivatives exists keeps crypto in a gray area, and it has to be changed. Go to Source Powered by WPeMatico
The Great Estonian Exodus — Crypto Firms Are Leaving Estonia
After the great rise in national crypto regulation in Estonia, the new European Union laws have forced the crypto industry to leave the country. Go to Source Powered by WPeMatico
LocalBitcoins Says Its Transactions From Darknet Markets Dropped 70%
LocalBitcoins claims that darknet-related transactions on the platforum dropped 70% after it adopted AML and KYC regulations in September 2019. Go to Source Powered by WPeMatico
Here Is Why BigONE’s New VIP System Can Make the Most Out of Your Everyday Trading
BigONE Exchange, one of the world’s safest crypto exchanges, has taken on a new sheen as it just launched a brand new VIP system that converts a user’s every engagement with the platform into his or her own benefits, be they discount on spot trading fees, reduction on leverage interests rates, or an increased referral … Read more
How Bitcoin of America’s Robust Compliance Program Made Possible the Restitution of Half a Million Dollars to Fraud Victims
Robust and effective compliance programs for virtual asset exchanges such as Bitcoin of America, which owns and operates a crypto exchange platform as well as a nationwide network of bitcoin ATM locations, isn’t simply a matter of operating a system for CIP, KYC, and AML procedures. An interview with Bitcoin of America’s attorney William Suriano … Read more
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
