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Major global crypto AML service provider Chainalysis does not support full transparency in crypto despite not being able to track all privacy coins Go to Source Powered by WPeMatico
Using P2P exchanges to cash out bitcoin provides privacy, but it comes with a premium – a price premium, to be precise. Whether you’re buying or selling crypto on these semi-decentralized platforms, be prepared to take a hit on the market price. If you’re planning to sell bitcoin on the leading peer-to-peer platforms, here’s what … Read more
The Indian crypto community holds its breath awaiting the Supreme Court’s decision Go to Source Powered by WPeMatico
Crypto industry experts weigh in on the state of the EU’s regulatory climate Go to Source Powered by WPeMatico
The deputy director of FinCen says social media platforms should have the same AML compliance responsibilities as traditional financial actors Go to Source Powered by WPeMatico
All bitcoins are created equal. But in the eyes of blockchain forensics firms, some bitcoins are more equal than others. If these companies are to be believed, coins that have been used in criminal transactions are ‘tainted,’ destined to be forever linked with nefarious activity. The reality, however, is far different, for ‘taint’ is solely … Read more
Finnish LocalBitcoins silently suspends user accounts in multiple countries, reportedly citing an “enhanced due diligence process” initiated by the EU’s 5AMLD Go to Source Powered by WPeMatico
If you’ve ever had a sudden need for fiat while all in crypto, you’ll understand the difficulty of cashing out without KYC-ing away your identity and that of your unborn children. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade, which leaves what exactly? Localcryptos.com. … Read more
Ukrainian authorities will be able to “block crypto wallets” in order to seize illegally obtained assets, a notice from the country’s Ministry of Finance says Go to Source Powered by WPeMatico
Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen. Also … Read more