2024-8-22 08:35 |
The company aims to increase its compliance workforce by 200 this year, along with another 800 staff in other departments.
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Crypto exchange Binance sold the entirety of its Russian business to CommEX in September last year following compliance concerns.
2024-3-26 16:10 | |
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Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year.
2023-7-2 13:10 | |
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The product is designed to enable DeFi and Web3 communities to comply with regulations while maintaining community members’ privacy.
2023-5-26 23:48 | |
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Estonia-based crypto startup CryptoWallet. com has become one of the first crypto companies to receive a stamp of approval from Estonia’s Financial Intelligence Unit (FIU). CryptoWallet. com renewed its crypto license despite strict regulatory measures introduced last year to maintain compliance and transparency within the crypto space.
2023-3-22 23:30 | |
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Bitwise Chief Compliance Officer Kathrine Dowling is optimistic on stablecoin regulation in the US in 2023. According to Dowling, stablecoins will the first to be regulatory as what needs to be done is mostly straightforward.
2023-1-24 00:20 | |
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Katherine Dowling, general counsel at the asset management firm, says that because stablecoins are a “narrower issue” lawmakers may be more inclined to tackle the crypto-related framework.
2023-1-24 21:21 | |
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Although the European Union's Markets in Crypto-Assets (MiCA) regulations are still over a year away from taking effect, crypto asset service providers should begin work on compliance strategies now says Fiat Republic’s Paula Steiner
2023-1-24 14:00 | |
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Binance claimed that its compliance infrastructure is among the best in the world and has helped them to obtain regulatory approval even in countries where they were deemed illegal until last year.
2022-10-4 15:12 | |
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The year 2021 is coming to an end and looking back, it surely has gone through a lot of ups and downs. The pandemic wreaked havoc all across the globe, resulting in the closure of several businesses aThe post Binance takes a step in the right direction with its compliance mechanisms appeared first on AMBCrypto.
2022-1-4 16:15 | |
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Binance is one of the exchanges that have been faced with much regulatory scrutiny this year. The exchange’s CEO, Changpeng Zhao, has made several changes to make the exchange achieve compliance.
2021-11-17 13:13 | |
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“Binance has grown very quickly, and we haven't always got everything exactly right,” says CEO Changpeng Zhao amidst growing scrutiny from global regulators, adding: “We know that we are at the tipping point, along with the broader industry.
2021-7-8 17:55 | |
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Arguably the world's biggest cryptocurrency exchange, Binance, is in the news today after it advised its users in Ontario, Canada to "close out all active positions" by the end of this year. As per thThe post Binance lists Ontario as 'restricted jurisdiction' citing 'compliance efforts' appeared first on AMBCrypto.
2021-6-26 18:30 | |
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2021 has already become a year of institutional investors arrival to the cryptocurrency market. Wall Street players saw digital assets as another tool for diversifying their investment portfolios.
2021-5-18 12:47 | |
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BitMEX derivatives exchange adds the Refinitiv World-Check One to its suite of tools used by the exchange for its compliance procedures. Following a testing period earlier in the year with top executives charged with money laundering, racketeering, and market manipulation, BitMEX is turning a leaf in its compliance procedures.
2020-11-19 19:52 | |
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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.
2020-10-24 02:15 | |
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Leading crypto exchanges will release whitepapers in August that will detail a collaborative approach towards complying with the FATF Travel Rule. It has now been one year since this rule came into action with a recent review to assess progress on compliance.
2020-7-24 22:22 | |
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Several regulators in the U. S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus on crypto oversight.
2020-1-12 18:05 | |
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U.S. SEC will continue to prioritize crypto compliance in the coming year, but seems to be more interested in bringing the industry in from the cold
2020-1-7 22:16 | |
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Digital equality — or access to the internet by making it accessible to everyone, including those with disabilities — is a serious moral and ethical issue. If left unchecked, digital inaccessibility can also be expensive and harmful to your brand.
2019-9-27 14:00 | |
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Ripple, a strong reason behind Euro Exim’s win The strategic partnership “strengthens” its compliance process and ramps-up speed and efficiency Euro Exim Bank, a global financial solution that focuses on facilitating international trade has been announced — the second year running — the winner of the Best Global Trade Services Bank award. “This year the […]
2019-9-1 19:45 | |
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Tokyo based crypto exchange company that was started by SoftBank last year, VC Trade, has collaborated with blockchain security company CoolBitx for KYC. CoolBitX made the announcement alongside the launch of Sygna, its know-your-customer (KYC) and anti-money laundering (AML) compliance-focused cryptocurrency transaction and security solution.
2019-8-9 20:33 | |
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The Economic Times reports that India is gearing up to seek ‘adequacy’ status with the European Union‘s General Data Protection Regulation (GDPR), a set of privacy laws adopted by the region in 2016 and enforced from last year.
2019-7-30 09:57 | |
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LocalBitcoins, one of the most popular peer-to-peer cryptocurrency platform in the world, has been in the negative limelight of the cryptocurrency space for quite some time. The platform was first criticized earlier this year for introducing KYC/ AML and later for removing cash trading option, the reason cited being regulatory compliance.
2019-6-14 03:30 | |
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Several major cryptocurrency traders have reportedly begun discussing plans to enact an industry-wide blacklist of suspicious actors, to stem the tide of scams, theft and fraud in the crypto space.
2019-5-10 15:52 | |
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Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.
2019-4-24 22:55 | |
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Blockchain security firm BitGo has gained a further security certification from an external auditor after a review of its compliance
2019-4-23 13:57 | |
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In 2017, initial coin offerings (ICOs) were in their heyday. In fact, between July and November that year, they managed to raise a total of $3 billion amongst over 430 companies. ICOs were influenced by IPOs, which are initial public offerings, because of their success in traditional finance. However, there are many exceptions, like that […]
2019-2-21 14:54 | |
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Happy Chinese New Year! The Year of the Dog is now over. Time for the main takeaways: from the ICO market’s decline to the “Blockchain before Bitcoin” trend
2019-2-10 20:15 | |
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Binance’s cryptocurrency exchange platform has expanded into the European market with its entry into the Island of Jersey, a self-governing dependency of Great Britain.
2019-1-19 00:50 | |
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2019 is expected to be the year of security tokens, but that might be more complicated than it sounds. Aspencoin, a digital security launched last year, has recently transitioned to a new venue, demonstrating that when it comes to compliance, not all trading platforms are alike.
2019-1-17 00:14 | |
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Office of Compliance Inspections and Examinations (OCIE) of the US Securities and Exchange Commission (SEC) recently released its “2019 Examination Priorities” report in which it mentioned cryptocurrencies.
2019-1-14 18:29 | |
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Technology lawyer Addison Cameron-Huff launched his new, Toronto-based, all-crypto legal firm on January 3, 2019, Bitcoin’s 10th anniversary, as a statement of his commitment to working for and promoting Bitcoin and cryptocurrency-based businesses.
2019-1-11 21:17 | |
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For investors whose first time investing in bitcoin was in 2018 or after late 2017, there is a high likelihood that they have incurred substantial losses for the fiscal year of 2018 if they haven’t sold yet.
2018-12-29 02:01 | |
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Zachary Fallon and James Blakemore are securities law attorneys who lead Ketsal Consulting, a strategic advisory firm focused on blockchain compliance. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.
2018-12-28 02:31 | |
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The securities regulator has released its 2019 compliance examination program with digital assets named as one of the top priorities.
2018-12-22 21:13 | |
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BitGo has a new CEO for its custody business. The cryptocurrency solution provider has recruited Richard Corcoran as its new chief executive officer. Having retired some years back after over 30 years in the traditional banking and finance industry, Corcoran has come out of retirement to lead the BitGo Trust Company, BitGo's crypto custody arm.
2018-12-8 21:38 | |
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On November 27, 2018, a California judge turned back the SEC’s request for an injunction against token company BlockVest, a company the U. S. Securities and Exchange Commission (SEC) is pursuing for allegedly conducting an unregistered securities offering.
2018-12-1 22:36 | |
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Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order.
2018-11-22 22:05 | |
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The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.
2018-11-15 16:58 | |
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Today, November 14, 2018, the New York State Department of Financial Services (DFS) announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license.
2018-11-15 01:22 | |
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Aiming to create an SEC and FINRA-compliant U. S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture. According to an announcement made on November 1, 2018, officials behind the venture look to trade security tokens within a “compliant marketplace” and within the context of “other applicable regulatory approvals.
2018-11-1 19:06 | |
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The law offices of Pomerantz LLP in New York have filed a series of civil suits against MGT Capital Investment and its executive officers on behalf of several of the trading firm’s past or present customers.
2018-10-18 20:05 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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Crypto trading volume will increase 50% next year and grow at 9% compound annual growth rate (CAGR) through 2028, according to ICO advisory firm Satis Group. As a result, exchanges will continue to increase revenue — growing from $2.
2018-9-26 17:30 | |
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Huobi Japan Holding Ltd. has acquired a majority stake in Japanese cryptocurrency exchange BitTrade, marking the top-three exchange’s formal entry into the Japanese market.
2018-9-14 22:25 | |
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BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.
2018-9-14 20:01 | |
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The Canadian government has postponed the release of its final regulations for cryptocurrency and blockchain companies. The final published regulations were due this fall, but the government now says they won’t be published in the Canada Gazette until late 2019.
2018-8-28 20:18 | |
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AxiomSL conducted a survey assessing interest among U. S. companies to invest in blockchain technology for compliance purposes. The survey found that 21 percent of bosses in companies were interested in the endeavor, a significant increase from last year’s 8 percent.
2018-8-11 20:03 | |
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ConsenSys, the Ethereum production studio based in the U. S. , launched ConsenSys Ventures last year selecting Kavita Gupta to run two funds of $50 million and $100 million.
2018-8-6 17:40 | |
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