2022-4-1 19:30 |
Modern know-your-customer, anti-money laundering regulations are ineffective; crypto represents a better option to address this problem.
Similar to Notcoin - Blum - Airdrops In 2024
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Proposed anti-money laundering rules are up for a parliamentary committee vote on Thursday along with a separate provision seeking to end anonymous crypto transactions in the European Union.
2022-3-31 20:42 | |
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Bitcoin Suisse, a Swiss crypto-finance and technology provider, announced today that it partnered with software company Atfinity to further enhance its AML (anti-money laundering) processes and streamline its KYC (know your customer) set-up.
2022-3-26 21:17 | |
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The EU is setting up an anti-money laundering watchdog, and leaders want it to have strict oversight of crypto firms.
2022-2-26 16:24 | |
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Coinbase, along with 17 other crypto firms, recently launched a ‘Travel Rule Universal Solution Technology’ (TRUST), a platform that will enable the group of well-established US companies to achieve compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations–announced the largest crypto exchange in the US.
2022-2-18 08:30 | |
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Canadian Deputy Prime Minister and Minister for Finance Chrystia Freeland announced at a press conference that the government has invoked the Emergencies Act to expand the scope of anti-money laundering and terrorist financing rules to cover crowdfunding platforms and their payment service providers in an effort to crack down on the “Freedom Convoy” protests.
2022-2-16 22:00 | |
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South Korea’s anti-money laundering unit recently approved Bithumb’s application to enable crypto services. Soon after, local reports claimed that the exchange's largest shareholder is eyeing a coThe post Amid tightening regulations in South Korea, Vidente eyes controlling stake in Bithumb appeared first on AMBCrypto.
2021-11-26 15:30 | |
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H2: Bithumb crypto approval to compete with Upbit's market dominance in South Korea South Korea's anti-money laundering unit recently approved Bithumb's application to enable crypto services after The post After approval, can Bithumb shake Upbit's crypto monopoly in South Korea appeared first on AMBCrypto.
2021-11-22 20:30 | |
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Israel has had a hard time accepting the growth of the blockchain and cryptocurrency industry, with many burdensome regulations keeping companies in limbo. The nation already has strict anti-money lauThe post Israel enacts fresh crypto rules to combat laundering, terror funding activities appeared first on AMBCrypto.
2021-11-15 20:30 | |
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Financial Action Task Force (FATF), the agency that makes anti-money laundering (AML) rules for governments to follow worldwide, released its updated guidance for crypto on Thursday. Based on prior guidelines issued in 2019 and the follow-up report from last year, the FATF has laid down new rules on everything from custodians to crypto exchanges.
2021-10-28 16:50 | |
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The panel’s mandate will include exploring KYC processes, digital banking, blockchain for attracting investments, terrorism financing, and anti-money laundering. The government of Sri Lanka approved the formation of a panel to study the regulations and rules applicable to blockchain, digital banking, and crypto mining in other countries.
2021-10-8 12:24 | |
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In an effort to combat money laundering, Swiss authorities are seeking to limit the transaction amount threshold for cryptocurrency transactions to 1000 Swiss francs, after which identity of the party involved in the transaction is required.
2021-9-26 14:48 | |
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The Cardano Foundation has partnered with blockchain analytics provider Coinfirm to deploy Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) analytics. According to a statement relThe post Cardano Foundation announces Coinfirm partnership to 'enhance security of crypto' appeared first on AMBCrypto.
2021-8-25 13:19 | |
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Binance crypto exchange is taking further steps in its attempts to take the edge off the increased regulatory scrutiny by hiring a former Inland Revenue Service (IRS) investigator and cybercrime guru to lead its anti-money laundering requirements.
2021-8-19 00:18 | |
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Anti-money laundering authorities in India are investigating whether Binance’s subsidiary and the largest crypto exchange in India WazirX is involved in money laundering activities linked to Chinese betting apps in the country.
2021-7-31 22:59 | |
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Banks in Ireland have welcomed an upcoming reform of the European Union’s anti-money laundering regulations that will affect the crypto space. The Irish banking industry organization voiced support for the changes aimed at disrupting illicit transactions at the union level while calling them “radical.
2021-7-25 11:00 | |
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The South Korean government’s top financial regulator warned Thursday that foreign cryptocurrency exchanges that target Koreans would risk banned access to their websites as well as criminal investigations unless they register with the country’s anti-money laundering authority.
2021-7-23 23:00 | |
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Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents.
2021-7-23 19:30 | |
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Robinhood's crypto trading division Robinhood Crypto is set to pay a $30 million settlement to the New York State Department of Financial Services (NYDFS). This comes after investigations discovered that the firm had violated regulatory requirements relating to anti-money laundering and cybersecurity.
2021-7-23 18:38 | |
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The chairman of South Korea’s Financial Services Commission (FSC), Eun Sung-soo has said that cryptocurrency exchanges operating abroad that offer the Korean won trading pair must register with the anti-money laundering (AML) regulator.
2021-7-14 11:00 | |
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The EU is stepping up its anti-money laundering (AML) game and crypto monitoring with the introduction of a new agency. European Commission Proposes New Anti Money Laundering Regulator Documents seen by Reuters confirmed that the EU bloc is taking a tougher stand on money laundering, terrorist financing, and organized crime.
2021-7-9 19:39 | |
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The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers.
2021-7-8 19:30 | |
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Britain’s Financial Conduct Authority (FCA) said yesterday that numerous crypto businesses are withdrawing their application to legally register, while failing to meet anti-money laundering and counter-terrorism financing rules.
2021-6-5 19:00 | |
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The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business.
2021-6-5 13:19 | |
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Ciphertrace, a blockchain analytics company, has announced that crypto-related crimes have moved to the realm of decentralized finance (defi) apps and protocols. Now, the impact these hacks and exploits represent is way bigger than the one classic hacks to centralized exchanges and other scams do, according to their latest “Cryptocurrency Crime and Anti-Money Laundering Report.” […]
2021-5-15 03:30 | |
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The Spanish government doesn’t stop imposing its tough stance on cryptocurrencies, as another rule comes to strengthen the existing ones. A royal decree recently enacted aligns current regulations with the European Union’s directives regarding anti-money laundering (AML).
2021-5-5 02:30 | |
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Thailand’s financial watchdogs are gearing up to introduce new policies that will require crypto exchanges to verify the identities of new users in person. The country’s Anti-Money Laundering Office (AMLO) will mandate exchanges to use a dip-chip machine for identity verification starting July 2021.
2021-5-3 14:22 | |
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The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges. Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered by anti-money laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. The Official Gazette […]
2021-5-3 10:30 | |
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Authorities in Taiwan have made it clear to cryptocurrency exchanges and bitcoin (BTC) trading platforms in the region that they have until July 1, 2021, to fully comply with existing anti-money laundering (AML) regulations in the region, according to a press release by the Financial Supervision and Administration Commission (FSC) on April 20, 2021. Taiwan’sRead More
2021-4-26 21:00 | |
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Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat.
2021-3-28 05:30 | |
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There will be no more anonymous trading for cryptocurrency traders in Ireland as the country ushers in new regulations that would change the crypto landscape. Cryptocurrency firms now have to register with the central bank and institute anti-money laundering (AML) guidelines or close shop.
2021-3-18 17:24 | |
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Ireland has proposed a new regulation that would prevent users from trading cryptocurrencies anonymously. The new anti-money laundering (AML) rules require cryptocurrency entities to begin implementing measures, starting from the next month, that would prevent anonymous trading of these currencies.
2021-3-18 10:46 | |
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South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.
2021-3-10 13:24 | |
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The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering.
2021-3-9 12:34 | |
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Backed by CipherTrace, TRISA looks to get virtual asset service providers (VASPs) ready for new anti-money laundering rules.
2021-2-19 17:00 | |
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The DeFi summer of 2020 witnessed ‘rug-pulls’ left, right, and center. DeFi Landscape Saw Major Crypto Thefts Blockchain technology and cryptocurrency analysis firm CipherTrace recently released the 2020 Cryptocurrency Crime and Anti-Money Laundering Report.
2021-1-31 22:00 | |
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The U.S. Anti-Money Laundering and Combating the Financing of Terrorism laws: Where will these updates lead the crypto space?
2021-1-25 18:41 | |
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Bitstamp crypto exchange has now made it mandatory for its users who want to withdraw funds to external wallets to first undergo a know-your-customer procedure. The firm says the new measure is in a bid to comply with Netherlands anti-money laundering regulations.
2021-1-20 00:00 | |
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What is a dirty bitcoin? A coin is considered “dirty” if it’s been involved in any illicit activity such as: Crypto crimes like wallet or exchange hacks; Money laundering, which includes criminals trying to hide the proceeds of their illegal activities by converting them into crypto (spoiler: it doesn’t work); Scams such as fraudulent schemes … Continued The post Dirty Bitcoins: How to Conduct an Anti-Money Laundering Check on Your Crypto appeared first on BeInCrypto.
2021-1-15 17:18 | |
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This is a big win for the crypto industry today, which was unanimous in opposition to a new anti-money laundering rule that many saw as rushed and draconian.
2021-1-15 17:49 | |
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Blockchain analysis firm Elliptic said the proposal could “adversely impact” existing anti-money laundering (AML) regulations.
2021-1-1 12:00 | |
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The Financial Crimes Enforcement Network (FinCEN) issued its new proposed rule extending anti-money laundering (AML) regulation to non-custodial wallets on Friday. Under the latest proposed rules, banks and money service businesses that involve exchanges and custodians would be required to keep records and verify the identity of customers transacting greater than $3,000.
2020-12-20 16:23 | |
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Bruno Le Maire–the French Minister of Finance, in a press release on Dec 9, is ordering all cryptocurrency providers to enforce strict Know Your Customer (KYC) and Anti-Money Laundering (AML) rules to combat terrorist financing.
2020-12-11 00:00 | |
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BitMEX has announced a trade surveillance and anti-money laundering (AML) partnership with Eventus Systems. The announcement comes as the crypto exchange battles with the US Commodity Futures Trading Commission (CFTC) on charges of running an unregistered trading platform and violating AML and know-your-customer (KYC) regulations.
2020-11-12 18:08 | |
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The Netherlands has imposed tight regulations related to EU anti-money laundering laws.
2020-10-10 04:00 | |
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The Royal United Services Institute (RUSI), the UK’s “leading” defense and security think tank, has released the findings of a new survey on perceptions of the crypto industry. Conducted in partnership with the Association of Certified Anti-Money Laundering Specialists (ACAMS) and market research firm YouGov, the survey represents 566 unique responses from across the global […] The post Survey Shows Banks and Governments Still View Crypto as Risky appeared first on BeInCrypto.
2020-9-30 18:30 | |
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Estonia had granted foreigners remote access to its digital infrastructure through its e-residency program, which is now linked to cryptocurrency frauds abroad. Amidst Europe working on improving its anti-money laundering rules, with EU banking watchdog calling for a single set of regulations after going through several related scandals, companies headed by Estonian e-residents have been […] The post 'Large-Scale' Crypto Exit Scams Detected in Estonia’s E-Residency Program first appeared on BitcoinExchangeGuide.
2020-9-29 20:50 | |
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Liechtenstein based LCX, today announced a partnership with Pliance. LCX is enhancing its Anti-Money Laundering (AML) processes such as screening of Politically Exposed Persons (PEP), Combating the Financing of...
2020-9-22 07:17 | |
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Irish crypto firms will face stricter obligations after the country belatedly adopts the latest EU anti-money-laundering rules.
2020-8-13 12:55 | |
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Russia's anti-money laundering agency Rosfinmonitoring has already built a prototype blockchain analytics tool, according to a report.
2020-8-13 14:04 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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Animoca Brands subsidiary Gravitaslabs has partnered with Ethereum layer 2 blockchain LightLink to bring new gamified and gasless engagement solutions to brands worldwide. According to a press release shared with crypto.
Nansen announced a strategic partnership with Scroll, an advanced Layer 2 solution designed to enhance the Ethereum blockchain’s speed and cost-efficiency. This collaboration aims to bring Nansen’s analytics and on-chain insights to the Scroll ecosystem, supporting the growth of decentralized…
Cardano is about to make a quantum leap with the forthcoming launch of Midgard, a permissionless Layer 2 solution that may alter the functioning of decentralized blockchain technology.
Chainlink's service is an integral part of many major blockchains but has not featured on Bitcoin until now.
Layer-2 network Scroll released its long-awaited native governance token on Tuesday. Traders have priced SCR at around $1.10, or a $212 million market cap, based on the circulating supply figure of 190 million.
Chromia has partnered with Mantle-based Chasm Network to enhance decentralized artificial intelligence transparency by utilizing its blockchain for data management. Chromia, a layer-1 blockchain platform, has announced a technical partnership with Chasm Network to enhance the transparency and accountability of…
A blockchain contains three main tiers: keeping safety as the top priority, making sure everything works all the time, and letting everyone participate in how a blockchain works. However, when many people use a blockchain at the same time, it…