Major Banks Unknowingly Process Billions in Crypto Business, Says CipherTrace

2019-12-17 14:54

According to CipherTrace, major U.S. banks unwittingly process billions of dollars from crypto-related business because they are ill-equipped to identify virtual asset service providers

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Источник: cointelegraph.com

ciphertrace major → Результатов: 8

Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year

According to the blockchain analysis firm Ciphertrace, major U. S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered cryptocurrency transfers.

2019-12-17 03:30	Regulations
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Crypto Companies Process $2 Billion At Major Banks Without Their Knowledge: CipherTrace

CipherTrace launched a press release on December 16, claiming it has discovered that each of the most important commercial banks in the US has an unregistered crypto business using their own payment networks in order to process funds.

2019-12-16 19:33	Industry
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CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance

How to comply with anti-money laundering regulations while preserving user privacy was a major topic of conversation at this conference

2019-11-9 17:33	Privacy
anti-money laundering major user privacy conference conversation

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CipherTrace Detects Major Uptick in Cross-Border Payments to Offshore Crypto Exchanges

There has been a 47% rise in cross-border payments from U.S. crypto exchanges to offshore exchanges since early 2017, posing an ostensible quandary for regulators

2019-4-29 15:59
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Binance Partners with Blockchain Security Firm CipherTrace, Bolsters AML Measures

Malta-based cryptocurrency exchange Binance announced that they have partnered with blockchain security firm CipherTrace to bolster their anti-money laundering (AML) measures. This according to a Binance Blog post on April 11, 2019.

2019-4-12 11:45	security
measures binance security blockchain cryptocurrency laundering firm

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Blockchain security firm CipherTrace raises $15 million

Blockchain security company CipherTrace, today announced a major venture capital financing to fund rapid growth. The company has raised $15 million in venture capital from top Silicon Valley and New York venture capital firms with deep cybersecurity and crypto asset expertise. The round... Source

2019-2-20 01:51
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CipherTrace releases upgraded version of cryptocurrency intel platform

CryptoNinjas CipherTrace, a cryptocurrency intelligence, and blockchain threat network, announced today CipherTrace Cryptocurrency Intelligence Version 3, which delivers a major upgrade to the platform.

2019-2-6 03:21
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Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 2018

Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.

2018-10-13 23:34	Privacy & security
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