2019-11-13 14:50 |
Reports show that fiat currency is still the favorite choice for money laundering, with 2–5% of all transactions being illicit, yet regulators ferociously attack AML policies
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Japanese VC Trade has adopted CoolBitX’s Sygna, a know-your customer and anti-money laundering compliance technology focused on digital currency transactions
2019-8-9 21:10 | |
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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 Treasury Secretary of the United States of America, Steve Mnuchin, told CNBC in an exclusive interview that G7 financial heads were not comfortable with Libra and expressed their doubts over the ability of the payment consortium to adhere to anti-money laundering (AML) and money transmission regulations.
2019-7-21 23:00 | |
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Japanese blockchain company BUIDL has launched SHIEDL, an anti-money laundering (AML) and counter financing of terrorism (CFT) tool for cryptocurrency exchanges.
2019-7-26 22:00 | |
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With Libra under intense scrutiny, U. S. lawmakers are having to understand the difference between bitcoin and Facebook’s crypto project. Bitcoin is Already a Regulated Space Speaking to CNBC, Meltem Demirors, Chief Strategy Officer (CSO) at CoinShares, highlighted the already regulated nature of the bitcoin space.
2019-7-19 23:00 | |
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The representative of Libra David Marcus tried to convince the US Senate that the cryptocurrency does not threaten bankers. Did he succeed? We will see soon. Marcus first of all drew the attention of senators that Libra will strictly follow AML standards (anti-money laundering) and will generally be registered with the FinCEN (Financial Crimes Enforcement […]
2019-7-18 13:03 | |
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Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users […] The post Multi-Million Bitcoin ATM Scheme Exposes Holes in EU’s Money Laundering Net appeared first on CCN Markets
2019-7-14 08:51 | |
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Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users […] The post Multi-Million Bitcoin ATM Scheme Exposes Holes in EU's Money Laundering Net appeared first on CCN Markets
2019-7-13 08:51 | |
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Spanish law enforcement says Bitcoin ATMs enable criminals to circumvent anti-money laundering (AML) regulations according to a report by Bloomberg. This statement comes following calls from officials in Canada for crypto cash machines to be banned over money-laundering concerns.
2019-7-13 01:00 | |
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CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceThe Bitfury Group a full-service blockchain technology company, has announced a collaboration with Massachusetts, U. S. -based The Provident Bank to use its Crystal blockchain analytics platform for new digital asset compliance, including anti-money laundering services.
2019-7-11 19:44 | |
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In a bid to make it harder for drug traffickers, fraudsters, and other bad actors to launder money both in the form of cryptocurrency and fiat, the Netherlands’ Minister of Finance, Wopke Hoekstra, and Minister of Justice, Joseph Grapperhaus, have submitted new anti-money laundering (AML) proposals to the nation’s Lower House of Parliament, according toRead MoreRead More.
2019-7-2 19:00 | |
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Contrary to the prevailing narrative, the incoming Financial Action Task Force (FATF) anti-money laundering (AML) guidelines for cryptocurrencies might not be overly negative for the industry. However, there are still a few vague aspects of the FATF’s document that might require a little extra clarifying before it publishes its interpretive note later in 2019.
2019-6-24 09:00 | |
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According to the nonprofit research and advocacy center called Coin Center, the proposed anti-money laundering (AML) and counter-terrorism financing (CTF) regulations violate users’ privacy rights. Coin Center has urged Her Majesty’s Treasury not to implement these regulations.
2019-6-11 02:50 | |
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Nonprofit crypto policy center Coin Center has urged Her Majesty’s Treasury not to over-broaden the scope of U.K.’s anti-money laundering/counter terrorism financing regulations
2019-6-11 22:36 | |
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Malta, one of the most friendly jurisdictions for Bitcoin (BTC), cryptocurrencies and blockchain technology, is currently being questioned by the European Union (EU) for its friendly KYC and AML policies it has.
2019-6-6 23:09 | |
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Malta should increase its anti-money laundering policing to match the growth in financial and crypto services, according to the EU.
2019-6-6 20:30 | |
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According to a press release issued May 29, 2019, Japanese e-commerce giant Rakuten Group’s subsidiary, Rakuten Wallet, entered into a partnership with blockchain security firm CipherTrace to bolster its upcoming cryptocurrency exchange’s anti-money laundering (AML) measures.
2019-5-30 13:28 | |
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CryptoNinjas Blockchain security company CipherTrace and Rakuten Wallet — a subsidiary of Rakuten Group, a global company that operates one of the largest e-commerce sites in Japan, today announced a partnership to assure anti-money laundering (AML) compliance for the company’s anticipated cryptocurrency exchange.
2019-5-30 17:46 | |
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IdentityMind has just gone ahead to announce that Bittrex platform will be utilizing their Digital Identities Platform. They will be using the platform for the automated transaction monitoring as their core function in the AML program they have in place, this is for both the Bittrex.
2019-5-23 19:38 | |
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Cryptocurrency exchange Bittrex on May 21, 2019, announced that it had partnered with blockchain security solutions firm IdentityMind to bolster its anti-money laundering (AML) measures. Tightening Security Measures The Financial Action Task Force’s (FATF) persistence to establish strict crypto regulations across the globe has weighed down on exchange platforms who have, to date, been followingRead MoreRead More.
2019-5-22 20:00 | |
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On 19 May, 2019, @Whale_Alert tweeted a transaction of 2000 BTCs between Bitfinex and an unknown wallet, which after in-depth research by a Twitter user, confirmed that it was linked with wash-trading, mixing and laundering of funds.
2019-5-22 12:01 | |
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It looks as if cryptocurrency service providers will have to adopt stricter know-your-customer (KYC) policies all across the world — and not everyone is happy about that.
2019-5-13 21:33 | |
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On Thursday (May 9, 2019), the U. S. Financial Crimes Enforcement Network (FinCEN) published new guidelines showing how anti-money laundering (AML) laws apply to Bitcoin and the rest of the cryptocurrency in general.
2019-5-12 22:00 | |
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Two Israeli citizens have been apprehended by law enforcement based on suspicions that they developed and ran a darknet marketplace for dealing illegal goods. The Israeli police announced via Twitter that it has collaborated with the United States Federal Bureau of Investigation (FBI) to arrest two locals who they believe managed the dark web marketplace, which used bitcoin to facilitate trades.
2019-5-8 18:42 | |
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Two Israeli citizens have been apprehended by law enforcement based on suspicions that they developed and ran a darknet marketplace for dealing illegal goods. The Israeli police announced via Twitter that it has collaborated with the United States Federal Bureau of Investigation (FBI) to arrest two locals who they believe managed the dark web marketplace, which used bitcoin to facilitate trades.
2019-5-8 18:42 | |
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As part of its efforts to be regulatory compliant, Malta-based crypto exchange Binance has partnered with Blockchain startup Elliptic. According to a Coindesk report, the partnership will help Binance mitigate anti-money laundering (AML) concerns as it expands into new regions.
2019-5-3 19:27 | |
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Crypto security and intelligence firm CipherTrace has published its Q1 2019 Cryptocurrency Anti-Money Laundering Report, revealing that exchange platforms all over the world have lost nearly $400 million as a result of hacks and thefts.
2019-5-3 17:40 | |
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U. S. Attorney's office for the Southern District of New York has charged two individuals for providing “shadow banking” services to crypto exchanges. According to a statement by Geoffrey S.
2019-5-2 23:54 | |
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Cryptocurrency businesses in Finland will now have to register with the country’s financial watchdog. As a result of the ACT OF VIRTUAL CURRENCY PROVIDERS, which comes into force on May 1, businesses will have to adhere with statutory requirements, including holding and protecting client money, segregating client money and own funds, and ensuring compliance with anti-money laundering regulation.
2019-4-29 17:31 | |
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North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.
2019-4-25 17:04 | |
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It has been recently revealed that the G20 countries will be coming together to discuss regulations regarding the presence of cryptocurrencies. As per news outlet, News. Bitcoin. com, the discussion stems from the fact that cryptocurrencies need further following and are required to meet the standards of the AML (anti-money laundering) and CTF (counter-terrorism financing) policies (https://news.
2019-4-19 20:20 | |
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U.S. regulator FinCEN has for the first time penalized a cryptocurrency trader for breaking anti-money laundering rules.
2019-4-19 11:35 | |
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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 | |
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Bittrex, a United States–based cryptocurrency exchange platform, has issued a response to the recent setback in its plans to expand to New York. Yesterday, the New York State Department of Financial Services (NYDFS) rejected the exchange's BitLicense application, a requirement for offering crypto-based services to New Yorkers.
2019-4-12 19:57 | |
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CryptoNinjas Blockchain security company CipherTrace and Binance, the largest cryptocurrency exchange by trading volume and users, today announced their partnership to enhance the exchange’s robust anti-money laundering (AML) compliance program.
2019-4-12 19:55 | |
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Binance announced a partnership with CipherTrace, a blockchain security company, with the aim of enhancing the exchange’s anti-money laundering (AML) compliance program. World’s Largest Crypto Exchange Aims to Improve Its AML Compliance CipherTrace, a blockchain security company, is teaming up with Binance in order to help the exchange enhance its regulatory compliance.
2019-4-11 16:00 | |
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Seattle-based cryptocurrency exchange Bittrex is “saddened and disappointed” by the New York Department of Financial Services’ (NYDFS) rejection of its BitLicense application. In its official statement, Bittrex said it fully disputed the findings of the NYDFS decision.
2019-4-11 13:27 | |
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Coinspeaker Bitcoin Exchange Bitstamp Receives NY’s BitLicense After 3-Year WaitTo receive BitLicense, Bitstamp has undergone a robust examination into the company’s Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance as well as the anti-fraud, capitalization and cybersecurity policies.
2019-4-10 08:33 | |
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A 22-year-old man in the US has been sentenced to two years in prison for selling hundreds of thousands of dollars in Bitcoin through an unlicensed money transmitting business. Jacob Burrell Campos, who had been in custody without bail since he was arrested in August last year, was also forced to forfeit $823,357 in illicit profits.
2019-4-9 13:04 | |
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G-20 nations are set to decide on new measures on crypto anti-money laundering (AML) and counter-terrorism as it was reported on April 4, 2019, that they will meet in June to discuss this. Soon to Meet One of the things that have helped propel cryptocurrency to greater heights is the creation of favorable regulations byRead MoreRead More.
2019-4-9 09:00 | |
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Anti-money laundering cryptocurrency regulation will be discussed by G20 member countries June 8-9 in Fukuoka, Japan, a recent report claims
2019-4-7 13:34 | |
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The peer-to-peer bitcoin marketplace Paxful announced today, April 2, 2019, that it’s introducing AI-powered identity verification to help improve know-your-customer (KYC) and anti-money laundering (AML) procedures on the platform.
2019-4-3 21:13 | |
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Within nearly every jurisdiction at this point, the requirement for crypto exchanges to comply with both Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures as part of the identification process.
2019-4-2 16:53 | |
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The Finland-based, peer-to-peer cryptocurrency trading platform LocalBitcoins released a statement on March 25, 2019, responding to a new act approved by the Finnish Parliament that will require users to verify their identities.
2019-3-28 18:00 | |
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LocalBitcoins, one of the oldest peer-to-peer Bitcoin exchange platforms, will be taking steps to change its anti-money laundering (AML) and know your customer (KYC) policies. The move follows the introduction of new regulation from Finland’s Financial Supervisory Authority (FSA), where the company is based.
2019-3-28 10:53 | |
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Binance, the world’s largest cryptocurrency exchange by trade volume has entered into a partnership with risk management and data security firm IdentityMind, reports Forbes, March 26, 2019. Binance Ups its Security Game Per sources close to the matter, IdentityMind will provide its Know Your Customer (KYC) and Anti-Money Laundering (AML) services to Binance to strengthenRead More
2019-3-27 14:00 | |
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Binance, the largest cryptocurrency exchange based on adjusted volume, is collaborating with IdentityMind’s Know Your Customer [KYC] and Anti-Money Laundering [AML] services. The partnership was announced via an official blog post on 26 March.
2019-3-27 12:30 | |
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CryptoNinjas IdentityMind, a risk management and RegTech compliance platform with Know Your Customer (KYC) and Anti-Money Laundering (AML) services, announced today its partnership with Binance, the popular cryptocurrency exchange.
2019-3-27 19:00 | |
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On March 25, 2019, international peer-to-peer (P2P) cryptocurrency exchange platform LocalBitcoins announced through a blog post that it would soon come under the purview of the anti-money laundering (AML) law supervised by the Financial Supervisory Authority (FSA) of Finland.
2019-3-26 18:00 | |
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Crime isn’t supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering.
2019-3-20 16:49 | |
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Hong Kong has confirmed that its first regulated stablecoins are expected to enter circulation between the middle and second half of 2026 after two bank-backed institutions secured issuer licenses earlier this year.
Invesco has filed with the U. S. Securities and Exchange Commission to launch a tokenized money market fund that will invest in cash and short term U. S. Treasury securities for stablecoin reserve management.
StablecoinX starts Nasdaq trading under USDE after its TLGY merger, holding $275m in ENA tokens tied to Ethena’s stablecoin ecosystem.
Animoca Brands has made a strategic investment in stablecoin payment infrastructure provider AllScale and has agreed to explore joint payment and AI commerce initiatives across its ecosystem. Animoca Brands announced on X that it has invested in AllScale, although neither…
Stablecore has launched an early access stablecoin and digital asset program for U. S. credit unions, allowing participating institutions to test blockchain-based financial services before deciding whether to integrate them into their banking platforms.
Abracadabra hikes Cauldron rates and pauses incentives after MIM fell near $0.50, aiming to cut supply and restore its $1 peg after a depeg.
Yellow Card secures Swiss AML affiliation to strengthen regulatory compliance and expand institutional access to global stablecoin infrastructure.