カテゴリー: AML

Finland Begins Regulating Cryptocurrency Service Providers

Finland Begins Regulating Cryptocurrency Service ProvidersFinland’s president has approved a law to regulate cryptocurrency service providers including exchanges, custodian wallet providers, and issuers of cryptocurrencies. The law will enter into force next week. Crypto service providers will need to register with the country’s Financial Supervisory Authority and meet statutory requirements. Also read: Indian Supreme Court Postpones Crypto Case at Government’s […]

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Lithuania to Adopt Crypto Regulations Even Stricter Than the EU’s

Lithuania to Adopt Crypto Regulations Stricter Than the EU RulesLithuania, one of the Baltic tigers that has in past few years demonstrated it doesn’t shy away from new technologies and the digital economy, is preparing to introduce stricter rules for crypto companies. The government in Vilnius is working on amendments that according to officials will go beyond the requirements of the latest, fifth EU […]

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Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations

Finland's Regulatory Watchdog Plans to Supervise Localbitcoins OperationsOn Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements. The move to bolster the new customer verification procedure follows Finland’s Financial Supervisory Authority (FSA) mandating supervision over exchange operations. Also read: Mineable Cryptocurrencies Are Far More Valuable Than Non-Mineable Coins […]

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How the World’s Leading Banks Help Launder $2 Trillion a Year

The World's Leading Banks Help Launder $2 Trillion a YearSome of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or […]

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In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina

In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in ArgentinaIn this edition of The Daily we cover an exchange that offers cryptocurrency investors access to tokenized ETFs based on major indices, a response from Chainalysis to the recent outcry against blockchain surveillance services abusing customer data, and a program to support startups by Binance Labs in Argentina. Also Read: Israel Securities Authority Wants a […]

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Coinbase Severs Ties With Hacking Team Members While Data-Sharing Backlash Intensifies

Coinbase Backlash Intensifies Amidst Data-Sharing ConcernsCoinbase has been trending on crypto Twitter all week, but for all the wrong reasons. The #DeleteCoinbase hashtag has circulated on account of the dubious practices of Neutrino, the blockchain surveillance team it acquired. Now, the California-based exchange has bowed to public pressure and severed ties with key members of the Neutrino team. Also read: […]

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Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize

Crypto Exchange Circle Partners With Financial Surveillance Provider Nice ActimizeOn Feb. 27, Boston-based cryptocurrency finance firm Circle announced a partnership with Nice Actimize financial crime detection and prevention technologies unit. Circle follows other large cryptocurrency exchanges that have opted to add a compliance and surveillance solution. Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months Goldman Sachs-Backed Crypto Exchange […]

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In the Daily: Huobi AML Measures, New OTC Desk, Bank Card Deposits

In the Daily: Huobi AML Measures, New OTC Desk, Bank Card DepositsIn The Daily this Monday, we feature several developments cryptocurrency traders may want to know more about. The Korean subsidiary of global digital asset exchange Huobi is enhancing its anti-money laundering measures and a new over-the-counter trading desk will offer services to crypto investors. Also, Liquid and Simplex are now working together to provide customers […]

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How Crypto Compliance Requests Strip User Privacy

Crypto Card Compliance Requests Risk Stripping User PrivacyMoney transmitting services that enable users to switch from crypto to fiat are a valuable resource. There’s still a shortage of cryptocurrency off-ramps, and thus reliable services that offer a reasonable exchange rate are to be cherished. But the convenience that crypto debit cards and other crypto-fiat exchanging services offer comes at a high price […]

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In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud

In the Daily: Sirin Labs’ Smartphone, Middle East’s Cbx Exchange, IPC's Connexus CloudIn this edition of The Daily we cover a number of cryptocurrency-related business collaborations from around the world. These include Sirin Labs and Simplex, Middle East-focused crypto exchange Cbx, and Heliocor, IPC and ICE Data Services. Additionally covered is an update from the FBI which is conducting an investigation into Bitconnect. Also Read: Coinflex Launches […]

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