カテゴリー: AML

Localbitcoins to Introduce New User Verification Rules

Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules. Also read: 3 Technical Proposals for Increasing Bitcoin’s Privacy P2P Exchange Localbitcoins Advising Finnish Regulators In a […]

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The Wrapped Bitcoin Project Has Officially Launched on Ethereum

The Wrapped Bitcoin Project Has Officially Launched on EthereumOn Jan. 30, a group of cryptocurrency developers and organizations officially launched a project called Wrapped Bitcoin (WBTC) on the Ethereum network. The ERC20 token is a coin backed by bitcoin core (BTC) reserves and has started trading on several exchange platforms. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings The Introduction of […]

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The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto Regulation

The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto RegulationIn this edition of The Daily, Iran is reportedly preparing to announce its national cryptocurrency during a conference starting on Jan. 29. Also, a draft decree introducing legal definitions for terms related to cryptocurrencies has been introduced in the Italian Senate and the IMF has voiced concerns over Malta’s blockchain industry while recognizing the positive […]

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The Daily: Arguing Over Augur, Regulated Stablecoins Attract Flak

The Daily: Arguing Over Augur, Regulated Stablecoins Attract FlakWelcome to the final installment of The Daily for 2018. It seems fitting that the year’s ultimate edition should focus on one of 2018’s overarching themes within the cryptoconomy – stablecoins. We’ve also got space to squeeze in a critique of Augur’s crowdsourced prediction market and to consider yet another bitcoin-based Patreon alternative. Also read: 1 […]

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Following the Crypto-Anarchist Dream: 3 Reasons to Reject KYC and AML

Last year, crypto KYC and AML requirements came bursting onto the scene with thunderous applause and approbation. Many traders felt like the ICO sector was rife with scammers and con artists. In this sense, they believed there would be redemption through government. The scammers and hucksters would go to prison for defrauding investors and all […]

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Estonia Issues Over 900 Licenses to Cryptocurrency Businesses

Estonia Issues Over 900 Licenses to Cryptocurrency BusinessesIn less than a year since Estonia introduced licensing for companies operating in the cryptocurrency industry, the number of licenses issued has surpassed 900. Authorities in the Baltic country have adopted a rather progressive approach to regulating the crypto space but startups have complained that local banks are still reluctant to offer them regular services. […]

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Taiwan Passes Law to Crack Down on Anonymous Cryptocurrency Transactions

Taiwan Passes Law to Crack Down on Anonymous Cryptocurrency TransactionsThe Taiwanese government has amended its laws that regulate cryptocurrency transactions. The revisions reportedly give the country’s Financial Supervisory Commission “the authority to crack down on anonymous virtual currency transactions.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Amendments Passed The Legislative Yuan, Taiwan’s highest legislative body, on Friday passed some amendments to existing laws aimed […]

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‘Decentralized’ Exchange IDEX to Introduce Full KYC

IDEX, the world’s most popular decentralized exchange, is to transition to a full verification model. The move comes days after the platform began excluding residents of New York State as part of its compliance efforts. Its latest measure, described by IDEX as “pragmatic decentralization” has drawn ire from a segment of the cryptocurrency community. Also […]

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Korean Court Rules in Favor of Cryptocurrency Exchange Against Bank

A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account of cryptocurrency exchange Coinis based solely on the government’s anti-money laundering guidelines. This is reportedly the first time a Korean crypto exchange has taken legal action against a bank for blocking its transactions. […]

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