Tag: aml

Jan 14 2021

Dec 19 2020

Just In: FinCEN “Technically” Prohibits Public Comments on Newly Proposed Crypto Wallet Regulations

Dec 19 2020 Published at Coingape under tags  aml btcbrl btcbusd btcjpy btcusd

The much-awaited regulations around crypto wallets that would extend AML regulations to non-custodial wallets were finally released by the Financial...

Newly Proposed Crypto Regulations “Unlikely” To Hamper Coming Bull Run

For the last few weeks, the blockchain community had been waiting for the new regulations that were rumored to be proposed imminently. There were widespread speculations about their nature and effect on blockchain's future. A lot of worse case ideas were being heard, including those hinting at an end to private custody or sort of a blanket wallet ban. They were finally proposed...

Dec 17 2020

Seychelles, Longtime Home of BitMEX, Is Bending to US Pressure on KYC

Dec 17 2020 Published at CoinDesk under tags  aml bitmex ciphertrace kyc policy & regulation

When it comes to island-hopping crypto exchanges with relaxed know-your- customer rules, BitMEX could be just the tip of the iceberg.

Dec 10 2020

US Congressmen Combat Treasury’s “Impractical Regulatory Burdens” on Crypto

Dec 10 2020 Published at Crypto Briefing under tags  aml analysis congress kyc wallets

Legislative representatives and industry leaders have taken a firm stand against a proposed law that would make KYC/AML mandatory for self-hosted crypto wallets. ...

Can Fintech Regulations Be Positive?

Many see regulations as an impediment to innovation and success. This view is pervasive in the decentralized crypto ecosystem. There are those, however, who maintain a different point of view. An article posted by Entrepreneur posits that fintech regulations can be a good thing and bring about innovation in the industry. The article...

Dec 05 2020

Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts

Dec 05 2020 Published at CoinDesk under tags  aml china crackdown global hong kong

The platform will close all its over-the-counter (OTC) trading services because of the risks related to uncertainties from China’s regulatory policies/

Nov 27 2020

Peter Schiff Calls For Bitcoin’s Doom Again With New KYC Regulations

Nov 27 2020 Published at Coingape under tags  aml bitcoin bitcoin news btcbrl btcbusd

Famous gold proponent Peter Schiff is not a big fan of bitcoin and has predicted the top cryptocurrency's doom on a number of occasions. Schiff's last prediction came after the...

Oct 04 2020

Japanese Crypto Exchange Sues Binance

Japanese cryptocurrency exchange Fisco, formerly known as Zaif, is suing Binance for allegedly facilitating the laundering of some stolen funds. In 2018, Fisco suffered from a hack of $60 million and have now sued Binance in a U.S. court for "aiding and abetting" the process of the laundering scheme. Fisco alleges the laundering led to a loss of over $9 million worth of...

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