Tag: aml

If your transaction on Changelly has been put on hold, that means we have to ask you to pass KYC/AML. In this article, we will take a look at every step you need to take to check it off your list and get back to buying and exchanging crypto. If you have any further questions, please do not hesitate to contact our security...

The government of India has taken yet another step toward regulating digital assets by imposing money laundering rules on the crypto industry. While needing Anti-Money Laundering (AML) requirements for cryptocurrency is nothing new, it is only now that the Indian government has chosen to inform all interested parties of the requirement to abide by the […] The post...

According to a report from Reuters, the government of India has decided to introduce money laundering provisions in the crypto sector. The Finance Ministry released a notice on Tuesday stating that the anti-money laundering legislation shall be applied to crypto trading, safekeeping, and other...

Crypto KYC has become far more commonplace in 2023. This is due to crypto companies becoming an increasingly significant element of the financial system, terms like BTC, ETH, of NFTs have also become widely known across the world.

Virtual asset service providers (VASPs for short) have played a crucial role in crypto’s growth and as crypto exchanges, and crypto wallets sprout so...

What measures should NFT companies or NFTs put in place to become AML compliant? And, is it worth the trouble?

As legislators sharpen their pencils, NFT marketplaces and businesses are bound to be met with AML compliance...

Despite the massive boom seen in the NFT industry, many still seem to be unconvinced about its future, which is why businesses who work towards AML compliance might have an edge later on.

As nascent as this technology seems, it shows incredible promise, fast growing adoption rates, and ease of use.

Accordingly, when those who are still caught up...

Did Silvergate let FTX and Alameda share funds and bank accounts? Isn’t that illegal? Also, if one of the objectives of KYC and AML procedures is to stop money laundering, why didn’t Sam Bankman-Fried and company’s actions trigger alarms? They were allegedly doing egregious activities out in the open. Of course, the answer is that the rules are different for the rich and...

Entrepreneur Brad Mills criticized DeFi for denying users access to decentralized exchanges based on location and wallet content. DeFi is criticized for refusing access to users depending on wallet content Although some argue that restricting users access to decentralized exchanges based on their wallets is a retrograde step, decentralized finance (DeFi) is anticipated to be […] The post...

According to reports, the Financial Action Task Force (FATF) will monitor countries' enforcement of anti-money laundering (AML) laws for cryptocurrency providers on an annual basis. The Financial Action Task Force (FATF) may "grey list" nations that don't follow its anti-money laundering (AML) regulations for cryptocurrencies. Al Jazeera reported on November 7 that sources indicated the […] The post...

The adoption of cryptocurrencies has accelerated in the past 2-3 years. Thanks to big names like Elon Musk, Coinbase has made transacting in cryptocurrencies more than just a passing-by fad. The number of crypto payment gateways has increased tremendously recently, as well as the number of people who have started accepting P2P payments. While growth is happening...

Currently, Western bitcoin adoption is largely dominated by centralized, KYC and AML compliant exchanges.This is an opinion editorial by Robert Hall, a content creator and small business owner.What is the most likely path to hyperbitcoinization? This is a question that has come up in my mind time and time again. Will it be a top-down implementation like we saw in El...

The Financial Action Task Force and its anti-money laundering policies are antithetical to Bitcoin and an attack on human rights everywhere.This is an opinion editorial by Stephan Livera, host of the "Stephan Livera Podcast" and managing director of Swan Bitcoin International.Financial surveillance is all around us. Every time you want to sign up with a bank, you have to show identifying...

The Bitcoin Policy Institute’s report on CBDCs makes a strong case for why the US should reject a centrally issued version of the dollar. Bitcoinist covered that already. This time, we’ll focus on the reasons why The Bitcoin Policy Institute thinks CBDCs don’t make sense and are not practical for capitalist societies. The main argument is that a CBDC would obsolete banks,...

According to this banking insider, the governments have it all wrong. Bitcoin is one of the least private assets out there, and they should change policies for the pendulum to swing the other way. In the banking insider’s opinion, instead of protecting them, the governments have been harming their citizens with the current draconian measures. That sounds convenient for bitcoiners, sure, but this...

After three years of operations suspension, the ePayments service is permanently ceasing operations due to its inability to adequately meet FCA regulations. The provider of electronic payments, ePayments, is closing down all of its activities. On Tuesday, ePayments sent email notifications to customers announcing that, according to local laws, it is formally ceasing operations. One […] The post...

If your transaction on Changelly has been put on hold, that means we have to ask you to pass KYC/AML. In this article, we will take a look at every step you need to take to check it off your list and get back to buying and exchanging crypto. If you have any further questions, please do not hesitate to contact our security...

This story is wild. The list of seized assets is wilder. In the District of New Hampshire, the police arrested a few people that were exchanging cryptocurrencies with no regard for any regulation or AML and KYC procedures. Apparently, “between May 25, 2016, and March 15, 2021, the defendants exchanged more than $10,000,000 in cryptocurrency for customers throughout the United States.” That’s according...

Looking for No KYC exchanges? No KYC Exchanges with the Withdrawal limitNon- KYC exchangesDescriptionNo KYC Withdrawal LimitBybit...

YouHodler, a fintech platform focused on crypto-backed lending with fiat and stablecoin loans, says it has completed the integration of Sumsub, a identity verification and anti-fraud solution, into...

The dawn of the metaverse raises new questions about user protection and data- driven advertising. This new world is hinging on immersive technology that could allow companies to collect new kinds of personal information and even biometric data. In a worst-case scenario, Web3 and the metaverse could be just as bad for user data security as are the...