Tag: aml

FinCEN has finally extended the period for...

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

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...

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

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. ...

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...

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

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...

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...