Tag: aml

Mar 14 2023

[Updated] How to Pass KYC/AML on Changelly: a Step-by-Step Guide

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...

Mar 09 2023

India enforces anti-money laundering laws on crypto transactions

Mar 09 2023 Published at Coinscreed under tags  aml india news regulations

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...

Mar 08 2023

India To Include Money Laundering Provisions On Crypto Sector

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...

Jan 26 2023

What Does the Future Hold for Crypto KYC?

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...

Jan 18 2023

Should NFT Marketplaces Become Centralized?

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...

Jan 16 2023

Can NFT Marketplaces Be AML Compliant?

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...

Nov 19 2022

Is Silvergate In Trouble? Why Didn’t KYC And AML Prevent The FTX Fiasco?

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...

Nov 08 2022

DeFi Criticized For Restricting User Access

Nov 08 2022 Published at Coinscreed under tags  aml dapp defi defi news

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...

Countries neglecting crypto AML requirements risk FATF ‘grey list’

Nov 08 2022 Published at Coinscreed under tags  aml fatf grey list news

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...

Nov 03 2022

2 Best Crypto Wallet Checker To Avoid Dirty & Sanctioned Crypto Money

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...

Oct 15 2022

Unless Something Changes, Bitcoin Adoption In The West Will Be KYC’d

Oct 15 2022 Published at Bitcoin Magazine under tags  adoption aml culture kyc opinion

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...

Oct 11 2022

Bitcoiners Must Fight The FATF And Its AML Regime

Oct 11 2022 Published at Bitcoin Magazine under tags  aml culture fatf opinion regulation

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...

Sep 30 2022

The Case Against CBDCs In A Capitalist Society: Banks Won’t Be Happy

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,...

Sep 22 2022

Banking Insider To Governments: You Should Want Bitcoin To Be Way More Private

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...

Sep 13 2022

Strict FCA AML regulations make ePayments shut down

Sep 13 2022 Published at Coinscreed under tags  aml epayments fca news

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...

Sep 02 2022

How to Pass KYC/AML on Changelly: a Step-by-Step Guide

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...

Apr 28 2022

Illegal Crypto Exchange Busted. The List Of Seized Assets Is Incredible

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...

Apr 04 2022

7 No KYC Crypto Exchanges With Daily Withdrawal Limits (2022)

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

Mar 31 2022

YouHodler Onboards Sumsub to Fight Identity Fraud in Crypto Industry

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...

How decentralized identities can save us from surveillance capitalism in Web3

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...

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