Both parties expect to extend further their respective collaboration by integrating new elements at any time soon.
The new blockchain analysis and transaction monitoring tool will support crypto firms in the detection of financial crime.
El Salvador’s Central Bank opened the door for banks to develop their own wallets. The organization published the "Guidelines for the Authorization and Operation of Digital Wallet Platforms...
As regulators attempt to institute KYC and AML rules at the peril of our personal data, Bitcoin and encryption offer salvation.Our world is filled with atrocious threats, crimes and violence. Human trafficking, child abuse, state- sponsored violence, terrorism and a laundry list of other heinous acts require tools to fight back and ultimately reduce their frequency to as close to zero as possible....
Dr Philipp Gehrmann and Dr Arne Klaas classify the legal background and effects of active German crypto exchanges.
South Korean regulators continue to impose strict regulatory policies around the crypto space. Financial Services Commission (FSC), the top regulatory body in the country is now targeting foreign crypto exchanges using the national Korean Fiat. The chief regulator said any foreign exchange serving Korean customers must register with the country's anti-money laundering body. The comments The post Just-In: Korean Regulators Extend AML Guidelines...
The One Bequia development is bringing Bitcoin to the Caribbean, a place that is grossly underserved by international financial institutions.The Caribbean is a region that underscores the global inequality of access to the international financial system.It’s a place full of unique natural resources, hard-working people and destinations sought by tourists from around the world. But its economies have been...
Thailand is reportedly preparing to mandate in-person, “dip-chip” AML verifications before opening local bitcoin exchange accounts.The government of Thailand will require local cryptocurrency exchanges to verify their customers’ identity in person using a “dip-chip” machine that registers identification cards.The country’s Anti-Money Laundering Office (AMLO) will be instituting in September, according to...
In its updated guidance on virtual assets and virtual asset service providers, the FATF recommends requiring more strict KYC/AML measures.The Financial Action Task Force (FATF) has updated its “Guidance for a risk-based approach to virtual assets...
Know Your Customer (KYC) guidelines are requirements that compel financial services providers to make an effort to identify their customers. Fulfilling KYC requirements often includes gathering personal information about these customers by asking them to submit...
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...
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