Tag: aml

Jul 29 2021

German Court: No 3rd Party Confiscation for Crypto Exchanges

Dr Philipp Gehrmann and Dr Arne Klaas classify the legal background and effects of active German crypto exchanges.

Jul 22 2021

Jul 20 2021

Jul 13 2021

Just-In: Korean Regulators Extend AML Guidelines for Foreign Crypto Exchanges

Jul 13 2021 Published at Coingape under tags  aml btcbrl btcbusd btcdai btceur

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...

Jun 11 2021

Indian Crypto Exchange WazirX at the Center of an Alleged $38M Money Laundering Investigation

Jun 11 2021 Published at Coingape under tags  aml ed india india crypto news

WazirX, the top crypto India exchange is at the center of a $38 million money- laundering investigation...

May 11 2021

Inside The Caribbean Villas Using Bitcoin To Advance Financial Freedom

May 11 2021 Published at Bitcoin Magazine under tags  aml caribbean culture island one bequia

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...

May 03 2021

In-Person ID Check To Become Mandatory For Bitcoin Exchange Users In Thailand

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...

Mar 22 2021

FATF Recommends Heightened Restrictions On Virtual Assets And Service Providers

Mar 22 2021 Published at Bitcoin Magazine under tags  aml business fatf kyc regulation

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...

Mar 01 2021

What is KYC?

Mar 01 2021 Published at Bitcoin Magazine under tags  101 aml bisq exchanges hodl hodl

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...

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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