2019-7-26 22:00 |
Japanese blockchain company BUIDL has launched SHIEDL, an anti-money laundering (AML) and counter financing of terrorism (CFT) tool for cryptocurrency exchanges. origin »
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The Treasury Secretary of the United States of America, Steve Mnuchin, told CNBC in an exclusive interview that G7 financial heads were not comfortable with Libra and expressed their doubts over the ability of the payment consortium to adhere to anti-money laundering (AML) and money transmission regulations.
2019-7-21 23:00 | |
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Japan’s government is working on the creation of a new international network for payments based on cryptocurrencies in order to fight money laundering inside the region, according to an article posted July 18, 2019 by Reuters.
2019-7-19 11:05 | |
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Spanish law enforcement says Bitcoin ATMs enable criminals to circumvent anti-money laundering (AML) regulations according to a report by Bloomberg. This statement comes following calls from officials in Canada for crypto cash machines to be banned over money-laundering concerns.
2019-7-13 01:00 | |
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Facebook has taken center stage yet again. A month after the announcement of Libra, Facebook’s “GlobalCoin” is trending yet again. With the Federal Reserve Chair Jerome Powell raising concerns about Libra with respect to money laundering, privacy, and financial stability, and even the United States President himself calling for Facebook to “seek a new Banking […] The post People have got it all wrong, Libra IS NOT a centralized ‘FB Coin,’ says Facebook’s Blockchain Lead appeared first on AMBCrypto.
2019-7-12 17:00 | |
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The United States Federal Reserve Chairman, Jerome Powell, has joined the growing list of authorities calling for the head of Mark Zuckerberg and Project Libra. Powell says Libra’s global cryptocurrency poses serious concerns regarding money laundering, privacy, and a host of others reports CNBC on July 10, 2019.
2019-7-11 17:00 | |
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CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceThe Bitfury Group a full-service blockchain technology company, has announced a collaboration with Massachusetts, U. S. -based The Provident Bank to use its Crystal blockchain analytics platform for new digital asset compliance, including anti-money laundering services.
2019-7-11 19:44 | |
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Despite favorable regulation, Bank of Japan Deputy Governor Masayoshi Amamiya stated that digital currencies operators must comply with regulations on money laundering and risk management. The announcement was made in reference to the launch of Libra, the new global cryptocurrency from Facebook.
2019-7-6 19:00 | |
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In a bid to make it harder for drug traffickers, fraudsters, and other bad actors to launder money both in the form of cryptocurrency and fiat, the Netherlands’ Minister of Finance, Wopke Hoekstra, and Minister of Justice, Joseph Grapperhaus, have submitted new anti-money laundering (AML) proposals to the nation’s Lower House of Parliament, according toRead MoreRead More.
2019-7-2 19:00 | |
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Contrary to the prevailing narrative, the incoming Financial Action Task Force (FATF) anti-money laundering (AML) guidelines for cryptocurrencies might not be overly negative for the industry. However, there are still a few vague aspects of the FATF’s document that might require a little extra clarifying before it publishes its interpretive note later in 2019.
2019-6-24 09:00 | |
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According to a report published by Reuters on June 21, 2019, France is set to form a G7 cryptocurrency task force to explore how global central banks can regulate cryptocurrencies like Facebook’s Libra without the risk of it being used for money laundering and other illicit activities.
2019-6-22 23:00 | |
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The U. S department of Justice is looking to extradite Swedish citizen for money laundering, wire fraud and securities fraud through a crypto scam amounting to $11 million USD. The blockchain world has long been troubled by the scams, thefts and hacks prevalent on the users’ private keys.
2019-6-20 17:25 | |
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According to a report by Finance Feeds published on June 18, 2019, the U. S. Commodity Futures Trading Commission (CFTC) has filed a complaint against a U. K. -based firm named Control-Finance Ltd. and its sole Director Benjamin Reynolds.
2019-6-19 09:00 | |
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According to the nonprofit research and advocacy center called Coin Center, the proposed anti-money laundering (AML) and counter-terrorism financing (CTF) regulations violate users’ privacy rights. Coin Center has urged Her Majesty’s Treasury not to implement these regulations.
2019-6-11 02:50 | |
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Malta, one of the most friendly jurisdictions for Bitcoin (BTC), cryptocurrencies and blockchain technology, is currently being questioned by the European Union (EU) for its friendly KYC and AML policies it has.
2019-6-6 23:09 | |
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According to a report by The Next Web, published on June 5, 2019, the mayor of Vancouver, Canada, has suggested putting a complete ban on bitcoin (BTC) ATMs in the city. Bitcoin ATMs Serve as Money Laundering Vehicles Although an increasing number of countries around the world are steadily warming up to cryptocurrencies, its criticsRead MoreRead More.
2019-6-6 21:00 | |
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By CCN: According to self-declared Bitcoin creator Craig Wright, everyone who runs a Lightning node, uses privacy-centric cryptocurrency Monero, or uses mixing services like CashShuffle will be guilty of money laundering and eventually suffer the brutal legal consequences.
2019-6-5 19:15 | |
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U.S.-based blockchain intelligence firm Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via cryptocurrency exchanges
2019-6-1 10:25 | |
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According to a press release issued May 29, 2019, Japanese e-commerce giant Rakuten Group’s subsidiary, Rakuten Wallet, entered into a partnership with blockchain security firm CipherTrace to bolster its upcoming cryptocurrency exchange’s anti-money laundering (AML) measures.
2019-5-30 13:28 | |
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CryptoNinjas Blockchain security company CipherTrace and Rakuten Wallet — a subsidiary of Rakuten Group, a global company that operates one of the largest e-commerce sites in Japan, today announced a partnership to assure anti-money laundering (AML) compliance for the company’s anticipated cryptocurrency exchange.
2019-5-30 17:46 | |
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The Dutch Financial Intelligence and Investigation Service (FIOD) has shut down cryptomixing site Bestmixer. io. According to local media, Dutch authorities moved to shut down the site on May 22, 2019, as part of a joint operation with police agencies from several European nations, including France, Latvia and Luxembourg.
2019-5-22 21:13 | |
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Cryptocurrency exchange Bittrex on May 21, 2019, announced that it had partnered with blockchain security solutions firm IdentityMind to bolster its anti-money laundering (AML) measures. Tightening Security Measures The Financial Action Task Force’s (FATF) persistence to establish strict crypto regulations across the globe has weighed down on exchange platforms who have, to date, been followingRead MoreRead More.
2019-5-22 20:00 | |
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The central bank of Laos has warned commercial banks, financial institutions, and investors not to buy, sell or use cryptocurrencies, reports local media outlet Vientiane Times, May 21, 2019. Laos Does Not Want Cryptocurrencies Laos’ central bank, the Bank of the Lao People’s Democratic Republic (PDR), has cautioned financial market players against digital currency transactionsRead MoreRead More.
2019-5-22 18:00 | |
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It looks as if cryptocurrency service providers will have to adopt stricter know-your-customer (KYC) policies all across the world — and not everyone is happy about that.
2019-5-13 21:33 | |
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Europol has announced the arrest of eight individuals in Spain who allegedly have ties to a criminal organization that is involved in cryptocurrency laundering services, May 08, 2019 $10 Million Credit Received in Cold and Hot Wallets It seems as though the more the regulatory authorities are trying to bind the crypto industry within strictRead MoreRead More.
2019-5-10 20:00 | |
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Malta’s Registry of Companies will be recorded on a blockchain-based system. The International Monetary Fund (IMF) suggests that blockchain tech creates unnecessary risks in money laundering and terrorism financing.
2019-5-9 02:44 | |
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A new report by blockchain intelligence firm CipherTrace provides insights into the state of the global crypto asset sector. The Q1 2019 Cryptocurrency Anti-Money Laundering Report makes the case for increased regulatory oversight as the industry matures.
2019-5-9 22:00 | |
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As part of its efforts to be regulatory compliant, Malta-based crypto exchange Binance has partnered with Blockchain startup Elliptic. According to a Coindesk report, the partnership will help Binance mitigate anti-money laundering (AML) concerns as it expands into new regions.
2019-5-3 19:27 | |
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Binance has partnered with blockchain monitoring solutions provider Elliptic to boost its regulatory compliance as part of its international expansion
2019-5-3 17:07 | |
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Binance has partnered with blockchain analytics startup Elliptic to combat money laundering as it continues to expand.
2019-5-2 15:31 | |
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Japan’s Financial Services Agency (FSA) recently investigated two cryptocurrency exchanges which made significant changes in its management as reported by Reuters. The regulatory watchdog was on the lookout for the modalities put in place by these platforms to prevent money laundering and to protect customer funds.
2019-4-24 22:00 | |
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Malta-based cryptocurrency exchange Binance announced that they have partnered with blockchain security firm CipherTrace to bolster their anti-money laundering (AML) measures. This according to a Binance Blog post on April 11, 2019.
2019-4-12 11:45 | |
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CryptoNinjas Blockchain security company CipherTrace and Binance, the largest cryptocurrency exchange by trading volume and users, today announced their partnership to enhance the exchange’s robust anti-money laundering (AML) compliance program.
2019-4-12 19:55 | |
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The QuadrigaCX plot only seems to thicken as new evidence suggests that their late CEO had been involved in a money laundering scheme, reported on April 9, 2019. Suspicious Activity In April 2019, some legal resolution seems to have been reached in the QuadrigaCX situation as the firm has been officially declared bankrupt.
2019-4-11 19:00 | |
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Binance is partnering with the blockchain analytics firm CipherTrace to beef up its anti-money laundering procedures.
2019-4-12 18:00 | |
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Binance announced a partnership with CipherTrace, a blockchain security company, with the aim of enhancing the exchange’s anti-money laundering (AML) compliance program. World’s Largest Crypto Exchange Aims to Improve Its AML Compliance CipherTrace, a blockchain security company, is teaming up with Binance in order to help the exchange enhance its regulatory compliance.
2019-4-11 16:00 | |
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A Danish man has been sentenced to jail for laundering over half a million dollars through bitcoin, as reported on April 8, 2019. Caught in the Act When it was announced that the G-20 member nations would be meeting in June 2019 to discuss crypto policy, the main item on the agenda was to combatRead MoreRead More.
2019-4-10 19:00 | |
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G-20 nations are set to decide on new measures on crypto anti-money laundering (AML) and counter-terrorism as it was reported on April 4, 2019, that they will meet in June to discuss this. Soon to Meet One of the things that have helped propel cryptocurrency to greater heights is the creation of favorable regulations byRead MoreRead More.
2019-4-9 09:00 | |
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One of the biggest concerns for crypto opponents is the way that money laundering is proving to be a use case for cryptocurrency. However, the silver lining of this problem is that the blockchain allows investigators to follow along with certain transactions with enough skill. While one Danish man thought he could get away with […]
2019-4-9 01:32 | |
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Binance has partnered with Medici Ventures’ portfolio company IdentityMind, a risk management and regulatory-technology compliance platform, in a bid to enhance its fraud protection and compliance protocols.
2019-3-28 18:08 | |
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On March 25, 2019, international peer-to-peer (P2P) cryptocurrency exchange platform LocalBitcoins announced through a blog post that it would soon come under the purview of the anti-money laundering (AML) law supervised by the Financial Supervisory Authority (FSA) of Finland.
2019-3-26 18:00 | |
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Months after The Wall Street Journal accused them of laundering money through their exchange; Shapeshift has hit back with a March 20, 2019 report from CipherBlade. Double Take In July 2018, The Wall Street Journal published a report in which they accused crypto exchange Shapeshift of helping hackers in laundering stolen funds to the tuneRead MoreRead More.
2019-3-22 21:11 | |
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Blockchain investigation and cybersecurity firm CipherBlade has done its own research, the results of which seem to exonerate crypto exchange ShapeShift from a scathing report in The Wall Street Journal.
2019-3-22 20:20 | |
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The Swiss Federal Assembly, which handles government legislation, approved on March 20th a motion directing the Federal Council to regulate cryptocurrencies. Switzerland has long been recognized as a leading hub of blockchain and cryptocurrency technology, with the Swiss town of Zug internationally referred to as “Crypto Valley.
2019-3-21 15:52 | |
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Blockchain analytics firms say money laundering accusations against ShapeShift don't match up.
2019-3-21 01:00 | |
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Crime isn’t supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering.
2019-3-20 16:49 | |
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CipherTrace, a blockchain analytics company, is partnering with the Republic of Malta’s sole financial regulatory agency to ensure that all crypto transactions within the country are free of money laundering and other similar financial crimes.
2019-3-14 00:14 | |
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It’s Monday, which means it’s time for a roundup of the weekend’s cryptocurrency and blockchain news. Here’s Moonday Mornings. 1. Japan’s Financial Services Agency is reporting a 36 percent drop in the number of cryptocurrency related inquiries in the fourth quarter of 2018 compared to the previous quarter, Brave New Coin reports.
2019-3-4 12:49 | |
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QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.
2019-2-26 22:21 | |
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Bitcoin exchange giant Coinbase has acquired Chainalysis competitor Neutrino in an effort to enhance its compliance efforts and regulatory relationships. Neutrino uses blockchain analytics to identify potential money laundering or other illegal transactions on the blockchain.
2019-2-20 00:55 | |
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Gennaro D'Urso is the founder of Pharma Collective and Israel Mersky is the Director at Pharma Collective. Gennaro has a background in science and entrepreneurship, while Israel comes from the advertising industry and has experience in the pharmaceutical psychedelic space.
Jasper De Gooyer is the co-founder and CTO at SEDA, a multichain, permissionless protocol connecting real-world data to any network on-chain.
Bitget, top global cryptocurrency exchange and Web3 company, is responding to trader demand and is to list SKALE (SKL). The SKALE Network is designed to enhance the scalability and efficiency of Ethereum-compatible applications.
VALR, Africa's largest cryptocurrency exchange by trading volume, has launched perpetual futures trading, featuring the world's first Bitcoin and USDT perpetual futures paired against the South African Rand.
Controversial crypto exchange Binance has appointed Richard Teng as its new CEO. The appointment follows the resignation of former CEO Changpeng “CZ” Zhao who pleaded guilty to charges levied against him by the U.S. Department of Justice.
Binance founder Changpeng “CZ” Zhao will reportedly step down as CEO of the world's largest cryptocurrency exchange as part of a $4.3 billion settlement with the United States Department of Justice (DOJ).
Since its 2009 inception, Bitcoin has heralded a shift from traditional to decentralized finance (DeFi), signaling the future of financial markets. Today, the crypto landscape extends beyond Bitcoin, with multiple projects contributing to a dynamic ecosystem of financial innovation.