AML

New EU Directive Sets Stricter Transparency Rules for Digital Currencies

1 week ago admin2 0
The EU Fifth Anti-Money Laundering Directive came into force yesterday, July 9, Cointelegraph auf Deutsch reports July 10. Measures within the directive will set a new legal framework for European financial watchdogs to regulate digital currencies in order to protect against money laundering and terrorist financing. As the EU Commission wrote in an accompanying press Read More

Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts

4 weeks ago admin2 Comments Off on Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts
The co-founder of Irish Bitcoin (BTC) broker Eircoin accused the Banking and Payments Federation of Ireland (BPFI) of discriminating against crypto-related accounts, The Irish Times reports June 21. Dave Fleming blamed the BPFI for, “seeking to muddy the waters with insinuations of dirty money.” Eircoin, which is reportedly “Ireland’s only Bitcoin broker,” was closed in Read More

LexisNexis Partners With Australian Crypto Exchange Blockbid to Increase Security

1 month ago admin2 Comments Off on LexisNexis Partners With Australian Crypto Exchange Blockbid to Increase Security
Risk management giant LexisNexis has partnered with crypto exchange Blockbid to increase the exchanges security measures Blockbid reports on its Medium account June 4. Blockbid is reportedly one of the first trading platforms to voluntarily observe global anti-money laundering (AML) measures by partnering with LexisNexis and ThreatMetrix security technology firms. Boosting fraud prevention and know Read More

Japan’s Financial Watchdog Sets Out New Requirements For Crypto Exchanges

2 months ago admin2 Comments Off on Japan’s Financial Watchdog Sets Out New Requirements For Crypto Exchanges
Japan’s financial watchdog, the Financial Services Agency (FSA), has laid out yet further regulatory stipulations for domestic crypto exchanges, Cointelegraph Japan reports today, May 6. The regulator is reportedly intensifying its efforts to prevent a repeat of January’s $532 mln hack of crypto exchange Coincheck, the biggest single exchange hack in the history of the Read More

CryptoUK Trade Association Calls On MPs To Regulate Cryptocurrency Sector In UK

3 months ago admin2 Comments Off on CryptoUK Trade Association Calls On MPs To Regulate Cryptocurrency Sector In UK
CryptoUK, a self-regulatory trade association for the UK cryptocurrency industry, addressed several Members of Parliament (MPs) to advocate for favorable regulations in the sector, news outlet City A.M. reported May 1. The association set out its proposals in writing to the Treasury Select Committee’s inquiry into cryptocurrencies today. The inquiry intends to examine the role Read More

Know Your Transaction Is the KYC of Blockchain

3 months ago admin2 Comments Off on Know Your Transaction Is the KYC of Blockchain
Blockchain You’ve heard of KYC – Know Your Customer – and possibly also KYT – Know Your Transaction – but have likely yet to experience it in action. KYC have lately become the norm for crowdsale registration and exchange verification. Now, KYT is on the rise, and it threatens to blacklist bitcoiners whose cryptocurrency is Read More

PR: Waste to Energy Platform 4NEW to Implement Ocular KYC Solution Before Completing Crowdfunding Sale

4 months ago admin2 Comments Off on PR: Waste to Energy Platform 4NEW to Implement Ocular KYC Solution Before Completing Crowdfunding Sale
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. London, England. 4NEW announced today that it will pause the Read More

Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist

4 months ago admin2 Comments Off on Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist
News As the saying goes, don’t keep all your stablecoins in one basket. Over-reliance on tethers could prove costly to an exchange such as Bittrex if U.S. regulators were to crack down on the controversial stablecoin. This week, Bittrex added a second stablecoin in the form Trueusd, in a move seen as a hedge against Read More

Bitcoin Laundering Less Than One Percent of All Transactions

6 months ago admin2 Comments Off on Bitcoin Laundering Less Than One Percent of All Transactions
A recent report from the joint Bitcoin analysis team of FDD and Ellicit, a Bitcoin forensics company, indicates that less than one percent of all Bitcoin transactions involve money laundering. The report, written to help analyze the flow of funds and the danger of money laundering, has indicated that money laundering isn’t nearly the problem Read More

Some UK Mortgage Lenders Refuse to Serve Bitcoin Investors

6 months ago admin2 Comments Off on Some UK Mortgage Lenders Refuse to Serve Bitcoin Investors
Finance British bitcoin investors trying to use their earnings to buy real estate are facing difficulties in securing loans from mortgage lenders. Several building societies refuse to work with them even after they converted the cryptocurrency to fiat and provided a paper trail for its origins. Also Read: Pineapple Will Match up to $4M in Read More