Binance has partnered with blockchain analytics startup Elliptic to combat money laundering as it continues to expand.
In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws
U.S. regulator FinCEN has for the first time penalized a cryptocurrency trader for breaking anti-money laundering rules.
Binance Partners With CipherTrace in Latest Compliance Push
Binance is partnering with the blockchain analytics firm CipherTrace to beef up its anti-money laundering procedures.
Most Crypto Exchanges Still Don’t Have Clear KYC Policies: Report
Regtech startup Coinfirm has found that only 26 percent of crypto exchanges have a “high” level of anti-money laundering procedures.
Binance Tightens Compliance, Turning to IdentityMind for KYC
Binance is moving to boost compliance and data security through a new partnership with Medici Ventures portfolio firm IdentityMind.
Blockchain Sleuthing Startup Chainalysis Raises $30 Million
The Series B funding was led by seasoned VC firm Accel and included investment from Benchmark, which led the firm’s $16m Series A.
UK Crypto Exchanges Pose Low Money Laundering Risk, Says Global Watchdog
Crypto exchanges in the U.K. pose a “low” risk for money laundering and terrorist financing, says a report from the Financial Action Task Force.
Crypto Exchanges Should Take a Hard Look at IP Address-Masking Services
Cryptocurrency exchanges will likely have to reckon with VPN access as part of any regulatory or law enforcement actions for market manipulation.
Deltec Chairman Says Tether Letter on Bank Relationship Is ‘Authentic’
Last week’s much-scrutinized letter, in which a Bahamas-based bank appeared to vouch for Tether’s balance, has been confirmed as genuine by the bank.
Crypto Exchange Binance Adds Compliance Tools from Chainalysis
Binance, the biggest cryptocurrency exchange by trading volume, is rolling out new software to aid detection of potentially illicit transactions.
How to Make Public Blockchains Safe for Enterprise Use
In order to make public networks secure enough for enterprise use, two key things must happen, says EY’s Paul Brody.
There’s a Huge Opportunity for Everyone in Crypto, It’s Called KYC/AML
If our goal is mass adoption, blockchain and crypto firms should work closely with regulators and come up with new ways to solve big thorny problems.
There’s a Bigger Scam Than Anything in Crypto, It’s Called KYC/AML
Anti-money-laundering and know-your-customer practices have cost many billions more than all ICO scams put together – yet, what they have produced?
Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts
Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.
Privacy Is Vital to Crypto – And the Global Economy
Privacy is needed to enhance the “moneyness” of cryptocurrency. As it is, our entire global system of money has also seen its fungibility deteriorate.
Taiwan Eyes November Deadline for Bitcoin AML Regulation
Taiwan will formally regulate bitcoin under anti-money laundering rules by the end of the year, says its minister of justice.
Taiwan Central Bank Proposes Money Laundering Rules for Bitcoin
The Central Bank of Taiwan is eyeing new rules that would bring bitcoin under the island’s existing anti-money laundering regulations.
A G20 Crypto Policy? Let’s Hope It’s a Pipe Dream
The world’s economic leaders are seeking a globally coordinated policy on cryptocurrencies. This could take a while. But that may be just as well.
Korean Regulators to Probe Banks’ AML Measures for Crypto Exchanges
Two South Korean regulators are reportedly launching an investigation of banks’ implementation of anti-money laundering procedures for exchanges.
Thailand’s Cabinet Moves to Regulate and Tax Cryptocurrencies
The Thai Cabinet has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states.