CipherTrace is teaming with Shyft on a blockchain solution to help crypto firms meet tough new standards from the Financial Action Task Force.
Chainalysis Hires FinCEN Vet to Tackle Crypto’s New ‘Travel Rule’ Challenge
Chainalysis has hired a FinCEN official to help crypto firms comply with tough new FATF data-sharing requirements.
All Global Crypto Exchanges Must Now Share Customer Data, FATF Rules
The Financial Action Task Force has officially ruled that crypto firms worldwide must share client data with each other.
It’s FATF’s Way or the Highway for Crypto Exchanges. That’s a Big Mistake
The crypto industry can fight money launderers effectively, but not the way FATF wants it to, a CEX.IO compliance officer writes.
Crypto Exchange Binance to Block US Customers from Trading
Binance will bar deposits and trading by users in certain jurisdictions and those found to violate the exchange’s terms of use.
Binance’s Compliance Drive Continues With New Elliptic Partnership
Binance has partnered with blockchain analytics startup Elliptic to combat money laundering as it continues to expand.
‘Onerous’ FATF Recommendations Harmful for Crypto Transparency: Chainalysis
The international watchdog’s draft recommendation for KYC compliance are unrealistic and may be harmful to the crypto industry, says Chainalysis.
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.
PayPal Makes Its First-Ever Investment in a Blockchain Startup
Online payments giant PayPal has taken a stake in Cambridge Blockchain – its first investment in the blockchain space.
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.
Ex-NATO Chief, Danish PM Now Advises Blockchain Firm Concordium
A former prime minister of Denmark and secretary-general of NATO has joined blockchain identity startup Concordium as a strategic advisor.
Coinbase’s Director of Data Science and Risk Leaves to ‘Build From Scratch’
Soups Ranjan, who worked at Coinbase since 2015 as director of data analysis and fraud prevention, has left the crypto exchange to start something new.
Former NASDAQ Exec Joins Blockchain Startup Concordium
Hans-Ole Jochumsen, who retired the last fall as Vice Chairman of NASDAQ Europe, has joined the advisory board of Concordium Foundation, the non-profit developing the Concordium Network blockchain.
Blockchain ‘Radically Simplifies’ KYC, Say UAE Trial Participants
An Abu Dhabi financial center and KPMG say they have successfully completed a trial of a blockchain-based know-your-customer application.
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.
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.
Regulators Are Landing Punches, But There’s a Long Crypto Fight Ahead
From ShapeShift’s capitulation to KYC to the New York Attorney General’s critical look at exchanges, officialdom is striking heavy blows. Stay tuned.
Crypto Exchange ShapeShift’s CEO Says Move to Collect IDs Was ‘Proactive’
Cryptocurrency exchange ShapeShift’s decision to require user ID wasn’t forced upon it but a preemptive step to reduce legal risks, its CEO said.
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.