AML

Regulation

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.

Policy & regulation  ·  19 April 2019
Exchanges

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.

Policy & regulation  ·  11 April 2019
Exchanges

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.

Policy & regulation  ·  27 March 2019
Regulation

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.

Policy & regulation  ·  26 March 2019
Chainalysis

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.

Business  ·  12 February 2019
Regulation

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.

Markets  ·  11 December 2018
Exchanges

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.

Policy & regulation  ·  10 November 2018
Exchanges

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.

Policy & regulation  ·  5 November 2018
Exchanges

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.

Policy & regulation  ·  17 October 2018
Regulation

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.

Policy & regulation  ·  6 September 2018
Regulation

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.

Policy & regulation  ·  16 August 2018
Exchanges

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?

Business  ·  27 July 2018
Exchanges

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.

Policy & regulation  ·  27 June 2018
Privacy

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.

Markets  ·  26 June 2018
Regulation

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.

Policy & regulation  ·  20 April 2018