Category: AML

  • In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina

    In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina

    In this edition of The Daily we cover an exchange that offers cryptocurrency investors access to tokenized ETFs based on major indices, a response from Chainalysis to the recent outcry against blockchain surveillance services abusing customer data, and a program to support startups by Binance Labs in Argentina. Also Read: Israel Securities Authority Wants a…

  • Coinbase Severs Ties With Hacking Team Members While Data-Sharing Backlash Intensifies

    Coinbase Severs Ties With Hacking Team Members While Data-Sharing Backlash Intensifies

    Coinbase has been trending on crypto Twitter all week, but for all the wrong reasons. The #DeleteCoinbase hashtag has circulated on account of the dubious practices of Neutrino, the blockchain surveillance team it acquired. Now, the California-based exchange has bowed to public pressure and severed ties with key members of the Neutrino team. Also read:…

  • Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize

    Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize

    On Feb. 27, Boston-based cryptocurrency finance firm Circle announced a partnership with Nice Actimize financial crime detection and prevention technologies unit. Circle follows other large cryptocurrency exchanges that have opted to add a compliance and surveillance solution. Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months Goldman Sachs-Backed Crypto Exchange…

  • In the Daily: Huobi AML Measures, New OTC Desk, Bank Card Deposits

    In the Daily: Huobi AML Measures, New OTC Desk, Bank Card Deposits

    In The Daily this Monday, we feature several developments cryptocurrency traders may want to know more about. The Korean subsidiary of global digital asset exchange Huobi is enhancing its anti-money laundering measures and a new over-the-counter trading desk will offer services to crypto investors. Also, Liquid and Simplex are now working together to provide customers…

  • How Crypto Compliance Requests Strip User Privacy

    How Crypto Compliance Requests Strip User Privacy

    Money transmitting services that enable users to switch from crypto to fiat are a valuable resource. There’s still a shortage of cryptocurrency off-ramps, and thus reliable services that offer a reasonable exchange rate are to be cherished. But the convenience that crypto debit cards and other crypto-fiat exchanging services offer comes at a high price…

  • In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud

    In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud

    In this edition of The Daily we cover a number of cryptocurrency-related business collaborations from around the world. These include Sirin Labs and Simplex, Middle East-focused crypto exchange Cbx, and Heliocor, IPC and ICE Data Services. Additionally covered is an update from the FBI which is conducting an investigation into Bitconnect. Also Read: Coinflex Launches…

  • Localbitcoins to Introduce New User Verification Rules

    Localbitcoins to Introduce New User Verification Rules

    Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules. Also read: 3 Technical Proposals for Increasing Bitcoin’s Privacy P2P Exchange Localbitcoins Advising Finnish Regulators In a…

  • These Exchanges Allow You to Purchase Cryptocurrency Without Knowing You

    These Exchanges Allow You to Purchase Cryptocurrency Without Knowing You

    Platforms providing traders with the opportunity to exchange cryptocurrencies have increasingly started to apply registration requirements. In many cases, these are justified on the basis of newly introduced KYC and AML regulations. Thankfully, there are still exchanges that allow users to swap digital coins without requiring a verified account. Also read: Coinsquare Lays off 40…

  • The Wrapped Bitcoin Project Has Officially Launched on Ethereum

    The Wrapped Bitcoin Project Has Officially Launched on Ethereum

    On Jan. 30, a group of cryptocurrency developers and organizations officially launched a project called Wrapped Bitcoin (WBTC) on the Ethereum network. The ERC20 token is a coin backed by bitcoin core (BTC) reserves and has started trading on several exchange platforms. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings The Introduction of…

  • The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto Regulation

    The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto Regulation

    In this edition of The Daily, Iran is reportedly preparing to announce its national cryptocurrency during a conference starting on Jan. 29. Also, a draft decree introducing legal definitions for terms related to cryptocurrencies has been introduced in the Italian Senate and the IMF has voiced concerns over Malta’s blockchain industry while recognizing the positive…