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FATF AML Regulation: Can the Crypto Industry Adapt to the Travel Rule?

Analysis Regulators are clamping down on cryptocurrency, and companies around the world are feeling the strain. In late June, one of the most authoritative regulatory organizations worldwide, the Financial Action Task Force (FATF), issued new guidelines on how digital assets should be regulated. ..

Hong Kong’s SFC Releases Regulations for Crypto Fund Managers

News Hong Kong's securities regulator, the Securities and Futures Commission (SFC), has officially released regulations for crypto fund managers. The SFC published the regulatory circular on its website on Oct. 4. In the 37-page document titled “Proforma Terms and Conditions for Licensed Corp..

Chainalysis Adds ERC-20 Tokens to Its On-Demand Compliance Service

News Blockchain analytics firm Chainalysis has announced the launch of its on-demand compliance and investigations software for several Ethereum (ETH)-based ERC-20 tokens. The company announced in a press release published on Oct. 3 that its Know Your Transaction (KYT) tool now supports tokens suc..

Binance Integrates Coinfirm’s AML Platform to Comply With FATF Rules

News Major cryptocurrency exchange Binance has partnered with crypto analytics startup Coinfirm to improve its anti-money laundering (AML) compliance. New platform for FATF complianceThe integration of Coinfirm’s blockchain-agnostic AML Platform will purportedly streamline Binance’s compliance wit..

Attorneys Seek Bank of Ireland Execs’ Testimony Against OneCoin Scammer

News Executives at the Bank of Ireland (BOI) could join a trial in the case against Mark Scott, who allegedly helped launder nearly $400 million via cryptocurrency scam scheme OneCoin. Four BOI witnesses to testify remotelyOn Sept. 29, the government of the United States submitted a court motion s..

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’

News Having trumped up the risks of unregulated cryptocurrencies earlier this year, Dutch bank ABN Amro NV finds itself in the midst of a major money-laundering scandal. On Sept. 26, Bloomberg reported on news of a criminal probe into the bank’s alleged failures to report suspicious transactions a..

Libra Must Comply with Anti-Money Laundering Standards: US Treasury

News Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering (AML) and terrorism financing standards, according to United States Treasury Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker. Major business news outlet Reuters reported Mandelker’s remarks on Sept..

Bitcoin Exchange PrimeXBT Partners With Bitfury to Ensure Compliance

News Bitcoin (BTC) exchange PrimeXBT announced that it partnered with blockchain development firm Bitfury in order to ensure regulatory compliance. According to a press release published on Sept. 9, PrimeXBT will be using Bitfury’s blockchain analytics and cryptocurrency compliance software Crysta..

UN Official: Cryptocurrency Makes Criminals Harder to Catch

News Neil Wals, chief of the United Nations Office on Drugs and Crime Global Cybercrime Program, warned that cryptocurrencies have made combating money laundering significantly harder. Australian news outlet ABC reported on Aug. 29 that Wals said cryptocurrencies make fighting cybercrime, money la..

Why Regulation Is the Best Thing for Crypto

Opinion When we hear about holders of crypto being tracked down by the Internal Revenue Service, or that imprisonment is being considered for anyone using crypto in India, it conjures up a disconcerting image of what regulation might entail. It’s part of crypto’s DNA to be unregulated, some might..

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