Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year
According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace...
Chainalysis Develops Robust Crypto Trading Monitoring System for Bitfinex
Blockchain analysis firm Chainalysis has announced the development of a crypto trading monitoring system for cryptocurrency exchange giant Bitfinex. The news comes amid calls...
FinCEN Sees Jump in Crypto-Related Suspicious Activity Reports
Crypto companies have filed 7,100 Suspicious Activity Reports since May, America’s anti-money-laundering chief said at a banking conference Tuesday.
New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims...
CipherTrace: As Crypto Exchanges Struggle with KYC, “Travel Rule” Specter Grows
The Wild West days of the cryptoeconomy are over if the G20 group’s Financial Action Task Force (FATF) has anything to say about it.
However,...
Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’
Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom...
How to Trade Crypto in Person Safely
With mainstream exchanges becoming progressively cumbersome due to privacy invasive policy and regulation, some crypto traders are switching to more private, face-to-face trading. While...
NIXT – Nexinter Launches Exchange Offering Using SLP
Today, NextHash and Bitcoin.com have entered a technical partnership to design and structure the NIXT utility token.
NIXT token is being listed in its fully...
Traders Bemoan New Localbitcoins Identity Requirements
Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins...
US House Passes Bill for FinCEN to Study Blockchain Use
The House of Representatives passed legislation calling for FinCEN to study its use of “innovative technologies” — including blockchain.
