How the World’s Leading Banks Help Launder $2 Trillion a Year

Some of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8...

Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations

On Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements....

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...

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.

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...

Taiwan Passes Law to Crack Down on Anonymous Crypto Transactions

The Taiwanese government has amended its laws that regulate cryptocurrency transactions. The revisions reportedly give the country’s Financial Supervisory Commission “the authority to crack down on...

Lithuania to Adopt Crypto Regulations Even Stricter Than the EU’s

Lithuania, one of the Baltic tigers that has in past few years demonstrated it doesn’t shy away from new technologies and the digital economy,...

Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels

The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted...

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.

Following the Crypto-Anarchist Dream: 3 Reasons to Reject KYC and AML

Last year, crypto KYC and AML requirements came bursting onto the scene with thunderous applause and approbation. Many traders felt like the ICO sector...

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