Tag: aml

  • Thailand
    Crypto

    Thailand Readies First ICO Portal, Junta Wants More Control

    Mixed messages are still coming from Thailand with regard to the cryptocurrency industry in the Kingdom. This week the Thai Securities and Exchange Commission stated that at least one ICO portal will be certified this month, while the Deputy Prime Minister has called for more control over cryptos....

    Martin Young | November 8, 2018 | 10:30 am
  • FATF
    Blockchain

    Global Money Laundering Watchdog to Establish Crypto-Focused Guidelines by June

    The global entity responsible for setting international money laundering guidelines is finally ready to lay the foundation for its first crypto-specific set of rules by June 2019. FATF Readies Global Crypto Regulation on Money Laundering Paris, France-based money laundering watchdog, Financial Action Task Force (FATF), has seen increasing...

    Tony Spilotro | October 19, 2018 | 9:15 pm
  • Crypto
    Technology

    Cryptocurrency Exchange Hacking Jumped 250% YTD, Says Report

    A report on cryptocurrency theft published by cyber security firm CipherTrace found that hacking of exchanges and trading platforms has jumped 250 percent in the first nine months of 2018 on a year-over-year basis, reaching $927 million. $2.5 Billion Laundered on Top 20 Cryptocurrency Exchanges, Says CipherTrace Report...

    Ricardo Esteves | October 10, 2018 | 10:15 pm
  • Currencies
    Technology

    International AML Task Force to Close “Gaps” Created by Virtual Currencies

    The Financial Action Task Force (FATF), an intergovernmental organization founded in 1989 on the initiative of the G7 to combat anti-money laundering (AML), may be about to agree with a set of standards to apply to virtual currencies. President Marshall Billingslea is optimistic that the discussions scheduled for October...

    Ricardo Esteves | September 19, 2018 | 7:00 pm
  • KYC
    Industry

    Two Thirds of US, EU Crypto Exchanges Fail to Verify Customer Identities

    Analyst P.A.ID Strategies has revealed the results of research into the on-boarding practices of cryptocurrency wallets and exchanges across the U.S. and Europe, research that focused on which of these crypto service providers are using Know Your Customer (KYC) checks when on-boarding customers. These companies might have to change...

    Thomas Delahunty | June 6, 2018 | 6:30 am
  • Indonesia
    Technology

    Cryptocurrencies Are Now Commodities Subjected to Futures Trading in Indonesia

    The Commodity Futures Trading Supervisory Agency (Bappebti) has said that cryptocurrencies are a commodity that can be subject to futures trading. This comes despite a central bank ban on fintech companies using digital currencies and government warnings to investors. Futures Trading Expands to Indonesia As reported by kontan.co.id,...

    tim copeland | June 4, 2018 | 7:30 pm
  • Cryptocurrency
    Industry

    Taiwan’s Government Plans to Implement Cryptocurrency Regulation This Year

    The government of Taiwan, following moves made by neighbors like Japan and South Korea, will roll out new cryptocurrency regulations later this year. Speaking at a conference dedicated to anti-money laundering (AML) on Friday April 20th, Chiu Tai-san, Taiwan’s Minister of Justice, said that the country will develop...

    Thomas Delahunty | April 26, 2018 | 10:00 pm
  • Vancouver
    Industry

    Vancouver Police Push Government to Enforce KYC/AML Laws with Cryptocurrencies

    The Vancouver Police Department (VPD) has warned Canada’s federal government that cryptocurrencies are increasingly being used by organized crime to launder money. The agency advises that checks and balances are necessary to monitor the digital coins, and pushes for the enforcement of amendments to legislation that would require...

    Thomas Delahunty | April 25, 2018 | 9:01 pm

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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