Tag: kyc

  • 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
  • shapeshift
    Crypto

    Lawyer: ShapeShift’s Membership Move Follows “Threats” From Regulators

    News came yesterday that the Bitcoin exchange ShapeShift are introducing a new membership initiative — implying that users will have to provide more personal data in order to use the platform’s services. ShapeShift Announces Membership Program According to the company’s Tweet, which also contained a link to a...

    Thomas Delahunty | September 6, 2018 | 7:45 am
  • Crypto

    Crypto Exchange Cobinhood Launch Fiat Trading with US Dollar

    Crypto exchange Cobinhood has announced today it is supporting fiat trading starting with the U.S. dollar from July 20. The exchange, known for its zero-fee trading, is endorsed by U.S. football player Richard Sherman. Cobinhood to Start Fiat Trading Cobinhood has begun a move into crypto to fiat...

    tim copeland | July 12, 2018 | 8:06 pm
  • Security
    Crypto

    Blockchain Real Estate Platform: ‘Security Token Would Kill Our Business’

    Industry experts and lawyers discussed whether companies should issue security tokens in a panel debate at real estate-focused event BitcoinCRE on June 14. Part of London Tech Week, the event looked at regulations across the world and happened hours before Ether was declared ‘not a security‘ by the SEC....

    tim copeland | June 15, 2018 | 1:00 am
  • 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
    Crypto

    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
  • Ransom
    Crypto

    Hackers Demand $1 Million Ransom in XRP for Stolen Bank Data

    Hackers have demanded a $1 million ransom to be paid in Ripple (XRP) for stolen personal data of 90,000 Canadians. They exploited the systems of two Canadian banks and threatened to release the user information unless their demands were met. Hackers Exploit Bank Weaknesses The hack was revealed...

    tim copeland | May 30, 2018 | 6:00 pm
  • Bank
    Bitcoin

    Argentinian Bank to Use Bitcoin for Cross-Border Transactions

    BMV bank has revealed a partnership with Bitex to allow customers to make cross-border payments in Bitcoin. They aim to utilise Bitcoin as a low-fee cryptocurrency which can be transferred across borders and easily exchanged for fiat currencies. Bank Moves from SWIFT to Bitcoin BMV said in a...

    tim copeland | May 22, 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

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