Author: Joe Ciccolo

By providing custodian services to consumers, traditional banks have officially entered the cryptocurrency market in a move with far-reaching implications. By now you've likely heard a rumble or two about a recent interpretive letter from regulators that allows banks to become custodians of cryptocurrency. For some,...

The Social Security Administration will never call an individual to demand payment in cryptocurrency or any other form. We explain what to do about this common scam. We're continuing our cryptocurrency scams blog series with a look at an all-too-familiar and unfortunately common scheme: The Social...

When consumers receive a call from a 'family member' who claims to be in some kind of trouble and is asking for a payment in cryptocurrency, it's most likely a scam. Financial scams are on the rise, and the cryptocurrency industry is far from immune. While most...

Bitcoin businesses tend to attract crypto enthusiasts as employees. But does allowing your employees also to be your customers cross an ethical (or legal) line? Let's say you work for a prominent cryptocurrency exchange. The exchange is considering listing a brand new coin. We'll call it Bobcoin....

The time has come for entrepreneurs in the bitcoin and cryptocurrency space to implement robust consumer protection protocols. Here's how. Consumer protection is an evolving topic in cryptocurrency. Though crypto continues to attract growing consumer interest, concrete information on the risks of transacting isn't often readily...

Are U.S. cryptocurrency regulations too strict? While critics say that the U.S. regulatory system is stacked against the crypto market, the truth is more nuanced. Still, no one disagrees that improvements could be made. One of the quickest lessons entrepreneurs entering this space need to learn is...

An AML employee training program is critical to the success of BSA/AML compliance for cryptocurrency businesses, but only truly effective if it includes these key elements. Training your new employees on policies and procedures seems like a no-brainer; it's a check-the-box activity. But thinking of it that...

These are the respective risks and compliance countermeasures for the top three most common cryptocurrency business models. If you're an entrepreneur, we'll explain the high-level AML compliance considerations for: Bitcoin ATMs Exchanges P2P Lending If you want to start a business in the cryptocurrency space, there are...

There are over 2,000 Bitcoin ATMs in the United States alone. If you're curious about investing in cryptocurrency, one of these machines might be the easiest way to make a purchase. But how do you use them, and most importantly, how do you know if they're...

A lot of good KYC data can be collected simply by asking to see an ID. Here's what to look for, and what might potentially require you to decline a transaction. For anyone new to AML compliance, topics like Know Your Customer/Customer Due Diligence (KYC/CDD) can sound...

Error: Please enter a valid email address

Error: Invalid email

Error: Please enter your first name

Error: Please enter your last name

Error: Please enter a username

Error: Please enter a password

Error: Please confirm your password

Error: Password and password confirmation do not match