Joe Ciccolo - BitAML

Cryptocompliance 101: KYC/CDD For Cryptocurrency Business: A Simple Explainer

Posted on January 21, 2019

Remember when you opened your first bank account? We’re betting it wasn’t as simple as showing up with a bag of money and asking them to hold onto it for a little while. Even opening a simple checking account requires multiple forms of identification, proof of residence and citizenship, even your social security number. You […]

Cryptocompliance 101: Here Are The Regulators That Every Crypto MSB Needs To Know

Posted on January 14, 2019 (August 13, 2021)

If you’re an entrepreneur in the cryptocurrency space, you need to learn about financial regulation quickly. A great first step is learning about the major financial regulators in the industry. We’re continuing our series of cryptocurrency compliance 101 posts to help cryptocurrency business owners understand the regulatory landscape, its nuances, and what steps need to be […]

Why Crypto Investors Should Focus On Strong Compliance

Posted on January 7, 2019

Cryptocurrency is an industry bursting with seemingly limitless possibility. Every day, startups are entering the scene with new and innovative ideas, products, and services. The possibility of building something unique, contributing to Satoshi’s vision, and perhaps even making a little history have come together to foster amazing growth within the cryptoverse (and in just a few […]

Yes, Leaving Banks For Bitcoin Was Easy. Here’s Why.

Posted on November 26, 2018

Let’s start with the basics. “Cryptocurrency” refers to digital currencies that are completely decentralized, meaning they operate independently of a central bank. Instead, these “coins” or “tokens” and their trade are regulated by an enthusiast community that records transactions transparently in a public digital ledger called a blockchain. Bitcoin and other “altcoins” are not physical, […]

Cryptocompliance 101: Key Compliance Regulations And What They Mean For Cryptocurrency

Posted on November 19, 2018

It’s pretty common for cryptocurrency entrepreneurs to feel a little overwhelmed when they first enter the space. Compliance tends to be one of the bigger knowledge gaps, and closing it is not only essential to the success of your business, it’s the law. That’s why BitAML is publishing a Compliance 101 blog series to help business […]

UPDATED – Cryptocompliance 101: What Is BSA/AML? How It Applies To Cryptocurrency MSBs Explained

Posted on November 12, 2018 (January 30, 2023)

Updated: January 30, 2023 BSA/AML is an important facet of compliance in the traditional financial sector. If you’re running a cryptocurrency business, you’ve probably heard about BSA/AML guidelines. More likely, you’ve heard that failing to implement these guidelines carries severe penalties for your business. While this is true, you might not be clear on what BSA and […]

Cryptocompliance 101: What Is A BSA Compliance Officer And Why Do You Need One?

Posted on November 5, 2018

“Cryptocurrencies are a new asset class, one at war with fiat money, and that war will be fought on regulatory issues.” That’s what bank analyst Yann Quelenn says about cryptocurrencies like bitcoin. We agree with him. The future of cryptocurrency is fraught with regulatory battles. If the cryptocurrency industry is going to thrive, it has a lot of […]

Cryptocompliance 101: How To Know If Your Cryptocurrency Business Is An MSB In The Eyes Of Regulators

Posted on October 29, 2018 (February 7, 2023)

Updated: February 7, 2023 Many of the same rules and regulations that apply to traditional financial institutions and money services businesses (MSBs) money transmitters also apply to cryptocurrency businesses, but this doesn’t mean anything to you if you don’t know whether you are considered an MSB/money transmitter by regulators in the first place. Despite the […]

Cryptocompliance 101: A Simple Explanation Of The Pillars Of BSA/AML Compliance For The Cryptocurrency Industry

Posted on October 15, 2018

When it comes to understanding compliance, it’s easy to get lost in a sea of legalese and confusing jargon. A lot of newcomers to the space are often overwhelmed by the amount of stuff you need to know and keep track of in order to be successful. And that’s just traditional finance. It gets even […]

Author: Joe Ciccolo

Posts by Joe Ciccolo