Joe Ciccolo - BitAML

Regulatory Action On Privacy Coins Is Doomed To Fail: Here’s The Smart Alternative

Posted on July 9, 2018

What comes to mind when you hear the term “Privacy Coin”? Does it sound like something that would cause a national security crisis? According to a new report, the U.S. Secret Service has recently become more interested in privacy coins like Monero and Zcash and their potential for criminal use. Robert Novy, deputy assistant director of the Office of Investigations, went […]

Does Cryptocurrency Technology Hinder Law Enforcement? 3 Ways It Actually Helps

Posted on June 26, 2018

“Bitcoin is a market for criminals and millennials.” This sentiment, expressed by economist Dennis Gartman, is common amongst many cryptocurrency critics today. We’ve encountered some of these adversaries of cryptocurrency firsthand. While attending an alumni event not too long ago, for instance, we spoke with a high-ranking compliance executive who had a negative (if naive) […]

Customer Service: The Next Big Compliance Tool For Cryptocurrency

Posted on June 18, 2018

Whether bitcoin is up or down when you’re reading this, the cryptocurrency industry is still growing rapidly (and fast approaching an estimated $1 trillion evaluation this year). But as startups in the cryptocurrency space continue to bloom, attention from regulators is on the rise, and most of that awareness can be traced to one thing: […]

What Do I Need To Know About Cryptocurrency Compliance Before Entering the Game

Posted on May 14, 2018

At BitAML, we talk with tons of entrepreneurs thinking about or even taking the first steps to start a new venture in cryptocurrency. Most are just like you. They are not sure what the risks and regulations are of cryptocurrency compliance and want to avoid fatal mistakes early on in their venture. There’s a lot […]

5 Compliance Tools in the Cryptocurrency World Every Serious Player Should Be Using

Posted on May 11, 2018

As the cryptocurrency landscape evolves, the need to track and monitor transactions becomes increasingly important. Cryptocurrency companies are expected to flag, track, and monitor transactions for suspicious or unusual activity. The Financial Crimes Enforcement Network (FinCEN) requires companies involved with cryptocurrencies to register as a money transmitter, which is a type of money services business […]

How to Spot Cryptocurrency Scams

Posted on April 18, 2018

There are a myriad of cryptocurrency scams out there. If you’re new to trading, it can be difficult to spot a scam without diving in too deep. Since the explosion of cryptocurrencies, coverage of the crypto space has flooded the internet. This makes it difficult for newcomers to really understand where to find authoritative information, […]

Bitcoin Compliance: How Confusion in Cryptocurrency Has Hurt or Destroyed Businesses

Posted on March 26, 2018

If you’re a startup operating in the cryptocurrency space, it’s important to stay vigilant on regulatory compliance issues. And that isn’t to scaremonger – that’s exactly what BitAML has been saying for some time, as well as Coinbase’s then-legal counsel, Sarah Hody. Sarah told entrepreneurs this in a bitcoin developer meetup in Silicon Valley two […]

Starting a Cryptocurrency Business? Read This Bitcoin Compliance Checklist First

Posted on March 20, 2018

Are you setting out to start your own business in the cryptocurrency space? If so, it is important to know and avoid these 7 costly mistakes when entering the industry. Compliance is a big part of running any cryptocurrency business, and many in the industry have gone to great lengths to help those new to […]

The Case For A Self-Regulatory Cryptocurrency Group In The U.S.

Posted on March 15, 2018

In the face of regulatory task forces, congressional hearings, subpoenas, and often conflicting views among regulators, its difficult to feel as an industry that crypto has a voice. That needs to change. Here’s our case for a self-regulatory cryptocurrency body in the U.S Who knows the industry better than the very people who built it? […]

Author: Joe Ciccolo

Posts by Joe Ciccolo