Joe Ciccolo - BitAML

Consumer Complaints: A Serious Crypto Industry Challenge That’s Easier To Solve Than You Think

Posted on December 19, 2017

As new consumer reports continue to shed light on the mounting consumer complaints levied against U.S. cryptocurrency companies, crypto regulation and consumer protection are increasingly becoming topics of interest for exchanges, traders, and crypto kiosk operators. Just this year, Coinbase received almost 300 complaints to the U.S. Consumer Financial Protection Bureau (CFPB). Other exchanges received complaints as […]

Recent Arrests For Unlicensed Money Transmission Signal The End Of Days For The Trader Gray Area

Posted on November 18, 2017

In late October of this year, a 52-year-old Michigan man was named in a federal indictment, accused of exchanging bitcoins improperly through LocalBitcoins (LBC). The trader, named Bradley Anthony Stetkiw (under the screen name “SaltandPepper”), was charged with operating an unlicensed money transmission business. The case is hardly the first of its kind, but its […]

Are Regulators Concerned About Nascent Money Laundering In The Cryptocurrency Space?

Posted on November 2, 2017

It’s a given that with the advent of new technologies, there comes new regulatory challenges and other teething issues as society evolves and adapts. Cryptocurrency is no exception. What makes cryptocurrency a particularly controversial issue to regulators is the simple fact that there’s no central authority that oversees transactions, leaving consensus up to the users […]

SEC Continues Inquiring About Bitcoin And ICOs, But How Much Should You Worry?

Posted on October 17, 2017

The cryptocurrency industry has a difficult challenge ahead of it in the coming years: demonstrate legitimacy both to potential investors and regulators who are increasingly skeptical of the nascent technology. It’s a tremendous burden of proof to bear, but one that those in the industry have understood since inception. But while regulatory bodies have treated […]

ULC’s Uniform Money Transmitter Licensing: How Soon Will New Regulations Affect Digital Currencies In All 50 States?

Posted on August 22, 2017 (December 29, 2022)

The Uniform Law Commission (ULC) has endeavored to unify cryptocurrency regulations across all 50 states for over two years now. Finally, the time has come to see if all 50 states will enact the Uniform Regulation of Virtual Currency Business Act in their upcoming legislative assemblies. But how realistic is the idea of a uniform […]

Recent SEC Guidance On ICOs Is Not To Be Taken Lightly

Posted on July 26, 2017

Guidance from the Securities Exchange Commission (SEC) regarding Initial Coin Offerings (ICOs) has arrived a bit earlier than we initially predicted (we only missed it by a month or so), but nonetheless, represents a shakeup in the venture capital marketplace many, including BitAML, saw as a foregone conclusion. In short, in light of the SEC’s […]

How 5 States Are Approaching Bitcoin Regulation

Posted on May 15, 2017

BitAML Founder, Joe Ciccolo, recently sat down with Coinfirm CEO, Pawel Kuskowski, and Bitcoin Magazine to discuss regulatory activities across five U.S. states — Washington, Illinois, Hawaii, California and Florida — and what the regulatory landscape may look like in the days ahead. The following are brief excerpts from the article published in Bitcoin Magazine: […]

BitAML Founder, Joe Ciccolo, Named Advisor To Blockchain Users Group

Posted on April 19, 2017

The Blockchain Users Group (BUG) named BitAML Founder & President, Joe Ciccolo, as its Regulatory Compliance Advisor. The BUG is a 501(c)(3) organization that provides a hub for users, practitioners, and developers to exchange knowledge on how to maximize blockchain technology to achieve business success. The BUG is dedicated to the delivery of member-driven education […]

BitAML Founder, Joe Ciccolo, Leads ACAMS Chicago Workshop on Bitcoin and Blockchain

Posted on March 9, 2017

On March 9, 2017, BitAML Founder, Joe Ciccolo, lead a double-session workshop on bitcoin and blockchain technology for nearly 300 Chicago-area bank compliance officers, regulators, and members of law enforcement. The workshop, hosted by ACAMS Chicago, consisted of several lively and interactive panel discussions featuring perspectives from bitcoin entrepreneurs, banks, regulators, and AML compliance professionals. […]

Author: Joe Ciccolo

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