BitAML Blog
3 Questions That Will Shape Crypto For Years To Come
December 31, 2019
The regulatory environment for cryptocurrency businesses is very much in flux. There are a lot of changes coming, and many of them could have...
What FinCEN’s Guidances For Cryptocurrency Really Mean
December 17, 2019
FinCEN guidances have caused no shortage of confusion in the cryptocurrency community. The watchdog group has detailed the current financial laws and regulations that...
Putting Crypto’s Travel Rule Challenge In Context
December 2, 2019
At first glance, when thinking about the challenges in applying the Travel Rule to cryptocurrency, the most immediate and common reaction is to exclaim...
How Cryptocurrency Businesses Can Get On The Good Side Of Regulators
November 25, 2019
It’s no secret that state regulators and the cryptocurrency industry have a rocky history together. Both frequently misunderstand and work past each other, even...
3 Common Risk Assessment Mistakes Crypto Businesses Make
November 17, 2019
It’s vital to control for the risks that come with running a cryptocurrency business, but how do you identify those risks in the first...
Top 3 Mistakes Cryptocurrency Businesses Make In Their Annual Audit
November 11, 2019
To operate as a cryptocurrency money services business (MSB)/money transmitter, you need to complete the registration process through the Financial Crimes Enforcement Network’s (FinCEN’s)...
How To Determine Whether Your Crypto Business Requires MTL Licensure
November 4, 2019
One of the most challenging things about cryptocurrency compliance is the fact that MSB/money transmitters not only need to observe federal regulations but every...
3 Biggest Challenges In Cryptocurrency Compliance Coming In 2020
October 28, 2019
As we approach 2020, it’s important to keep an eye on how regulators are reacting to cryptocurrency businesses. In 2019, we saw regulators seemingly...
The 3 Most Frequent Cryptocurrency Compliance Errors And How To Fix Them
October 21, 2019
Having an anti-money laundering (AML) process in place is step one for any reputable crypto business. However, even those with the best intentions have...
