BitAML Blog
NFTs and AML compliance: What businesses need to understand
August 2, 2021
As the debate over non-fungible tokens (NFTs) in cryptocurrency ramps up, some businesses are wondering what their AML compliance obligations are. The cryptocurrency industry...
NEWS: CoinZoom bolsters comprehensive regulatory compliance program with the aid of ComplyFit, a groundbreaking state money transmitter license maintenance tool
June 9, 2021
Financial institution emphasizes regulatory compliance as a key to long-term growth in the cryptocurrency space Roseville, CA — June 07, 2021—ComplyFit, the leader...
NEWS: ComplyFit Brokers New Agreement with Cryptocurrency ATM Operator CoinFlip to Take State Regulation and Reporting to the Next Level
May 18, 2021
Partnership allows Crypto ATM Company to Streamline Compliance Roseville, CA — May 18, 2021—ComplyFit, the leader in money transmitter licensee reporting, announced a new...
How to prepare your business for a cybersecurity review
March 8, 2021
As cybersecurity becomes increasingly important in the crypto space, regular cybersecurity reviews will be key to staying on the cutting edge. Here’s what your...
UPDATED: What cryptos need to know about cybersecurity
March 1, 2021
It’s time for every cryptocurrency business, from exchanges to kiosk operators, to take cybersecurity more seriously. The problem? You’re pretty much on your own....
CFPB: Consumer protection is ramping up in crypto. Are you ready?
February 22, 2021
The Consumer Financial Protection Bureau (CFPB) had harsh words recently for companies failing to respond to consumer complaints. Guess what kinds of companies feature...
How to spot scammers exploiting remote cryptocurrency transactions
February 1, 2021
Consumers are increasingly transacting cryptocurrency remotely, and financial criminals are taking advantage of the trend. What does this mean for your institutional compliance? Cryptocurrency...
Should automating compliance be your ultimate goal?
January 25, 2021
So you’ve automated a lot of your AML compliance. Now what? Here’s why cryptocurrency businesses shouldn’t rest on their laurels. Most entrepreneurs in the...
What businesses should do about FinCEN’s crypto wallet rule
January 18, 2021
A new proposed rule requiring cryptos to identify personal wallets has been criticized as impossible to implement. Will it happen? We don’t know. But,...