BitAML Blog
Why Banks Becoming Crypto Custodians Is Such A Big Story
August 3, 2020
By providing custodian services to consumers, traditional banks have officially entered the cryptocurrency market in a move with far-reaching implications. By now you’ve likely...
The ‘Social Security Administration’ scam cryptos should be aware of
July 27, 2020
The Social Security Administration will never call an individual to demand payment in cryptocurrency or any other form. We explain what to do about...
The ‘family member in danger’ scam explained
July 20, 2020
When consumers receive a call from a ‘family member’ who claims to be in some kind of trouble and is asking for a payment...
Can your employees also be your customers?
July 13, 2020
Bitcoin businesses tend to attract crypto enthusiasts as employees. But does allowing your employees also to be your customers cross an ethical (or legal)...
What every crypto business should do for consumer protection
July 6, 2020
The time has come for entrepreneurs in the bitcoin and cryptocurrency space to implement robust consumer protection protocols. Here’s how. Consumer protection is an...
Is the U.S. too hard on cryptocurrency?
June 29, 2020
Are U.S. cryptocurrency regulations too strict? While critics say that the U.S. regulatory system is stacked against the crypto market, the truth is more...
How To Get More Out Of Annual AML Training
June 22, 2020
An AML training program for employees is critical to the success of BSA/AML compliance for cryptocurrency businesses, but only truly effective if it includes...
3 popular crypto business models and their unique compliance needs
June 15, 2020
These are the respective risks and compliance countermeasures for the top three most common cryptocurrency business models. If you’re an entrepreneur, we’ll explain the...
What is a bitcoin ATM? What consumers should know
June 8, 2020
There are over 2,000 Bitcoin ATMs in the United States alone. If you’re curious about investing in cryptocurrency, one of these machines might be...