BitAML Blog
A Warning To Businesses About COVID-19 Compliance And Scams
April 27, 2020
What’s expected of AML compliance during the pandemic? Business as usual, says FinCEN. Economic slowdowns could hurt bitcoin ATM owners, and new, pandemic-inspired scams...
How To Record Funds Travel Rule Compliance
April 20, 2020
We’ve explained how the Funds Travel Rule applies to cryptocurrency businesses, but what’s the best way to record compliance with the guidance? To this...
Common Ways Your Customers May Try To Avoid KYC
April 13, 2020
A wide range of customer behaviors could read suspiciously. How do you know for sure? Though this is not a complete list, we explain...
How To Start A Cryptocurrency Business: Critical First Steps
April 6, 2020
How do I start a cryptocurrency or bitcoin business? Crafting a business plan is usually step #1, but in a fraught and ambiguous regulatory...
Expanding To Another Country? Here Are The Risks
March 30, 2020
Yes, expanding the geographic scope of your cryptocurrency money service business brings new risks. Here’s what you need to know. Let’s say things are...
Regulators Are Telling The Cryptocurrency Industry To Prioritize Consumer Protection. Here’s How.
March 2, 2020
Legislation being considered in California and New Jersey, as well as other regulatory signals around the U.S., are a reminder that businesses in the...
Vital Crypto Compliance Issues That Are Easy To Miss
February 24, 2020
AML compliance is complex, and it can be difficult for cryptocurrency businesses and startups to dot every last I. Here are some of the...
Watch For These Testing And Monitoring Mistakes As You Grow Out Of Startup Status
February 17, 2020
When you decide to start a cryptocurrency business, there are very specific AML compliance tasks that you need to take care of before you...
For Cryptos, Money Transmitter Licensing Isn’t One-And-Done
February 10, 2020
You’re not done once you get your MTL license in-hand. In fact, the hard part has just begun. More and more states are requiring...