BitAML Blog
What cryptos can expect from a Title 31 exams
February 3, 2020
Can cryptocurrency businesses be subjected to IRS Title 31 exams? In short, yes. The IRS uses Title 31 to prevent money laundering, meaning more...
For Crypto, ‘No Action’ Can’t Last. Here’s Why.
January 28, 2020
Keeping up with changing regulations as a crypto business owner is a challenge, to say the least. An industry launched as an economical alternative...
Updated: Crypto Regulation Is On The Horizon In Sunny California
January 16, 2020
UPDATE (7/20/20): The California DBO expansion described in this article has since been quietly placed on hold, most likely due to the need to...
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)...