BitAML Blog
Is Running A Crypto Business Really That Risky?
September 23, 2019
How risky is it to start a business in the cryptocurrency space? We’re not talking about personal financial risk, like the risk of losing...
5 Insider Tips To Give Your KYC Protocols An Extra Edge
September 16, 2019
Know Your Customer (KYC) and Customer Due Diligence (CDD) are mission-critical components of successful bitcoin compliance. But like most things, their value is dependent...
Cryptocompliance 101: How your business should incorporate the Funds Travel Rule
September 10, 2019
UPDATE: Funds Travel Rule compliance remains a contentious and unsettled issue within the cryptocurrency space. While a solution is not yet present as of...
Top 3 Things To Think About When Assessing Your Risk
September 3, 2019
Starting a new business in crypto is risky. It’s a new industry built on new technology. New industry means unclear regulatory expectations, and new...
Crypto Scams Are A Genuine Problem. Better KYC Is The Fix.
August 26, 2019
The cryptocurrency industry is faced with numerous unique challenges. But the most consequential is the need to demonstrate legitimacy, particularly to increasingly hawkish regulators...
Do all crypto business models require a board of directors?
August 19, 2019
A board of directors sounds like something you’d find at a major corporation, not a small-time bitcoin ATM operator. But according to regulators, the...
Cryptocompliance 101: How To Assess HIFCA And HIDTA Risk For MSBs
August 12, 2019
If you’re newer to crypto, you might hear the acronyms HIFCA and HIDTA tossed about in relation to risk analysis. If so, you’ve probably...
Crypto Exchanges: How To Select Coins And Stay In Compliance
August 5, 2019
How do crypto exchanges select the coins they offer their customers? It’s not as simple as picking a popular coin and figuring out how...
5 Red Flags No Crypto Business Should Ever Ignore
July 29, 2019
Cryptocurrency businesses (specifically money services businesses (MSBs) money transmitters), whether consisting of large, international crypto exchanges or a single bitcoin ATM, must monitor transactions...