BitAML Blog
How Crypto Businesses Can Build A Culture Of Compliance (And, Importantly, Why They Should)
July 2, 2019
Any financial institution, including a cyptocurrency money services business (MSB) money transmitter, with a poor culture of compliance is likely to have problems with...
What cryptos need to know about the BSA’s ‘Fifth Pillar’
June 25, 2019
The BSA’s so-called ‘fifth pillar’ has created a lot of confusion over how it applies to crypto, if at all. This post explains what...
Cryptocurrency Romance Scams Are Becoming A Serious Problem. Here’s What You Can Do
June 17, 2019
It’s an unfortunate reality that the cryptocurrency space has its fair share of scams, including romance scams. According to data from the Federal Trade...
Investing In Crypto: Here Are 5 Tips To Be A Successful Investor
June 10, 2019
Interested in investing in crypto but feeling overwhelmed with no idea where to start? You’re not alone. Investing in crypto can seem scary with...
Elder Financial Exploitation: What Crypto MSBs Need To Know
June 3, 2019
If you know someone over the age of 60, then they are unfortunately at risk for something called elder financial exploitation (EFE). EFE is...
Crypto Crime for Law Enforcement Officials: What Do You Need To Know About Compliance?
May 27, 2019
In 2018, approximately $1.7 billion worth of cryptocurrency was stolen and/or scammed according to a report from CipherTrace, and $1 billion of it was...
Crypto Hedge Funds: Here’s What You Need To Know About BSA/AML Compliance
May 20, 2019
A record number of crypto hedge funds launched in 2018, which means they’re getting more attention every day. While cryptocurrency hedge funds aren’t mentioned...
BSA/AML Compliance For Crypto Lenders: Here’s How To Be Compliant
May 13, 2019
Crypto lenders qualify as financial institutions and must adhere to the same compliance regulations as Bitcoin ATMs and crypto exchanges. Unlike ATM operators, crypto...
BSA/AML Compliance For Crypto Exchanges: How To Stay Compliant
May 6, 2019
Cryptocurrency compliance can be challenging, so today, we’re focusing on what crypto exchanges need to do to be compliant with relevant regulations as part...