The following is an excerpt from an article published on NASDAQ.com and Bitcoin Magazine in which BitAML founder, Joe Ciccolo, analyzes the recent FinCEN enforcement action with Western Union, and lessons learned. There are several takeaways from the experience of this legacy organization for money transfers that...
The following is an excerpt from an article published on dinbits.com in which BitAML founder, Joe Ciccolo, shares his thoughts on the bitcoin compliance landscape for 2017. The regulatory landscape in the United States for virtual currency and blockchain technology is more defined than ever in...
Recently, BitAML founder and President, Joe Ciccolo, sat down with Rich Jacobs of FutureTech Podcast to discuss bitcoin regulation, compliance and the future of financial services. The podcast is available both online and via iTunes. Enjoy!...
The following is an excerpt from an article published on Moneylaundering.com in which BitAML founder, Joe Ciccolo, shares his thoughts on the evolution of fintech compliance. “…Some fintech firms have registered as money services business—perhaps the most familiar category of financial customer to bankers and regulators...
The following is an interview of BitAML Founder & President, Joe Ciccolo, originally published on CoinIdol. In it, Joe discusses the regulatory compliance implications for newly released portable bitcoin ATM devices. The Portable Bitcoin ATM presented by LocalBitcoins in October 2016, may cause MSB compliance issues....
Earlier this week, I sat down with Congressman Adam Kinzinger, sponsor of the H.R. 835, a resolution calling for a pro-bitcoin national policy. We met in a popular local coffee shop in downstate Illinois, a predominately rural, farming region far removed from the bright lights...
The following is a guest blog post published in collaboration with Biometrica, a security services firm focused on linking the physical to the digital. Contrary to what people think, bitcoin isn’t made for the bad guys. It’s actually the perfect tool for regulators, investigators, banks and NBFIs...
Earlier this week, FinCEN released a transcript of prepared remarks delivered by Deputy Director Jamal El-Hindi to the Conference of State Bank Supervisors (CSBS) on May 26th. The topic of discussion was bank “de-risking”. This, of course, remains a critical concern for bitcoin companies, most of whom struggle...
Late last month, EU lawmakers and regulators agreed to step lightly when it comes to regulating blockchain technology. Officials say they will “softly approach” regulation, thereby allowing innovation aimed at disrupting legacy financial solutions to continue. The EU’s move mirrors that of Britain’s Financial Conduct...
Late last month, FinCEN Director, Jennifer Shasky Calvery, announced she was stepping down at the end of May to take a job in the private sector. In just three short years as director, Calvery accomplished a great deal! She inherited a relatively obscure financial regulatory agency, which...
