Blog

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...

The following is an excerpt from an article published in 99Bitcoins in which BitAML founder, Joe Ciccolo, provides a beginner's guide to operating a compliant Bitcoin ATM business. Ordering and taking delivery of your terminal should be one of the last steps in your business planning. AML...

The following is an excerpt from an article published on BTCManager in which BitAML founder, Joe Ciccolo, discusses bitcoin and banking relationships: Joe Ciccolo, Founder and President of the Illinois-based BitAML, a regulatory compliance consulting company devoted exclusively to helping digital currency startups and small businesses,...

Three years ago this past Friday (03/18), FinCEN released its regulatory guidance on digital currencies. Those involved in creating, distributing, exchanging, and transmitting digital currencies were deemed money transmitters and thus subject to FinCEN registration and regulatory oversight. “Depending on who you speak to, the issuance...

Questions about our services, or compliance in general?

Our experts are happy to help. Submit the form below for a free, no-pressure 30-minute consultation.

Schedule Now

Error: Please enter a valid email address

Error: Invalid email

Error: Please enter your first name

Error: Please enter your last name

Error: Please enter a username

Error: Please enter a password

Error: Please confirm your password

Error: Password and password confirmation do not match