Tag: Cryptocurrency
Cryptocompliance 101: How To Know If Your Cryptocurrency Business Is An MSB In The Eyes Of Regulators
October 29, 2018
Updated: February 7, 2023 Many of the same rules and regulations that apply to traditional financial institutions and money services businesses (MSBs) money transmitters...
Cryptocompliance 101: A Simple Explanation Of The Pillars Of BSA/AML Compliance For The Cryptocurrency Industry
October 15, 2018
When it comes to understanding compliance, it’s easy to get lost in a sea of legalese and confusing jargon. A lot of newcomers to...
Cryptocompliance 101: What Is Compliance, And Do Cryptocurrency Businesses Need It?
October 8, 2018
According to some analysts, 2017 was the year bitcoin went big. In 2011, a single bitcoin wasn’t even worth a dollar. Then, in 2017,...
New Malware Attacks On Bitcoin ATMs Points To The Next Big Compliance Hurdle In The Industry
September 10, 2018
Cryptocurrency ATMs have become one of the primary methods of purchasing bitcoin and other altcoins for users. We should know — ATM operators are...
Why The DEA’s Recent Remarks On Cryptocurrency-Related Crime Are So Stunning
September 4, 2018
Almost since its inception, opponents of cryptocurrency have made various attempts to undermine its potential and legitimacy. Top commodities gurus have written cryptocurrency off...
Here’s How FinCEN Would Respond To A Ponzi Scheme In The Cryptocurrency Industry
August 13, 2018
In 2014, JPMorgan Chase Bank, N.A. admitted to violating the Bank Secrecy Act. The bank had failed to report dubious transactions which were connected...
Malta Provides Legal Certainty For Cryptocurrency: Here’s What It Means For The Rest Of The World
August 7, 2018
Malta is home to some of the world’s most beautiful historic sites; now, it’s setting itself up to be the world’s cryptocurrency hub. In...
The IRS Wants To Launch An International Consortium To Crack Down On Crypto Crime
July 30, 2018
Blockchain technology’s ability to decentralize systems is both its blessing and its curse. On one hand, proponents of the technology praise decentralization as its...
Cryptocurrency Exchanges And Weak KYC Protocols: A Good Reminder About The Spirit Of Compliance
July 16, 2018
The findings of a recent study making waves online might prove disturbing, but beyond the headlines, we have yet another perfect opportunity to revisit...
