Securitize, a compliance platform for token issuers, has released a new tool that ensures private digital securities trading is completed compliantly. Securitize, a digital securities platform backed by major cryptocurrency exchange Coinbase, has announced a new tool that assures that secondary market transactions of digital securities are compliant with regulations. According to an April 22 […]
Continue ReadingLegal, regulated crypto is starting to move through the Asia-Pacific region. Chainalysis announced the extension of its cooperation with South Korean crypto exchange Upbit today, aiming to provide blockchain analysis support across the Asia-Pacific region (APAC). According to the announcement, Upbit APAC will start using Chainalysis KYT (Know-Your-Transaction) to provide a safe trading environment and […]
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The members of the Joint Chiefs of Global Tax Enforcement are updating their crypto laws to prevent financial crimes and money laundering. Cybercriminals are taking full advantage of the COVID-19 pandemic, which has forced life into a digital realm, by leveraging increased fear and uncertainty to steal money and launder it through the complex cryptocurrency […]
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An overview of 2020’s four most significant regulations for cryptocurrency exchanges around the world. The lack of uniformity among different jurisdictions’ cryptocurrency laws makes it difficult for crypto exchanges seeking to expand to new markets. While some countries are embracing and fostering innovation, others are more hostile to Bitcoin (BTC) and other cryptocurrencies. Further exacerbating […]
Continue ReadingNonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis. Nonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis. On April 3, the U.S. Small Business Administration (SBA) […]
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The cryptocurrency network aims with the partnership to strengthen their AML/KYC screening processes. Cryptocurrency network TemTum is partnering with identity verification service Shufti Pro to provide Anti-Money Laundering (AML) and Know Your Customer (KYC) screening services for its customers. As part of the partnership announced on April 7, Shufti Pro will verify TemTum clients’ KYC […]
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Blockchain-based digital identity is becoming mainstream with banks, financial organizations rise to the adoption challenge. Digital identity solutions are on the rise as consumers seek security and accessibility in a digitized world. A new report from 360iResearch shows that the global digital identity market is expected to have reached about $37 Million by the end […]
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Once the go-to place for crypto and blockchain firms, is the “blockchain island” of Malta being hollowed out? It seems that Malta is becoming both less popular among and less populated with crypto firms. The European Union country attracted dozens of industry players in 2018 on the back of the “blockchain island” agenda championed by […]
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The Financial Action Task Force analyzed U.S. compliance to its recommendations, arguing that some of the enforcement is not specific enough for cryptocurrency. The Financial Action Task Force (FATF) has reevaluated the United States on its compliance with global anti-money laundering (AML) and counter-terrorist financing (CFT) regulations. According to the report published on March 31, […]
Continue ReadingDigital payments giant looks to hire a highly experienced person in charge of overseeing their blockchain-related strategies. Digital payments giant PayPal posted a new job listing on March 23, where the company seeks to hire an Anti-Money-Laundering (AML) and Blockchain Strategy director for their Global Financial Crimes (GFC) division. According to the company, the new […]
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