aml Archives - Page 40 of 53

#DeleteCoinbase: Exchange Users Respond to Acquisition of a Firm Run by Former Spyware Developers

March 3, 2019cashtechnews

Coinbase had acquired Neutrino, a startup run by ex-Hacking Team members. Last week, Coinbase announced that it had acquired Neutrino, a blockchain intelligence startup, which at first seemed like a regular purchase for the ever-growing United States cryptocurrency exchange. However, soon the crypto community learned that Neurino’s key staff are directly affiliated with Hacking Team, […]

IMF Recommends Immediate Action on Malta’s AML and CFT Supervision

March 1, 2019cashtechnews

The IMF has said that Malta does not have the proper supervision for AML and CFT and is calling for “urgent action.” The International Monetary Fund (IMF) has said that the Malta Financial Services Authority (MFSA) has critical gaps in its supervision for anti-money laundering (AML) and combating the financing of terrorism (CFT), and is […]

European Regulatory Chair Supports New Digital Asset Regulations

February 27, 2019cashtechnews

The chairman of the European Securities and Markets Authority, Steven Maijoor, has supported new regulations for digital assets to help investors. The chairman of the European Securities and Markets Authority (ESMA) — the European Union-level financial markets supervisor — has said that he supports further regulations on digital assets, political news outlet Roll Call reported […]

Bahrain Central Bank Releases First Crypto Exchange to Graduate Its Regulatory Sandbox

February 26, 2019cashtechnews

Bahraini crypto exchange Rain has reportedly graduated from the Central Bank of Bahrain’s Regulatory Sandbox and passed Shariah compliance. Bahrain-based Shariah compliant cryptocurrency exchange Rain has first completed the Central Bank of Bahrain’s (CBB) Regulatory Sandbox, the Saudi Gazette reported on Feb. 26. Rain, which was founded in 2016, has reportedly become the first digital […]

Russian Supreme Court Classifies Illicit Crypto Use Under Money Laundering Laws

February 26, 2019cashtechnews

The Russian Supreme Court has approved amendments to its anti-money laundering decree, making crypto laundering criminally punishable. The Russian Supreme Court has included the illicit use of cryptocurrencies in the list of criminal offences related to money laundering, local legal news site Pravo reported on Tuesday, Feb. 26. The court has introduced new amendments to […]

Huobi Korea to Strengthen Anti-Money Laundering Protections

February 21, 2019cashtechnews

Huobi Korea strengthens its AML protection and launches an inter-exchange hotline to prevent identity theft, voice phishing and other types of fraud. Huobi Korea, the South Korean branch of the world’s sixth largest crypto exchange, has recently strengthened its anti-money laundering (AML) protections, according to a press release shared with Cointelegraph on Feb. 21. According […]

Central Bank of Lithuania Issues Updated Position on Virtual Assets and ICOs

February 20, 2019cashtechnews

The Bank of Lithuania has updated its position on cryptocurrencies and ICOs, but left its underlying principles unchanged. The Bank of Lithuania has updated its position on virtual assets and initial coin offerings (ICOs), according to an announcement published on Feb. 14. The Bank of Lithuania initially issued a document detailing its position towards ICOs […]

Galaxy Digital Joins $15 Million Investment Round in Crypto Security Firm CipherTrace

February 20, 2019cashtechnews

Blockchain security firm CipherTrace has secured a $15 million investment from Galaxy Digital and other venture capital firms. Mike Novogratz’s crypto investment bank Galaxy Digital has invested in blockchain security company CipherTrace, according to an official press release published on Feb. 19. CipherTrace has reportedly raised $15 million in venture capital in a new funding […]

Cyprus Securities Regulator Calls for Adoption of EU Anti-Money Laundering Framework

February 19, 2019cashtechnews

Cyprus’ securities regulator is calling for the transposition of an extended version of the European Union’s Fifth Anti-Money Laundering Directive into national law. The Cyprus Securities and Exchange Commission (CySEC) is calling for the transposition of the European Union (EU)’s Fifth Anti-Money Laundering (AML) Directive (AMLD5) into national law — bringing local regulation of cryptocurrencies […]

Financial Firm Offers ‘Almost Instantaneous’ Loans Up to $30,000 With Crypto as Collateral

February 19, 2019cashtechnews

sponsored A company is offering cash loans of up to $30,000 with crypto as collateral — all without borrowers needing to sell their digital assets. A financial company is giving crypto holders the opportunity to take out cash loans while using their digital assets as collateral. YouHodler — whose name is inspired by the term […]

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