Chainalysis to Monitor AML Compliance for Crypto Exchange CoinField

Blockchain analytics firm Chainalysis partners with CoinField exchange to add enhanced AML technology. Amid a tightening regulatory scene in crypto, blockchain analytics firm Chainalysis has joined up with digital asset exchange CoinField. CoinField plans to use Chainalysis technology to help with its Anti-Money Laundering, or AML, practices, Chainalysis announced on Feb. 20. Crypto leaves the […]

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New Italian Fintech Startup Bitsa Adds XMR Support to Its Prepaid Card

Italy’s new crypto-powered debit card supplier Bitsa lets users spend privacy-focused altcoin Monero on its prepaid cards. Italy’s new crypto-powered debit card supplier Bitsa has just expanded its prepaid card with major privacy-focused altcoin Monero (XMR). By enabling Monero support on its Bitsa Card, the company unclocks “all types” of XMR-based card transactions in physical […]

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Dutch Authorities Arrest Two Men for Alleged Crypto Money Laundering

The Dutch Fiscal Intelligence and Investigation Service arrested two men for allegedly laundering money with cryptocurrencies. The Dutch Fiscal Intelligence and Investigation Service (FIOD) has arrested two men for allegedly laundering money with cryptocurrencies. According to a statement released by the International Revenue Service on Feb. 18, the two men were arrested on Feb. 17 […]

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Israeli Banks Should Not Deny Services to Crypto Firms: Attorney General

Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel’s attorney general Avichai Mandelblit. Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel’s attorney general Avichai Mandelblit. Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money […]

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Russian Central Bank Links Crypto Transactions With Money Laundering

Russia is updating its manual for detecting money laundering risks, simplifying it while adding a broad categorization of cryptocurrency exchange transactions as high risk. The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as […]

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