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A bitcoin trader has been sentenced to two years in prison and ordered to forfeit more than $800,000 “for operating an unlicensed money transmitting business,” according to the U.S. Department of Justice.

In a letter dated April 10, 2019, the New York State Department of Financial Services (NYDFS) rejected the cryptocurrency exchange's BitLicense application, a requirement for offering crypto-based services to New Yorkers.

The peer-to-peer bitcoin marketplace Paxful announced that it’s introducing AI-powered identity verification to help improve know-your-customer (KYC) and anti-money laundering (AML) procedures.

LocalBitcoins, the peer-to-peer cryptocurrency exchange favored by those who want to buy or sell bitcoin anonymously, will now require users to provide personal information.

In this op ed, CoolBitX CEO Michael Ou argues that "anonymity contributes to cryptocurrency’s notorious volatility and makes it that much less likely that digital currencies will become stable stores of value."

CipherTrace, a blockchain analytics company, is partnering with the Republic of Malta’s sole financial regulatory agency to ensure that all crypto transactions within the country are free of money laundering and other similar financial crimes.

The digital asset platform has plans to make AML/KYC mandatory for all later this year.

AxiomLevel’s investor onboarding platform serves as a finance industry solution that caters toward institutional players.

Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform.

According to some experts, the impact on the cryptocurrency business in Canada is going to be massive.