Compliance efforts are a tall task for many financial services and other organizations worldwide. New regulatory requirements are leading to greater demands to collect...
The European Banking Authority (EBA) has advised that the European Commission establish a regulatory regime specific to virtual currencies such as bitcoin. Commenting on the commission’s proposal...
On Wednesday, the Bitcoin community went into a tizzy over BIP 75 (BIP stands for Bitcoin Improvement Proposal) which is, in short, a layer-2 protocol...
Exchanges, brokerages, money transmitters and other service providers that serve as the “on-ramps” and “off-ramps” between bitcoin and fiat currency, form an important part of the Bitcoin ecosystem. But from a privacy and fungibility perspective, a heavy reliance on these companies is not ideal: Practically all fiat-facing bitcoin-companies are required to apply AML/KYC-checks on their customers.
London-based bitcoin analytics and security firm Elliptic announced that it has launched “The Bitcoin Big Bang,” an interactive visualization that plots the emergence and...
Earlier today, Ripple Labs Inc. was fined $700,000 for “willfully violating several requirements of the Bank Secrecy Act (BSA).” The Financial Crimes Enforcement Network...
The Chamber of Digital Commerce will hold a two-day anti-money laundering (AML) compliance boot camp for bankers, regulators and digital currency companies. The event...
UK Government Funds Research in Digital Fintech and Promotes Firm RegulationsIn November, the U.K. government launched a call for information on digital currencies, with...
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