Tag: AML

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Taiwan FSC Drafts New AML Rules for Crypto Firms

Taiwan’s Financial Supervisory Commission (FSC) has drafted new anti-money laundering (AML) regulations for cryptocurrency firms following recent legal amendments. These regulations mandate that virtual...

FATF’s Proposed AML Standards Could Put an End to Bitcoin Usage by the Islamic State and Other Terrorist Groups

Recently, the Assistant US Treasury Secretary and President of the Financial Action Task Force (FATF), Marshall Billingslea, expressed his concern on behalf of the entire...

Chinese Bitcoin Exchanges Inch Closer To Resuming Withdrawals

It appears the Chinese bitcoin exchanges still have some work cut out for them. Even though things are set in motion to resume bitcoin...

AML Regulations for European Bitcoin Exchanges – European Commission

The European Union is at it again! The European Commission is looking forward to put an end to anonymous cryptocurrency trading activities in the...

Cryptonit Introduces Credit Card Deposits on Its Platform

Cryptonit, the UK based cryptocurrency platform has announced its latest offering. The cryptocurrency industry veteran since 2002 has now enabled its users to make...

Elliptic May Convince Banks to Support Bitcoin

It is time for banks to have a friendly view towards bitcoin. Banking sector has always been a bit sceptical about bitcoin, mainly due...

Final Version of BitLicense Is Out. Not Many Impressed

Ben Lawsky’s much awaited BitLicense update in finally out. The final version of licensing regulations for Bitcoin and other cryptocurrency related businesses, better known...

itBit — the First Company to Receive BitLicense

While the controversial BitLicense is about to be finalized later this month by the New York Department of Financial Services, itBit has become the first...

Ripple Labs Almost Ripped Apart by FinCEN

Ripple Labs Inc., the creators of Ripple Protocol, known for their cryptocurrency and virtual currency exchange services has been slapped with a $700,000 fine...