A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.5 million for customers across the country, according to the notice by the U.S. Department of Justice. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]
The EU Fifth Anti-Money Laundering Directive has come into force, setting new rules for European financial watchdogs to monitor cryptocurrencies
Auditing giant KPMG publishes study on money laundering via crypto, provides advice for financial institutions
South Korea’s Financial Services Commission released new AML guidelines that require crypto exchanges to conduct proper customer ID due diligence
Alleged Russian Bitcoin defrauder Alexander Vinnik, arrested last year in Greece and awaiting extradition to Russia, is now wanted by the French authorities, according to Expatica. The French police wish to speak to the ex-head of cryptocurrency exchange BTC-e, now joining both the US and Russia, over claims that he had defrauded 100 people in […]
Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.
Privacy is needed to enhance the “moneyness” of cryptocurrency. As it is, our entire global system of money has also seen its fungibility deteriorate.
Ajit Tripathi of ConsenSys, formerly of Wall Street, compares crypto to a misbehaving — but learning — teenager and regulators to his parents in an interview with CT
An Israeli cybersecurity expert says crypto-related crimes will exceed the number of all other cyberattacks this year
Japan’s FSA demands six big exchanges improve AML/KYC setup
The owner of a leading Irish Bitcoin broker has accused the country’s banking institutions of discriminating against crypto-related businesses
Japan’s financial watchdog to issue business improvement notices to five registered exchanges, citing a failure to provide sufficient AML measures
Industry experts and lawyers discussed whether companies should issue security tokens in a panel debate at real estate-focused event BitcoinCRE on June 14. Part of London Tech Week, the event looked at regulations across the world and happened hours before Ether was declared ‘not a security‘ by the SEC. ‘A Security Token Would Kill Our Business’… […]
Even though it appears the Tezos team has successfully addressed most of the problems holding the project back, more controversy looms on the horizon. More specifically, the team has made it clear they will perform thorough KYC and AML checks for all investors. It’s a remarkable decision, considering that those users contributed nearly a year […]
This week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins. Also read: Bitcoin Cash Innovation Continues with the […]