Tag: compliance

Crypto Custody in Hong Kong: Compliance Shifts Explained

The Hong Kong Monetary Authority (HKMA) recently issued a new critical circular regarding crypto custody platforms. This directive, aimed at authorized institutions (AIs),...

Compliance Officer Behind $4 Billion Crypto Scam Pleads Guilty

Irina Dilkinska, the former Head of Legal and Compliance at OneCoin, has pleaded guilty to wire fraud and money laundering charges. This is...

Compliance Firms Relish Hefty Payday From UK Crypto Rules

Global crypto exchanges looking to abide by new UK advertising rules are increasing demand for compliance advisers. Three such companies are raking in...

Dutch Court Rules in Favor of Lower Compliance Costs

A Dutch court said that De Nederlandsche Bank (DNB) could not impose supervisory costs for 2021 on crypto companies that registered in 2020....

‘Privacy Pools’ Combine Privacy and Compliance

Ethereum co-founder Vitalik Buterin co-authored a paper that outlined blockchain privacy while considering financial regulation. The paper discussed privacy-enhancing methods like “Privacy Pools”...

The FCA Gets Serious About ‘Travel Rule’ Compliance for Crypto

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), has gotten serious about stopping the use of cryptocurrency for money laundering and...

UK Crypto Firms Struggling With FCA Compliance

UK crypto firms are growing increasingly weary of dealing with the country’s Financial Conduct Authority (FCA) and its complex rules. That’s according to...

IRS Works on New Crypto Tax Rules to Enforce Compliance

US Congressmen Brad Sherman (D-Calif.) and Stephen Lynch (D-Mass.) have implored the US Treasury and Internal Revenue Service (IRS) to urgently curb “major...

Crypto Compliance & Anonymity: Coinbase, Binance & Signuptoken.com In The Spotlight

Cryptocurrency and the regulation that surround it have been a hot topic recently with Binance and Coinbase being placed in the spotlight. Both...

Compliance Professionals Fear Rising Crypto Money Laundering

A survey has revealed that 70% of compliance officers feel that crypto money laundering is becoming a major threat, and they feel only...

Wells Notice Strikes Coinbase in Crypto Compliance Pursuit

The United States Securities and Exchange Commission (SEC) has served Coinbase with a Wells Notice. The exchange firmly believes that it is in...

Binance Touts Compliance While Avoiding Financial Disclosures

Binance Chief Strategy Officer Patrick Hillman avoided revealing key financial information about Binance and Binance.US in response to a recent letter from U.S....

SEC Launches Investigation into Crypto Custody Compliance

The Securities and Exchange Commission (SEC) is conducting an investigation into registered investment advisers over their cryptocurrency custody compliance. The U.S. agency has been...

Coinbase Commits $100M to Improve AML Compliance Practices

The regulators slapped Coinbase with a $50 million fine for violating anti-money laundering laws. It will commit another $50 million to improve compliance. The...

ChangeNOW remains committed to high compliance standards amid suspicious activity from Alameda wallets

Amid this incident of suspicious activity from Alameda wallets, ChangeNOW strives to resist illegal money flow and remains committed to high compliance standards...