AML

FATF’s regulations to push criminals to privacy coins: CipheTrace CEO

November 5, 2019
The Financial Action Task Force’s (FATF) crypto regulations will trigger a shift of criminal activity from Bitcoin (BTC) to privacy coins, it has been claimed. Criminals mostly use BTC and ETH to date David Jevans, CEO of major crypto transaction tracking firm CipherTrace, shared his remarks about criminal use of cryptocurrencies at a panel held

Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted

November 4, 2019
Kathryn Haun — a general partner at Andreesen Horowitz and the Justice Department’s prosecutor for the infamous Silk Road case —- says that the fiat-dominated financial system is inept at tackling the very thing it purports to worry about when it comes to crypto. In the traditional financial sector today, “99.9% of all money laundering

Swiss Regulator Releases AML, KYC Guidance for Blockchain Payments

August 30, 2019
Switzerland’s Financial Market Supervisory Authority (FINMA) has released guidance on regulatory requirements for payments on the blockchain under FINMA supervision. The new guidance for virtual asset service providers, published on Aug. 26, applies to blockchain service providers including exchanges, wallet providers and trading platforms. In its preface to the guidance, FINMA notes its adherence to

7,000+ Sign Petition Against Drafted Cash Restrictions in Australia

August 28, 2019
More than 7,000 people have signed a new petition against drafted cash restrictions in Australia, different drafts of which include and exclude digital currencies from proposed limits. Earlier this week, Robert Barwick, director at the Citizens Electoral Council of Australia, initiated a petition against the proposed “Currency (Restrictions on the Use of Cash) Bill 2019”

Swiss Crypto Finance App Gains Nationally Recognized AML License

August 20, 2019
Cryptocurrency-focused personal finance app Aximetria has gained a financial standards license recognized by Swiss regulators. In a press release provided to Cointelegraph July 29, Aximetria, which is based in the country, said the Swiss Financial Services Standards Association (VQF) license would allow it to function as a crypto intermediary and streamline its onboarding process. The

QuantmRe Launches Security Token Backed by Property Assets

December 13, 2018
Property trading platform operator QuantmRe launched its security token EQRE, which is backed by fractional equity interests in US properties. QuantmRe, which operates a blockchain-based real estate trading platform, announced on Tuesday the launch of the EQRE security token, which allows qualified investors to get exposure to fractional equity interests that focus on US residential