Search
UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection
27.2.2020
Epayments, one of the largest payment providers in the U.K., has halted operations after the Financial Conduct Authority (FCA) suspended the company for “weaknesses” related to its anti-money-laundering (AML) process. Since Epayments shut down on February 11, customers have been...
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets
24.2.2020
The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and...
G20 Urges Countries to Adopt Tough FATF Rules on Cryptocurrencies
24.2.2020
FATF's guidance compels crypto exchanges to share user data with one another
How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus
23.2.2020
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns....
BTC Crash, Fraud and Anti-Hodling: Bad Crypto News of the Week
22.2.2020
Tired of reading? Listen to the bad crypto news of the past week instead
CipherTrace Releases Anti-Money Laundering Report for Q4 2019
12.2.2020
Crypto-blockchain forensic project CipherTrace has released the anti-money laundering report for the last quarter of 2019, and the results are saddening, to say the least. The results indicate that the doubts raised by politicians globally are not mere speculations, but have a certain level...
Tether Stablecoin Taps Chainalysis for Anti-Money Laundering Compliance Tools
12.2.2020
Tether is using Chainalysis' "Know Your Transaction" tool to create risk profiles for USDT users and monitor potentially suspicious activity
40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law
11.2.2020
More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into...
312 Crypto Exchanges Registered in Australia, Regulator Confirms
10.2.2020
A growing number of cryptocurrency exchanges have been registered with Australia’s crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news.Bitcoin.com on Monday that the regulator has already registered 312 crypto exchanges. Also read:...
Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
29.1.2020
The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators...
RBI Did No Research Before Anti-Crypto Directive: RTI Reply
23.1.2020
The response to a Right to Information (RTI) request has shown that the Reserve Bank of India (RBI) is not privy to the nuances of cryptocurrencies and that it did not form any internal committees or working groups for the purpose of studying the merits and detrimental effects of Virtual Currencies...
Cypherpunk Bitstream Hosts Share Importance of Payments, Dropgangs, and ‘Meatspace’ Allies
20.1.2020
The Cypherpunk Bitstream podcast is a relatively new program that’s just released its fourth episode. The hosts, known as Frank Braun and The Real Smuggler, are so-called ‘privacy extremists’ and dyed-in-the-wool crypto-anarchists concerned with exposing cypherpunk ethos to...
Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime
16.1.2020
Thanks to the EU’s most recent money laundering directive, a small business called Post-a-coin, which sold cute postcards pre-loaded with tiny amounts of bitcoin, is being forced to shut down. Meanwhile, the most heinous criminals in history are continuing to facilitate violence, trafficking...
Dish Network Files Patent For Blockchain-Based Anti-Piracy System
13.1.2020
The satellite TV firm's newly published patent application details a means to combat online piracy using blockchain
With New Regulations, Europe’s Crypto Companies May Be Running Out of Options
13.1.2020
European crypto companies are finding themselves in a changing regulatory environment. The new realities they have to deal with stem from the fifth edition of the European Union’s anti-money laundering directive. AMLD5 introduces stricter customer due diligence requirements and some in...
EU Countries Commence Crypto Regulations as Mandated by New Directive
11.1.2020
The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs...
What The 5th Anti-Money Laundering Directive Means For Crypto Businesses
10.1.2020
As 5AMLD comes into effect, cryptocurrency service providers are on the hook for new regulations
European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect
10.1.2020
A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Here’s what AMLD5 will mean for the industry
HSBC Closes 2 Branches Following New Protests in Hong Kong
3.1.2020
HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend...
Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases
27.12.2019
Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set...