Tag: AML

Slow and Steady Wins the Race: This Canadian Exchange Is Leading the Way on Regulation

There’s nothing that sends shock waves through the crypto markets like the prospect of regulation. And there’s also nothing so hard to establish on a global scale. After all, how can you regulate something when you can’t agree on what category it falls into, and when laws vary across jurisdictions and cultures? One Canadian exchange, Coinsquare, is taking an interesting approach that just might prove that in this fast-paced industry, slow and steady wins the …
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Blockchain Regtech Leader Coinfirm to Launch AMLT Token for Anti-Money Laundering Compliance

Coinfirm, a global leader in blockchain AML/CTF and compliance is releasing a dedicated token, AMLT, to deliver one of the most needed solutions for blockchain adoption by allowing market participants to help determine the potential risk of others. Coinfirm has been raising the standards of tech solutions for compliance in the blockchain and financial ecosystem through their AML/CTF Platform. The platform delivered a solution for AML/CTF needs for cryptocurrency and …
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Additional Chinese Bitcoin Exchanges Weigh In On AML Changes And Withdrawal Delays

It would appear the woes for Chinese bitcoin exchanges around the world are far from over. A few companies have issued official statements indicating how changes will be made to their bitcoin withdrawal system. Thankfully, none of these changes seem to affect things in a negative way, albeit the delays will cause some friction among cryptocurrency users. All things considered, this list of exchanges is doing things the right way, …
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Bitcoin Price Rebounds Swiftly Post PBOC Threats

An unexpected panic hit the Bitcoin markets yesterday as the bears made their presence known. After reports of PBOC holding a closed door meeting supposedly discussing AML issues with Bitcoin exchanges, the price dropped 5% as traders shorted the market. The PBOC recently conducted a closed-door meeting regarding further regulation of Chinese Bitcoin exchanges. They released a statement regarding their meeting which described the usual guidelines for exhcanges. They shouldn’t …
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