BaFin Sees Crypto as ‘Financial Instruments’ but Shuts Down Bitcoin ATM
Just 3 days after recognizing crypto-assets as financial instruments, BaFin, Germany’s financial regulatory agency has shut down a Bitcoin ATM operator. Why would German authorities...
Austria: Crypto Firms Face €200K Fine Under New AML Directive
Crypto businesses in Austria can be fined up to 200,000 EUR (above $221,000) starting from tomorrow, if they do not operate under the country’s new licensing requirements...
Chainalysis Partners with Bitfinex for Privacy-Safe Compliance
This week, Chainalysis announced the completion of a full AML solution applied on the Bitfinex exchange. The blockchain analysis is becoming the next frontier of verification, as the...
Chainalysis Launches Investigative Software For ERC-20 Tokens
Chainalysis, a service exploring the Ethereum network, has opened a compliance tool ahead of the upcoming stricter requirements for digital asset transfers. So far, Chainalysis has...
FATF ‘Absurd’ Bitcoin Exchange Rules Will Reduce Crime, Researchers Admit
The FATF ‘Travel Rule’ that cryptocurrency proponents have described as “absurd” will result in a mass shift to compliance among Bitcoin exchanges, new data claims...
Bitcoin’s Correlation to Traditional Markets Could be Problematic, Analyst
Author and financial analyst, Timothy Peterson, believes that Bitcoin’s growing correlation to Japan’s MSCI could end badly if traditional markets sharply correct. Bitcoin...
Bitcoin Back In G20 Spotlight As Industry Meets FATF Over Data Demands
Cryptocurrency exchanges will meet with the regulators who want to treat them like banks at the upcoming G20 Summit – but Bitcoin price has already shaken off concerns. FATF...
‘Totally Absurd’ – New FATF Rules To Turn Bitcoin Exchanges Into Banks
Intergovernmental body the Financial Action Task Force (FATF) has committed to making 200 countries treat cryptocurrency exchanges like banks. FATF Among ‘Biggest Threats’...
Financial Action Task Force Calls For Stricter Regulation of Virtual Asset Service Providers
The Financial Action Task Force (FATF) — an intergovernmental organization founded to develop policies against money laundering and terrorism financing — is even more squarely...
$1.7B Stolen in 2018 – Cryptocurrency Theft Skyrockets as Prices Dropped
According to the Q4 Cryptocurrency Anti-Money Laundering report by CipherTrace blockchain intelligence agency, criminals stole a massive $1.7 billion of cryptocurrency last year...
G20 Summit: We Will Regulate Cryptocurrencies ‘In Line with FATF Standards’
G20 countries have agreed to regulate cryptocurrencies in line with Financial Action Task Force (FATF) standards at the second session of the summit held in Buenos Aires, Argentina...
Circle CEO Urges for Globally Coordinated Cryptocurrency Regulations
The CEO of investment application Circle has urged national regulators to develop coordinated legislation for the field of cryptocurrencies. The move follows the FATF decision to issue...