Bitcoin Born

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Coinbase proposes crypto tech to advertise world sanctions compliance

On March 7, 2022 By John Davidson In AML, coinbase, Cryptocurrencies, Regulation, Russia, Sanctions, Ukraine, united states

The US-based crypto trade Coinbase has proposed using cryptocurrencies to assist guarantee compliance with financial sanctions. The advice comes together with highlighting the convenience of laundering and sanction evasion of fiat currencies made doable by …

What the launch of the FBI crypto process drive means for the digital asset area

On February 28, 2022 By John Davidson In AML, Bitcoin Regulation, fbi, Government, Law, Regulation, US Government, USA

On Feb. 17, United States Deputy Lawyer Normal Lisa Monaco introduced on the Munich Cyber Safety Convention the formation of the brand new process drive “devoted to cryptocurrency” throughout the Federal Bureau of Investigation (FBI). …

According to reports, EU member states plan to establish an AML Watchdog that will oversee crypto companies by 2024

On February 23, 2022 By John Davidson In AML, Bitcoin Regulation, Cryptocurrency Exchange, Europe, european union, Regulation

In coordination with other authorities the European Commission reportedly intends to allow its financial watchdog group to potentially monitor illicit transactions at cryptocurrency firms. According to a Tuesday Bloomberg report, a group of European Union …

Uphold registers as a crypto-asset business in the UK after approval of FCA

On February 23, 2022 By John Davidson In AML, Cryptocurrency Exchange, Regulation, UK Government, Uphold

An approval has been given by the Financial Conduct Authority of the United Kingdom (FCA), to a European affiliate of Uphold, a crypto trading platform based in the United States. According to the FCA website, …

Making sense of the Bitfinex Bitcoin billions

On February 16, 2022 By John Davidson In AML, bitfinex, department of justice, hacks, Netflix, Regulation, Twitter, US Government

It’s the Netflix script that wrote itself. A narrative so outlandish, it’s shocked the crypto group; an trade accustomed to obvious suicides in Spanish jail cells and nonfungible token auctions for useless rappers. The plot …

Laundering by way of digital photos? A brand new twist within the regulatory dialogue round NFTs

On February 12, 2022 By John Davidson In AML, Art, Bitcoin Regulation, Cointelegraph NFT, Digital Asset, digital currency, KYC, Money Laundering, Regulation, united states, US Government

On Feb. 6, the US Division of the Treasury launched a report below the headline “Examine of the facilitation of cash laundering and terror finance via the commerce in artistic endeavors.” The truth is, solely …

Chainalysis finds NFT traders most unprofitable

On February 6, 2022 By John Davidson In AML, Analysis, Crimes, Fraud, Regulation, Report, Scams

The nonfungible tokens NFT (nonfungible tokens) have seen a great success and have increased cryptocurrency adoption. According to Chainalysis, NFT popularity is expected to rise in 2021 according the blockchain analysis company. Chainalysis’ “NFT Market …

Decentralization: How can it be controlled in Europe?

On January 22, 2022 By John Davidson In AML, Europe, european union, Government, KYC, Regulation, Technology, united states

Decentralized finance, also known as DeFi, is a form of new blockchain technology. DeFi-related projects accounted for $237 billion as of January 20, 2022. These projects are being monitored by regulators. This article will discuss …