July 23, 2024
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Latest News

Hayes and Delo, the creators of BitMEX, were fined $10 million each after pleading guilty to anti-money laundering offenses

The U.S. Attorney’s Office in Manhattan said on Thursday that BitMEX founders Arthur Hayes and Benjamin Delo had pled guilty to violating the Bank Secrecy Act’s anti-money-laundering provisions. Hayes and Delo will each pay a fine of $10 million under the terms of the plea bargain. The Department of Justice and the Commodity Futures Trading

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Blockchain News

CoolBitX Finds Solution For Financial Action Task Force

CoolBitx Was launched in 2014 to create a wallet that was not only secure, but also very portable and user-friendly. According to its official website, it was built on the same technology that Smart Displayer had perfected. Now, in a major move the FinTech company is trying to evolve and find a solution for the

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Blockchain News

Romania: Formulates a direction towards Blockchain and Crypto Regulation

In Romania, the European Union’s 5AMLD has stood to acquire as the initial requirement of real currencies, crypto-wallets and fiat-crypto exchange platforms.  As in the range of money laundering, terrorist financing and tax evasion the European Union and the European Central Bank preferred to develop a unitary legal framework that limits the obscurity of cryptocurrency

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Blockchain News

Exec Explains, Expanding AML/KYC Compliance Will Stood As Contractor

As for AML and KYC, strengthening compliance would be a great contrast for crypto companies, according to Trulioo According to identity verification supplier Trulioo, the proficiency to assess records and abide by anti-money laundering (AML) and know-your-customer (KYC) conditions is presently a contractor for crypto businesses. As crypto thresholds several frontiers, those who aspire to

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Blockchain News

Licensing of Analytics Platform to Gov’t Agencies, Upheld by Coinbase CEO

Analytics platform stood as a sign in order to acknowledge  AML rules and hardly privacy coins can renounce true privacy, according to coinbase CEO. Coinbase upheld the licensing of analytics software explaining that if people preferred privacy, then the privacy coins were roughly suitable. Brian Armstrong, the coinbase CEO twitter,  addressing Coinbase Analytics and the

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Blockchain News

Sri Lanka Central Bank Shortlists Firms To Develop Blockchain PoC

The Central bank in Sri Lanka has enlisted three firms to develop a proof-of-concept (PoC) for a shared Know Your Customer (KYC) facility using blockchain. It is understood that the foundation to the project was laid in 2019, according to a report from Sri Lankan daily Mirror. The central bank is now looking to establish

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