Category: AML

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Japanese Police Reveal 669 Money Laundering Cases Tied to Local Exchanges

Just recently Japanese investigators revealed they had obtained 669 reports concerning “suspected money laundering” tied to cryptocurrency transactions and domestic digital currency trading platforms. The linked data was derived from investigations spurred by the recent transaction reporting statutes...

Austria Wants to Regulate Bitcoin like Gold and Derivatives

Austria Finance Minister Hartwig Löger is urging both his country and the broader European Union to treat cryptocurrencies such as bitcoin in a regulatory fashion as they do now with regard to gold and derivatives. Also read: How To...

Sneak Peek: Mexico’s Regulations for Crypto Exchanges Expected in ‘Weeks’

Mexico’s bill to regulate fintech institutions including cryptocurrency exchanges is expected to become law within “weeks,” according to local crypto exchange ISBIT. Daniel Luévano, the exchange’s director of operations, shared with news.Bitcoin.com what to expect from the new...

Bitmex Research: Tether Not a Ponzi But Susceptible to Shutdown

The research arm of Bitmex exchange is back with another detailed and wide-ranging investigation. This time it’s Tether, the company and its U.S. dollar-backed token that frequently comes in for scrutiny. A typically well-researched post outlines whether there’s...

Switzerland Enacts ICO Guidelines

Just days before the tiny nation of Gibraltar was said to draft their first initial coin offering (ICO) regulations, Financial Market Supervisory Authority (FINMA) of Switzerland appears to have stolen its thunder in an eleven page document published...

SEC to Focus on Cryptocurrency and ICO Fraud as Top Priority

The financial inspectors of the SEC publish their top priorities at the beginning of every year in an effort to improve compliance, prevent fraud, monitor risk, and inform regulatory policy. This year, tacking fraud in the ICO and...

Thai Government Cannot Stop Crypto Use – Regulatory Framework Expected in a Month

Thailand’s financial agencies have agreed that regulators cannot stop the use of cryptocurrencies within the country. The relevant ministries will meet and discuss the regulatory framework for digital currencies and initial coin offerings, which is expected to be finalized...

Phony PBOC Email Sent to U.S. Media Aimed to Manipulate BTC Price

According to reports on Tuesday, a large quantity of U.S. media outlets were sent an email from an individual claiming to be a representative of the People’s Bank of China (PBOC). The message contained a phony invitation to...

Most Crypto Traders in South Korea Remain Anonymous Despite Regulations

Most cryptocurrency investors in South Korea remain anonymous without moving their accounts to the government-mandated real-name system. So far, less than 10% of crypto traders have converted their virtual accounts into real-name ones. Also read: Japan’s DMM Bitcoin Exchange...