Coinnections Introduces AML and KYC Compliance for Bitcoin MSBs

Coinnections Introduces AML and KYC Compliance for Bitcoin MSBs

Georgia-based SaaS technology company Coinnections has announced the launch of a beta of its AML and KYC compliance software for Bitcoin MSBs (money services businesses), such as cryptocurrency exchanges, Bitcoin ATMs and brokers. According to the official press release, beta testers will gain early access and a half hour of free compliance consulting with BitAML. FinCEN regulations require that MSBs develop and implement an anti-money laundering compliance system. Bitcoin compliance expert Joe Ciccolo was quoted as saying, "We are very excited about the potential for the Coinnections....


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