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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CoinTelegraph has assembled a research report on the regulatory environment for cryptocurrency across the globe. Already in 2015, we have seen many attempts at regulating new forms of digital currencies by various governments and jurisdictions, and we’d like to highlight the general trends and outlook for the readers. Below is the second half of the report that focuses on business compliance, consumer protection and the general trends for the future. A lot has been said regarding regulation of money service businesses (MSBs) across international jurisdictions. While often seen as a threat....
At VAF Compliance a team of experts is ready to help with all of your virtual assets compliance needs. Connect with VAF today; the leading virtual assets compliance company serving the Middle East and customers worldwide. What Is VAF Compliance? The crypto, NFT and metaverse spaces are hot and buzzing, with innovative products launched almost daily. Whilst having an industry swept with technological advancements is good, it is also necessary to ensure that the digital assets and the teams behind them are compliant. Being compliant in this sector means that organizations and investors can....
Compliance chief Malcolm Wright led the development of BitMEX’s data storage principles for crypto exchanges.