• Post-election crypto regulation
    SEC Commissioner Hester Peirce hopes better crypto regulation is coming post-election (Photo: Leo Jakobson)
    Cryptocurrencies,  Regulation

    SEC’s Hester Peirce: Post-election crypto regulation needed

    From stablecoins to decentralized exchanges, regulators are struggling to regulate a moving target said the SEC Commissioner known as “Crypto-Mom”

    October 16, 2020 /

    One concern that the agency has with the regulation of cryptocurrency assets is that while promoters stress the advantages they bring by eliminating intermediaries, securities regulators have long worked with intermediaries in functions such as anti-money-laundering and are comfortable with them.

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  • bitMEX hires compliance officer
    You'll be shocked—shocked!—to learn that BitMEX has brought in a compliance expert
    Regulation,  United States

    BitMEX hires chief compliance officer following U.S. money laundering charges

    Notably, the new compliance officer is expected to bring expertise on the Financial Action Task Force’s recommendations for virtual asset service providers

    October 12, 2020 /

    Global Digital Finance’s Anti-Money Laundering Working Group advisory council Malcolm Wright is now the chief compliance officer of troubled crypto derivatives exchange’s BitMEX operator.

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  • FinCEN bank warning crypto
    Two Treasury Department agencies are sending mixed messages to banks supporting cryptocurrency (Photo: Pixabay)
    Cryptocurrencies,  Politics,  Regulation

    FinCEN’s mixed message on banks and crypto

    Financial Crimes Enforcement Network Director Kenneth Blanco’s warning that banks can expect tough questions about cryptocurrencies comes in the wake of other Treasury Department rulings encouraging custody service for crypto and stablecoins

    September 30, 2020 /

    Taken together, the encouraging letter from acting Comptroller of the Currency Brian Brooks and stark warning from Financial Crimes Enforcement Network Director Kenneth Blanco present a very mixed message to banks and other financial institutions. Both agencies are part of the U.S. Treasury Department.

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  • Crypto Must-Reads
    Figuratively speaking, don't trust Jack Abramoff with a hamburger, much less with your anti-money laundering crypto startup. (Photo: Wikipedia)
    Cryptocurrencies,  Education

    Crypto Must-Reads for June 26, 2020

    These Are the Crypto Stories You Should Be Following: Is Greyscale cornering BTC; will governments ban “real money” crypto; A malware botnet is getting its marching orders from messages hidden in the Bitcoin blockchain; AML BitCoin creator busted for… wait for it… money laundering!

    June 26, 2020 /

    Crypto investment firm Grayscale has accumulated 3.4% of all bitcoins and is still buying voraciously, leading to concerns it will corner the market. Jim Rogers, a one-time George Soros partner, thinks governments will drive crypto underground if they become widely usable as cash, and current Jack Abramoff partner is finding out the hard way not to work on anti-money laundering tech (AML BitCoin in this case) with someone convicted of fraud and corruption. The Glupteba bot-net doesn’t get instruction directly, but by scanning Bitcoin’s blockchain for hidden clues.

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