• Huobi not regulated Seychelles
    Cryptocurrencies,  Regulation

    Where in the world is Huobi?

    The Seychelles financial regulator warned that a company that ‘appears to be affiliated’ with crypto exchange Huobi Global is not licensed in its jurisdiction

    The regulator then said it “hereby informs the public that the aforementioned IBC does not hold any license issued by the FSA to undertake such type of activity” and “is not being regulated by the FSA nor has it been in the past.”

  • Blockseer mining pool censor
    Bitcoin,  Technology

    Blockseer’s new mining pool: Compliance or censorship?

    DMG Blockchain Solutions is creating a mining pool that will filter out “nefarious” transactions using tools like the U.S. Office of Foreign Asset Control’s BTC address blacklist

    Former Monero lead maintainer Riccardo Spagni—who has 117,000 followers on his @Fluffypony Twitter account—called out Blockseer’s new mining pool for “advertising that it censors transactions as a key selling point.”

  • Kik loses SEC suit
    United States

    SEC wants big data tools for monitoring and enforcing cryptocurrency market compliance

    Move is latest series of steps by regulator to bring clarity and less confrontational approach to regulations enforcement

    The U.S. Securities and Exchange Commission wants to know if the technology to help it monitor major cryptocurrency blockchains for risk and regulatory compliance issues exists.

  • Fake Tethers under fake bitcoins.
    Bitcoin,  Tether,  United States

    Tether gets ‘Real’ chief compliance officer

    Tether makes interesting choice to make sure it’s following the law

    Embattled “stable coin” issuer Tether has finally gotten a chief compliance officer. The British Virgin Island-based company announced on Thursday that Leonardo Real will be responsible for making sure Tether is following regulations. Real was previously quality control manager at Bank of Montreal’s anti-money laundering office. Tether, along with its sister company, Bitfinex, were subpoenaed by the Commodity Futures Trading Commission in December 2017. Real is an interesting choice for Tether. A middle manager at BMO, he was an occasional contributor to ACAMS Today. For those not in the know (which is probably most people), it’s the magazine for the Association of Certified Anti-Money Laundering Specialists. With two more senior…