• CipherTrace Bankers worried AML
    Cryptocurrencies,  Regulation

    CipherTrace: Bankers worried by inability to detect crypto payments

    With growing legal and regulatory attention on anti-money-laundering laws, the blockchain intelligence firm found 80% of bankers fear sanction violations

    The IRS, FBI and other U.S. law enforcement agencies may be trumpeting their success in breaking up everything from child porn rings to al-Qaeda funders, but bankers are not so confident in their ability to even detect crypto-related transactions.

  • Voyager Digital merges LGO
    Cryptocurrencies

    Voyager Digital is merging its way into Europe

    The crypto asset broker is swallowing institutional client-focused European cryptocurrency exchange LGO and its French VASP license

    By joining up with LGO, one of the largest institutional-focused cryptocurrency businesses in Europe, Voyager gains access to its virtual asset service provider (VASP) registration with the French financial markets regulator AMF. As well as its more than 60 institutional clients, of course.

  • crypto money launderer's haven
    Cryptocurrencies,  Regulation

    Crypto still a money launderer’s haven: CipherTrace report

    According to the blockchain intelligence firm, 56% of all crypto firms ‘have weak or porous know-your customer processes, meaning money launderers can use’ their services

    More than half of all cryptocurrency exchanges are so lax about making customers prove their identity that they can be considered money-launderer friendly.