Compliance

Mar 25, 2020 at 09:13
KYC and AML Compliance for Crypto Exchanges. Guide 2020
The beginning of 2020 was quite stressful for most cryptocurrency exchanges. On January 10, 2020, the 5th Anti Money Laundering (AML) Directive took effect. Some platforms announced their closure, while some threw all their strength into the struggle to meet the new requirements. This article will tell you how to win this battle.
Mar 01, 2020 at 11:46
United States Tax Agency Wants Cryptocurrency Holders to Pay Taxes
US Tax body Internal Revenue Services (IRS) is demanding that American Citizens who hold cryptocurrency deposits in their wallets be taxed. The tax agency sent warning letters to more than 10,000 cryptocurrency holders over failure to pay appropriate taxes or falsifying taxable income.
Jul 05, 2019 at 12:15
Malta Fights Cryptocurrency & Financial Crimes
With the alarmingly increasing rate of illicit activities associated with cryptocurrencies including Bitcoin, the Maltese government, through a Financial Crime team created by the MFSA, a monetary regulator, has decided to up its game by reinforcing inspection and compliance in order to combat the challenge of financial crime. With this result, the MFSA’s existing resources have been increased by a newly established team offered by FTI Consulting, a multinational business consultancy company based in the United States (US).
Feb 13, 2019 at 13:14
Blockchain in Italy: Banking Institutions Switch to Fintech
The financial banking institutions in Italy must change to blockchain decisively because a conservative reaction, targeted at minimizing technological developments and limited to just meeting compliance obligations, may not guarantee endurance in the market. Carmelo Barbagallo, head of supervision in Bank of Italy, revealed on Feb 8, 2019 in Napoli, Fasi reports.
Jan 17, 2019 at 15:21
Bakkt Stretches Compliance, Risk Mgt & Treasury Operations Scope with its First Acquisition
Fresh from accomplishing its maiden funding round, Bakkt declared its first acquisition on January 14. The daughter firm of the Intercontinental Exchange (ICE) is also considering the feasibility of expanding beyond the U.S. market.
Oct 23, 2018 at 11:42
Japanese Government to Significantly Simplify Crypto Taxation
A full committee of tax experts in Japan which is responsible for giving advice to the government on taxation issues has called for the loosening of the country's digital currency tax filing process.
Jul 06, 2018 at 13:05
IRS Launches an International Fight to Achieve Cryptocurrency Tax Compliance
The United States Internal Revenue Service (IRS) is taking crypto tax compliance to the international stage, joining other major tax authorities from four nations to create a strong coalition tasked with fighting crypto-related tax crimes.
Jun 11, 2018 at 14:13
More than Half of Cryptocurrency Exchanges Have no Full KYC Compliance
Recent research examining 25 of the world’s crypto exchanges has shown that 68% of crypto exchanges are failing to comply with “Know Your Customer” (KYC) policies. Non-compliant companies have a lot of work to do as new anti-money laundering regulations will come into force next year.
May 11, 2018 at 17:36
Compliance and Credibility for P2P Lending, Meet RAD Lending
RAD Lending is announcing it’s Pre-ICO, the RAD tokens will be available to all investors, including U.S. accredited investors. The proposed RAD products include a p2p crypto-secured lending platform with revenue profit sharing, a crypto-backed card with a credit limit, digital credit scoring and credit history, and a potential decentralized blockchain-agnostic escrow service for managing security deposit across various blockchains.
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