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.

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.

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.

British crypto traders are dissatisfied with the current situation on the financial market. They asked the government and the Financial Conduct Authority (FCA) to enact tougher rules for the trade of virtual coins and to certify crypto exchanges that show compliance.

January 31, 2018 - Leading token sale advisory firm TokenMarket has supported Coinfirm, a global RegTech enterprise focused on anti-money laundering for Blockchain, to sell $19 million worth of AMLT Tokens.

Ignite is pleased to announce its engagement with Coinfirm and its AML/CTF Platform. Coinfirm will ensure that Ignite will stay fully compliant with AML regulation during its ICO commencing at 18:00 UTC on 15th January.

Ruth Wandhofer possess a unique position to influence the compliant adoption of blockchain and cryptoassets as she bridges two worlds in her roles at a traditional multinational corporation, Citigroup, and the blockchain regtech startup Coinfirm.

Coinfirm to help Quanta develop strict anti-money laundering and counter-terrorism financing prevention methods and streamline compliance processes through the Coinfirm AML/CTF Platform  

Set to bring smart contracts and new scalability to bitcoin, RSK has partnered with Coinfirm and brought it into its federation to address AML/CTF through the team's expertise and recognized blockchain AML/CTF Platform.