The Regulatory Contemporary & Bilding Compliant Blockchain Solutions
After nearly 10 years of exploration of blockchain technology, we are at the pinnacle of innovation, with a range of major corporations to small businesses exploring blockchain opportunities and use-cases to cut costs and add value throughout the business process. However, these recent developments have equally attracted interest from regulators across continents; prominent amongst them being Europe.
FinCEN Regulation vs. LocalBitcoins’ Portable Bitcoin ATM
The Portable Bitcoin ATM presented by LocalBitcoins in October 2016, may cause MSB compliance issues. In a conversation with CoinIdol.com, Anti-Money Laundering specialist Joe Ciccolo advised potential consumers to heed four warnings before they begin doing business with the portable Bitcoin ATM (BTM).