AML

In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

The Financial Crimes Enforcement Network (FinCEN) has for the first time penalized what it dubs a “peer-to-peer cryptocurrency exchanger” for…

Lithuania to Adopt Crypto Regulations Even Stricter Than the EU’s

Lithuania, one of the Baltic tigers that has in past few years demonstrated it doesn’t shy away from new technologies…

VC Firm Ben Franklin Technology Partners Tokenizes Philadelphia Investment Fund

State-backed venture capital (VC) firm Ben Franklin Technology Partners has rolled out a blockchain-based onboarding and tokenization platform. The development…

Cryptos Struggle With Mass Adoption in Pakistan

Almost a year after a blanket ban on cryptocurrencies, Pakistan has come a long way in its attitude toward the…

Binance Partners With Blockchain Analytics Company CipherTrace to Enhance AML

The world’s third-top cryptocurrency exchange by adjusted volume, Binance, announced that it has partnered with blockchain analytics company CipherTrace. The…

Binance Partners With CipherTrace in Latest Compliance Push

Malta-based cryptocurrency exchange Binance is embarking on a multi-pronged push to boost compliance procedures across its platform. To that end,…

Michigan House of Representatives Votes to Include Cryptocurrencies in Criminal Laws

The Michigan House of Representatives has passed a bill, HB 4102, on April 9 that would include cryptocurrencies in criminal…

California Sentences Bitcoin Trader to 2 Years in Prison Over AML Compliance Failures

A LocalBitcoins trader who sold Bitcoin (BTC) to more than 1,000 people in the United States will serve two years…

Danish Man Faces Over 4 Years in Prison for Laundering $450K With Bitcoin

A 33-year old Danish man has been sentenced to four years and three months in jail for laundering over $450,000…

Lithuanian Finance Ministry to Introduce Legal Amendments for Crypto-Related Firms

The Republic of Lithuania’s Ministry of Finance plans to release legal amendments for operating crypto-related businesses in the country, Riga-based…

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