AML

Japanese Financial Services Agency accredits the Japan Virtual Currency Exchange Association as a Self-Regulatory Organization

On October 24, 2018, the Japanese Financial Services Agency (JFSA) accredited the Japan Virtual Currency Exchange Association (JVCEA, established in March 2018) as a self-regulatory organization under the Payment Services

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AML, Cryptocurrency, ICO, Japan

Report Shows Underbelly of Cryptocurrency Money Laundering

On October 10, CipherTrace – a developer of cryptocurrency AML, bitcoin forensics, and blockchain threat solutions – released its Cryptocurrency Anti-Money Laundering Report – Q3 2018 (the “Report”).  The Report

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AML, Cryptocurrency, Money Laundering, US

Swiss Blockchain-based Businesses Must Consider AML and Licensing Requirements

During 2017, the issue that probably got the most attention for companies raising capital through initial coin offerings (ICOs) was whether tokens constitute securities.  However, governmental agencies and regulators, particularly

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AML, Banking, FINMA, ICO, Switzerland

Swiss Bankers Association Publishes Guidelines Intended to Maintain Switzerland’s Blockchain Friendly Status

Switzerland often ranks among the most friendly and accommodating countries for blockchain-based companies to conduct their initial coin or token offering (“ICO”). Indeed, recent estimates are that more than 530

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AML, Banking, ICO, Switzerland

UK Crypto Task Force Calls For Regulation

In February 2018, the UK Treasury Committee launched an inquiry into digital currencies.  In the course of its inquiry the

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AML, Cryptocurrency, FCA, ICO, UK

European Banking Authority Outlines Risks And Opportunities Arising From DLT

On 3 July 2018, the European Banking Authority (EBA) published a report outlining the prudential risks and opportunities arising from

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AML, EU, Smart Contracts, Use Case

Lithuania Issues ICO guidelines

Lithuania becomes the latest jurisdiction to release guidance in relation to ICOs. On 8 June 2018, the Lithuanian Government released

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AML, Cryptocurrency, ICO, Lithuania, Securities, Tax

U.S. Government to Include Digital Currency Addresses on List of Sanctioned Parties

What’s changed The U.S. Government is considering adding digital currency addresses affiliated with individuals and entities identified to the List

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AML, Cryptocurrency, OFAC, US

Public Consultation Open for Draft Cryptocurrency Anti-money Laundering Rules in Australia

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has recently published draft anti-money laundering and counter-terrorism financing rules (AML/CTF Rules)

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AML, Australia, Cryptocurrency

Swiss Regulator Issues Clear Guidelines for ICOs

In an effort to create clarity for market participants, the Swiss Financial Market Supervisory Authority FINMA published guidelines, on Friday,

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AML, ICO, Switzerland

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