AML

Bitcoin Dealer Sentenced to Two Years in Prison and Ordered to Forfeit Ill-Gotten Gains

On April 8, 2019, Jacob Burrell Campos of Rosarito, Mexico, was sentenced to two years in prison and to forfeit USD 823,357 in illicit profits for operating an unlicensed money

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AML, Criminal, KYC, Money Transmitter, US

New York State Denies Bittrex Request for BitLicense

We have previously written about New York’s BitLicense regulations, which prohibit companies from engaging in “virtual currency business activity” in New York, or with New York residents, without a license.  Bittrex,

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AML, BitLicense, Cryptocurrency, New York

Foreign Trading Platform and Its CEO to Pay $990,000 for Illegal Bitcoin-Related Transactions with U.S. Customers

On March 11, 2019, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had entered into a Consent Order resolving a CFTC action against 1pool Ltd., located in the

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AML, CFTC, FCM, SEC, US

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

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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

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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

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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

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