Spanish Officials: AML Regulations Lack Bitcoin ATM Guidelines

Spanish law enforcement officials claim that there are issues with European anti money laundering (AML) regulations after finding that bitcoin ATMs are being used by criminal organizations, according to Bloomberg.  The AML regulations, which were released in July 2018, are set to be executed next year by the European Commission. However, Europol and Spain’s Civil…

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Canadian Government Releases Final AML Regulations for Crypto Businesses

Aware of growing public concern about money laundering and terrorist financing, the government of Canada introduced its final anti-money laundering (AML) regulations today, July 10, 2019. These rules will impact Canadian crypto businesses, including exchanges, digital platforms, custodial wallets, ICOs, utility and gaming tokens, escrow services and possibly bitcoin ATMs. The title of the new…

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Op Ed: The Latest on FINRA and SEC Security Token and Custody Rules

On July 8, 2019, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) put out a joint statement discussing broker-dealer custody of digital asset securities.  These organizations aspire to address compliance issues faced by companies wishing to transact in “digital asset securities” (any kind of asset that is issued and…

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Lightning’s Latest: Zap Mainnet, LND v0.7-Beta and Casa Mobile App

The Lightning Network is developing faster than the elemental speed intrinsic to its name. Each week, it seems, brings not just one but multiple announcements from the leaders driving Lightning innovation, from wallet releases to network tools and implementation improvements. While not every incremental improvement or addition is worth dissecting, we would be remiss if…

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FATF Guidelines and What They Get Wrong About Bitcoin

In this episode, Dave discusses the new Financial Action Task Force (FATF) guidelines with Amsterdam-based regulatory consultant Simon Lelieveldt, who argues that these guidelines are disproportionate, technically unsound and uneconomic. At the crux of this topic is the difference between how Facebook’s Libra will accept regulation versus advocacy for online privacy by many in the…

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