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Blockchain Project Cashaa Protecting Crypto Companies to Survive Fifth Money Laundering Directive and New FCA Rules in 2020

Sharing is caring!Early Blockchain and Crypto project Cashaa, has launched a new “Crypto Business/Broker” account to ensure crypto businesses/brokers are compliant with the FCA’s new rules for anti-money laundering and counter-terrorist finance and the EU Fifth Money Laundering Directive (5AMLD). “We have put our experience of dealing with hundreds of crypto

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FinCEN: Social Media Companies That Tokenize Must Follow the Law

Social media networks with crypto aspirations must guard their systems against criminal exploitation, the U.S Treasury Department's deputy fiscal crimes enforcer said at an anti-money laundering (AML) conference.In prepared remarks, Jamal El-Hindi, deputy director of the Financial Crimes Enforcement Network (FinCEN), said these “new payment technologies” need to be held

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Crypto Companies Adopt Features Similar to Banks (Only Better) to Drive Growth

Cryptocurrency exchange Deribit recently published an analysis explaining that cryptocurrency companies are racing to adopt financial services known from legacy finance. The post points out that all crypto companies, exchanges included, will soon offer users interest accounts, cost-effective ways to perform transactions, and tax services. Throughout his post, he explains

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KPMG Unveils Its 2019 Fintech100 Rankings, Bitcoin-Related Companies Slip Down

On Monday, November 18, the big-four auditing giant KPMG unveiled its ranking for the top 100 companies in FinTech for 2019. The report shows that the Chinese and Asia-Pacific regions have dominated the rankings.Alibaba‘s payments wing Ant Financial topped the 2019 FinTech100 KPMG rankings. Last year in 2018, the payments

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CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance

For better or for worse, the cryptocurrency space is coming of age. Since Bitcoin’s rise to mainstream prominence in 2015, there has been increasing recognition of digital assets from government agencies around the world. In turn, new regulations are being imposed to control the way cryptocurrency companies operate and

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World Economic Forum Teams up with Seven Mining, Metals Companies On Blockchain-Driven Supply Chain Solution

The World Economic Forum has teamed up with seven leading mining and metals companies to experiment, design and deploy blockchain solutions that will accelerate responsible sourcing and sustainability practices. advertisement Leading mining and metals companies have joined forces to accelerate responsible sourcing of raw materials with the World Economic Forum. The Mining and

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