Thursday, January 23, 2020
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Why Compliance Is the Biggest Team at Bitcoin ATM Startup Coinsource

Coinsource, a well-known bitcoin ATM company, purchased a booth at this year's Consumer Electronics Show (CES) in Las Vegas. Given increased interest from the IRS in bitcoin ATMs, we were especially curious about how users reacted when Coinsource increased its know-your-customer (KYC) requirements."Our compliance department is actually the largest department

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UK Financial Watchdog FCA Now Supervises AML/CTF Compliance of Crypto Businesses

Britain’s Financial Conduct Authority (FCA) now monitors anti-money laundering (AML) and counter terrorist financing (CTF) for companies carrying out cryptocurrency-related activities.According to an official announcement published on Jan. 10, FCA will supervise whether United Kingdom-registered businesses engaged in crypto asset-related operations are compliant with relevant regulations and requirements.List of

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ETF Giant Leads $17.7M Series A for Blockchain Compliance Startup

One of the world’s largest exchange-traded fund (ETF) providers is leading a $17.65 million investment in blockchain compliance startup Securrency.WisdomTree was the lead investor in the $17.65 million Series A funding round announced Tuesday. Other investors include the state-backed Abu Dhabi Investment Office (ADIO), Japanese financial services giant Monex Group

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US SEC Prioritizes Crypto Compliance in 2020, But Hints at Kinder Gentler Approach

The United States Securities Exchange Commission continues to scrutinize crypto as its compliance office adds fintech and digital assets to its annual priorities list.Per a Jan. 7 announcement from the SEC’s Office of Compliance Inspections and Examinations (OCIE), the agency has put new financial technologies including digital assets among

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Denmark’s Tax Agency Is Sending Tax Compliance Letters to Crypto Users

Denmark-based cryptocurrency users have begun receiving letters from the Danish tax agency, Skattestyrelsen (Skat), requesting that traders provide a full background of all their cryptocurrency transactions, sources informed Cointelegraph on Dec. 10.In its letters, Skat specifically asked crypto users to provide information about profits and losses for fiscal years

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