User Profiling Can Help Regulators Identify Illegal Crypto Activity, Says FATF
The international watchdog has recommended comparing users' age and wealth with their crypto transactions to identify possible criminal activity. Source
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Identify
An Identity Layer for the Web Would Identify Us Everywhere
This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Elizabeth M. Renieris is the Founder of hackylawyER, a fellow at the Berkman Klein Center for Internet & Society at Harvard and an expert
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Coinbase Secures Patent for System to Identify Non-Compliant Accounts
Major American cryptocurrency exchange Coinbase has been awarded a patent for a system that identifies and flags non-compliant accounts.A filing with the United States Patent and Trademark Office on Nov. 19 details a system containing a scoring model that “determines a compliance score for each one of the accounts
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Bittrex to Use Chainalysis Tool to Identify High-Risk Transactions
Cryptocurrency exchange Bittrex is incorporating Chainalysis know your transaction (KYT) tool to spot high-risk transactions.Compliance standardsIn a Sept. 26 press release, Chainalysis Inc. announced the deployment of its real-time transaction monitoring solution to the Seattle-based blockchain trading platform Bittrex.In an attempt to meet “new and existing regulatory and compliance
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