Auto Added by WPeMatico

Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’

On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an…

Continue ReadingCoinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’

Amex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics Platform

American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of…

Continue ReadingAmex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics Platform

British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes

The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report…

Continue ReadingBritish Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes

Dapper Labs Partners With Chainalysis to Curb NFT-Based Money Laundering

Dapper Labs, one of the most successful companies in the NFT space, has partnered with Chainalysis, a blockchain intelligence company, to increase its compliance profile in the NFT business. The…

Continue ReadingDapper Labs Partners With Chainalysis to Curb NFT-Based Money Laundering

Binance Makes Regulatory Compliance Top Priority as the Crypto Exchange Pivots Into Financial Services Company

Global cryptocurrency exchange Binance has made regulatory compliance its top priority. The exchange is on a hiring spree to “significantly” add to its compliance and legal teams. “We are going…

Continue ReadingBinance Makes Regulatory Compliance Top Priority as the Crypto Exchange Pivots Into Financial Services Company

Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations

U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary…

Continue ReadingCrypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations