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Op-ed: Blockchain for ID and data safety: Right position, right time

[ad_1] The international is considering blockchain-based decentralised data control. But it might nonetheless cross too a ways. “We were having trouble moving money out of Brazil into China,” Bruce Silcoff defined. “I was explaining my problem, and one guy say “you have to meet this man Joseph Weinberg, who is …

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To blockchain: $700m CBA fine is just a normal part of AML/KYC today

[ad_1] The biggest civil penalty in Australian company historical past is just every other day on the administrative center. On four June, AUSTRAC (Australian Transaction Reports and Analysis Centre) and Commonwealth Bank (CBA) agreed at the biggest civil penalty in Australian company historical past, touchdown the financial institution with a …

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Bank KYC/AML compliance is damaged. Blockchain can fix it

[ad_1] Not best is decentralisation the most efficient resolution. It may well be the one resolution. One of the least-sustainable tendencies in current monetary products and services is hidden away within the background. Compliance prices, which refers to the price of dealing with criminal duties reminiscent of KYC/AML, are a …

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Bermuda set to pass world-first cryptocurrency regulations

[ad_1] Bermuda’s Virtual Currency Business Act was once sparsely designed to be a world type for crypto law. The final 12 months has noticed cryptocurrency arrive on nationwide agendas world wide, with some countries doing their best to push it away and others leaping up to take merit, and vie …

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OECD consultant: Cryptocurrency exchanges over-regulate themselves

[ad_1] Legal ambiguity has cryptocurrency exchanges strictly self-regulating extra successfully than many banks. Cryptocurrency exchanges were doing above-par due diligence, says Joseph Weinberg, a distinct adviser to the multinational Organisation for Economic Co-operation and Development (OECD) suppose tank, and chairman of the Shyft Network, which specializes in making improvements to …

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