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

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

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 rising …

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Bermuda set to pass world-first cryptocurrency regulations

Will Litecoin and Monero merge?

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 for …

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OECD consultant: Cryptocurrency exchanges over-regulate themselves

OECD consultant: Cryptocurrency exchanges over-regulate themselves

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 the …

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