Crypto business in Estonia: 3 months left to comply with new law

The amendments to the Money Laundering and Terrorist Financing Prevention Act (MLTFPA) in Estonia were adopted by the Estonian parliament on 11 December 2019, and entered into force on March 10th 2020.  Who is concerned?  The Act aims to provide more transparency in business activities and involve cryptocurrency activities. These »

Can Exchange Platforms Trade Surveillance data reflect the COVID-19 crisis?

As part of providing risk aml solutions for cryptocurrency assets, at Scorechain we also provide trading information looking at services and exchanges inflows and outflows. Let’s have a look at this notable correlation between the ongoing Covid-19 crisis, Bitcoin price and exchanges on-chain trades. Can the recent event related to »

Only 1 month left to share your comments on the Basel Committee consultation paper

The actors of the crypto-assets ecosystem and financial institutions have only one-month remaining to send their comments and answers to the Basel Committee.  The initiative invites stakeholders to share feedback on crypto-assets treatment. Last December, the BIS (Bank for International Settlements) published a discussion paper1 that aims to design a »

Regulations in the development of the crypto ecosystem

On the 19th of June 2018,  the Fifth Anti-Money Laundering Directive (“MLD5”) was published in the European Union’s Official Journal. The MLD5 brings now virtual currency service activities within the scope of the EU anti-money laundering and terrorist financing regulations (AML/CTF). It applies to providers engaged in exchange services between »