Keep you updated with latest news in blockchain industry and cryptocurrencies.
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 »
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 »
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 »
The Swiss Financial Market Supervisory Authority (FINMA) announced on February 7th 2020 in its Anti-Money Laundering Ordinance (AMLO-FINMA) that ID will be required for cryptocurrency transactions over CHF 1,000 instead of CHF 5,000, which means that FINMA acknowledged the “heightened money-laundering risks” in cryptocurrency transactions. The amended law aims to »
According to Coinmarketcap, the Tether (USDT) recently became the most traded cryptocurrency. The 24-hour trading volume of the Tether (USDT) stablecoin broke records last week: almost 10 billion higher than Bitcoin and triple of Ethereum’s volume. This is not the first time that Tether beats bitcoin. Back in May 2018, »
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 »
