Payback for ransomware may violate OFAC’s regulations

Issue crypto transaction in case of a ransomware attack may violate OFAC regulation This Advisory has been published following the surge of ransomware during COVID-19 pandemic License applications involving ransomware payments will be reviewed by OFAC on a case-by-case basis with a presumption of denial In case of ransomware, OFAC »

FCA: Annual Financial Crime Report to be extended; cryptoasset businesses included

This August, the Financial Conduct Authority (FCA) in the UK published a consultation paper. The paper proposes to extend the scope of firms required to provide Annual Financial Crime Report (REP-CRIM) information. It should include firms that carry on regulated activities considered to potentially have higher money laundering risk, such »

Scorechain Help Center is launched

We are happy to announce that Scorechain Help Center is live now! The goal of this Help Center is to give Scorechain Customers a quick and seamless experience when they have questions or doubts about Scorechain products and usage.  An easy-to-access Knowledge Library is available for them anytime. More than »

Crypto taxation in South Korea should be expected this autumn

Up to now, both personal (resident & non-resident) and foreign corporations in South Korea don’t pay any tax on their crypto profits under the current tax law. Back to the end of last year, the Ministry of Economy and Finance clarified that profits from individual virtual asset transactions are not »

Happy 5th Birthday to Scorechain

5 years ago, Scorechain was established in Luxembourg. It’s not so long ago but at this time Bitcoin was only 7 years old!  In 2014 when we started the project, we identified the future needs of analytics and tools for regulation and monitoring of digital assets. There was no token, »

What we know about Twitter Hack

On July 15th, Twitter Hack Scam became the focus of the day. The attackers had access to 130 accounts and used 45 of these to ask the public to send bitcoin.1 Many high-profile personal and company accounts such as Bill Gates, Joe Biden, Barack Obama, Jeff Bezos, Apple and Uber »

Entretien avec Pierre GERARD, CEO de Scorechain par Finyear

Pierre GERARD, Scorechain CEO, was recently interviewed by Finyear, a French online daily dedicated to Future Finance, financial innovation, digital finance and decentralized finance: https://www.finyear.com/Pierre-GERARD-CEO-Scorechain_a42676.html Pierre GERARD, bonjour, vous êtes CEO de Scorechain, présentez-nous votre société SVP. Scorechain est une société spécialisée dans le traçage des transactions et dans l’analyse »