Chainalysis: Binance, Huobi, other Major Exchanges Used to Transfer $2.8 Billion in Bitcoin to Criminals in 2019

January 16, 2020 @ 9:58 am By Omar Faridi |

Chainalysis, a leading blockchain analytics and cybersecurity firm, revealed on January 15, 2020 that it had managed to trace $2.8 billion in Bitcoin (BTC) being transferred to criminals via cryptocurrency exchanges in 2019, with the vast majority of these transactions going through Binance and Huobi,… Read More

Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged aml, binance, chainalysis, crypto otc, crypto-assets, digital assets, huobi, illicit activities, kyc, money laundering, otc trading, Samuel Lim

Ukraine’s Government Approves Final Draft of New Anti-Money Laundering Laws that Apply to Virtual Assets

December 8, 2019 @ 6:26 pm By Omar Faridi |

Ukraine’s government has reportedly approved the nation’s final draft of a new money laundering law that applies to virtual assets (or cryptocurrencies) and virtual asset service providers (VASPs), according to the Financial Action Task Force (FATF) guidelines. The Rada, the country’s legislative body, released a… Read More

Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged aml, cryptocurrency transactions, fatf, financial crimes, illicit activities, money laundering, ukraine, vasps, virtual asset service providers