Compliance

Dubai, United Arab Emirates, September 30th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce the appointment of Robert MacDonald as the new Chief Legal & Compliance Officer. With a distinguished career spanning both the public sector and traditional finance, Robert brings a wealth of expertise in regulatory compliance and combating financial crime, reinforcing Bybit’s commitment to legal integrity, principled compliance, and robust governance. Robert’s leadership will be instrumental in paving a sustainable and responsible…

In the past several years, the global crypto Anti-Money Laundering (AML) compliance solutions market has grown remarkably, reaching $686.89 million in 2023. As Verified Market Research reports, this sector is expected to surpass $1 billion by 2025, with a projected compound annual CAGR of 17.6% from 2024 to 2031. Such a swift expansion reflects the increasing mainstream adoption of crypto and the critical need for robust AML compliance solutions to combat illicit activities in the space. As cryptocurrencies integrate into…

Circle becomes the first global stablecoin issuer compliant with EU’s MiCA regulations for USDC and EURC. MiCA framework sets rigorous standards ensuring USDC and EURC’s legality as electronic money in Europe. Circle has made a groundbreaking announcement today, July 1st, marking a significant milestone in the financial landscape. The company has become the first global stablecoin issuer to comply with the new EU regulations, specifically the Markets in Crypto Assets (MiCA) framework. This development allows Circle to officially issue both…

IOTA-based TLIP is revolutionizing trade between the EU and the UK post-Brexit, allowing trading partners to share data in real-time and cut their administrative costs. In one case study, UK logistics firm Mobius has been leveraging TLIP to ship poultry from Poland to the UK, creating a digital pipeline that combines consignment and transport info for all key stakeholders. A lot has been said about the UK’s exit from the EU, including studies that have found Brexit costs the UK…

Tallinn, Estonia, June 4th, 2024, Chainwire SwissBorg, a leading European cryptocurrency investment platform, is proud to announce its full compliance with the Financial Conduct Authority's (FCA) stringent rules on financial promotions in the UK. One of a few cryptocurrency platforms to ensure such compliance in the UK, SwissBorg ensures that UK users are equipped with the necessary knowledge and skills to navigate the world of cryptocurrency investments. SwissBorg has implemented robust measures to comply with the UK's financial promotions regulation,…

The post Arritech Launches QGen Online 2.0 – A Break-Through for Risk Compliance appeared first on Coinpedia Fintech News Compliance as a process is a topic often in the shadow of major news. However, identity checks are a critical part of doing business securely and reducing risk. For most businesses, when considering compliance, top of mind are painful implementations, time-consuming submissions, and costly administrative tasks. Arritech, launches QGen Online 2.0, the transformative risk management platform that leverages AI technologies such as…

Grand Cayman, Cayman Islands, May 16th, 2024, Chainwire With the launch of Netki’s DeFi Sentinel on Sui, protocol developers can opt to screen transactions before finalization on the blockchain, easing a significant compliance burden Today, Netki, a digital identity verification leader, announced the launch of their pioneering compliance oracle – DeFi Sentinel – on Sui, the Layer 1 blockchain and smart contract platform. The integration introduces an essential tool for developers that automates compliance within their protocols, allowing them to…

[PRESS RELEASE – Willemstad, Curaçao, April 22nd, 2024] BC.GAME® is thrilled to announce the acquisition of a new gaming license, fully compliant with Curacao’s National Ordinance for Games of Chance (LOK) regulatory framework. This achievement reaffirms BC.GAME’s unwavering commitment to providing a secure and legally compliant gambling environment for its global user base. Jack Dorsey, the CEO of BC.GAME, said: “We are immensely grateful for Curacao’s robust regulatory framework, which has been pivotal in the gambling industry. Obtaining this license…

The post Regulatory Settlements Drive Compliance Efforts at Leading Crypto Exchanges appeared first on Coinpedia Fintech News In the wake of settlements with U.S. regulators, top cryptocurrency exchanges like Binance, Coinbase, and Kraken are doubling down on compliance efforts.  Binance’s Settlement Chief compliance officers from these platforms spoke at a recent industry conference, highlighting their commitment to strengthening compliance controls and staffing to mitigate past failures and enhance industry standards. During a panel discussion at the Chainalysis Links conference in…