Malcolm Wright, the former chief compliance officer at BitMEX, has joined Shyft Network, a startup focused on helping cryptocurrency firms comply with global anti-money laundering (AML) rules.It’s a good fit for Wright, who is also co-lead of the AML working group at policy shop Global Digital Finance and an expert on the Financial Action Task Force’s data sharing requirements … [Read more...] about BitMEX Compliance Chief Malcolm Wright Jumps to Shyft Network
Compliance
Binance.US Hires Intel’s Compliance Chief Majalya
Schroder’s bringing on of Majalya, the Binance.US CEO’s first executive in the “risk” division, telegraphs the exchange means business on the compliance front. That could be pivotal as U.S. lawmakers continue to apply pressure to the nascent crypto industry, which some have argued is under-regulated. Source link … [Read more...] about Binance.US Hires Intel’s Compliance Chief Majalya
Robinhood Turns to Chainalysis for Data, Compliance Tools
Crypto tracing firm Chainalysis said it will provide data and compliance tools to Robinhood’s online crypto trading service, Robinhood Crypto.Chainalysis said Robinhood (Nasdaq: HOOD) will use the software to meet compliance requirements and help keep accounts safe, the company said in a blog post Monday.Robinhood Crypto will use Chainalysis KYT to flag “risky and illicit … [Read more...] about Robinhood Turns to Chainalysis for Data, Compliance Tools
From NFTs to CBDCs, crypto must tackle compliance before regulators do
Each year that we get a little further away from Satoshi Nakomoto’s whitepaper, crypto becomes more popular than ever, breaking more barriers — not just in sheer enthusiasm, but in mainstream acceptance. From nonfungible tokens (NFTs) to the Metaverse, 2021 was the year of crypto, even following a decade where just about every other year could make the same claim.Despite that … [Read more...] about From NFTs to CBDCs, crypto must tackle compliance before regulators do
Sekuritance Brings Blockchain Compliance to Life
In total, there are currently six products in the Sekuritance RegTech suite. These include Sekur.Vault, Sekur.MFA, Sekur.Alert, Sekur.Transact, Sekur.Trace and Sekur.Certify. These products help financial institutions to obtain industry certifications, to validate and process 3D checks, to tackle financial crime and certify controlling power, among others. Source link … [Read more...] about Sekuritance Brings Blockchain Compliance to Life