A set of critical safeguarding rules are common to any cryptocurrency transaction, wherever the jurisdiction: tracking blockchain transactions to identify suspicious entities, updating policies and aligning with the latest regulatory requirements, customizing monitoring mechanisms to identify specific risks, conducting consistent risk assessment exercises and studying … [Read more...] about How Risk Scoring Can Help Meet Regulatory Requirements
requirements
Basel Committee to Review Proposed Capital Requirements for Banks With Crypto Assets
In Tuesday’s statement, the Basel Committee said its members had reiterated the importance of “developing a conservative risk-based global minimum standard” to manage risks to the banking system from crypto assets that is consistent with the general principles laid out in its previous consultation. Source link … [Read more...] about Basel Committee to Review Proposed Capital Requirements for Banks With Crypto Assets
Nexus Mutual moves to sundown legal entity, lift KYC requirements
In a move that could point towards greater decentralization and wider access, the Nexus Mutual community is currently considering a proposal to sunset the coverage protocol’s legal entity and lift Know Your Customer (KYC) burdens currently necessary to interact with the platform.The proposal was announced yesterday in a Tweet by investment fund 1kx co-founder Christopher … [Read more...] about Nexus Mutual moves to sundown legal entity, lift KYC requirements