BitMEX co-founder Ben Delo avoids jail time, gets 30 months of probation
Benjamin Delo pleaded guilty to violating the Bank Secrecy Act alongside Hayes and Reed, but despite prosecutors pushing for a bigger sentence, he has avoided prison.
Latest Know Your Customer News
Practical implications for blockchain: safer gambling and AML discussed on iGaming Business webinar
Critics dismiss blockchain as nothing but a speculative asset attached to a distributed spreadsheet, but the iGaming Business webinar shows that the technology could revolutionize other industries.
BitMEX exec Samuel Reed pleads guilty to Bank Secrecy Act violations, faces 5 years in jail
Samuel Reed, along with Arthur Hayes, Benjamin Delo, and Greg Dwyer, are accused of knowingly operating a BTC trading platform that had a lax anti-money laundering program and failed to conduct basic KYC checks.
Player Protection Forum: Blockchain-powered Kensei Connect takes the spotlight
Harnessing the powers of the latest technology to help combat problem gambling, keep regulators happy and avoid player disputes was a recurring theme throughout KnowNow’s Player Protection Forum, and this is where nChain’s Kensei Connect comes in.
‘Task Force KleptoCapture’ to target digital asset industry in Russia sanctions enforcement
U.S. AG Merrick B. Garland is targeting "individuals and entities" seeking to evade economic sanctions on Russian businesses with the recent "Task Force KleptoCapture" announcement.
Russian Finance Ministry introduces digital asset draft law despite central bank objection
The Finance Ministry has opened a public feedback period until mid-March on a piece of legislation that will make Bitcoin legal in Russia.
Binance knowingly ignored AML, KYC checks and Changpeng Zhao knows it: report
A special report by Reuters has unearthed the rot at Binance, including how top execs made fun of anti-money laundering and Know Your Customer checks, and how Zhao led the flouting of laws.
Binance: Germany finds exchange’s potential links to Vienna terror attack
Binance founder Changpeng Zhao tweeted that while the exchange is being linked to the bad guys, the bank is not, even though they use the “same or stronger” AML tools as banks.
South Korea’s Coinone exchange blocks withdrawals to unverified wallets
Wallets such as MetaMask and Ledger, which don't require KYC verification, will no longer be usable on Coinone, a top analyst says it's only a matter of time before other exchanges follow suit.
Responsible gaming on blockchain—why it’s a win for gambling operators and regulators too
With regulators taking an increasingly tight line on compliance, gambling operators are now expected to run KYC and AML checks as standard on every player, among their many legal obligations.
kompany to be acquired by Moody’s in 2022
Austria-based kompany has entered into a definitive agreement to be acquired by Moody’s Analytics, which provides financial intelligence and analytical tools globally to help business leaders make better, faster decisions.
Could Taproot’s ‘privacy’ features make BTC illegal?
The Taproot “upgrade” moves BTC even further away from the original 2009 Bitcoin protocol and enables participants in a contract to hide not only their identities, but their public keys as well.