Latest Posts with Compliance tag

Compliance

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Syscoin to be in the Limelight as Govt Agency OKs Stablecoins

7 Jan 2021 2 minute read 4 comments drlove

It is quite amazing to appreciate the foresight of the Syscoin development team had to not only focus on interoperability (Syscoin-Ethereum permissionless bridge), and level-2 masternodes providing scalability (zdag) in excess of 60K tps in realistic...

Binance begins closure of US customers accounts

12 Nov 2020 1 minute read 2 comments ircrp

  A year after announcing that binance.com exchange will ensure that they comply with the United States based regulations the company appears to be no longer dragging their feet on the case and working quite aggressively to adapt to the compliance re...

South Korea’s Financial Body Bans Exchanges from Providing Privacy Coins

4 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

South Korea’s Financial Services Commission has ordered exchanges to stop dealing in tokens that could potentially be used for money laundering, according to a press release issued on November 2. The announcement specifically refers to “dark coins”,...

PCI DSS Compliance could simplify your POPI Compliance

5 Aug 2020 3 minute read 0 comments bosluistepel

South African companies are hastily preparing for compliance with the Protection of Personal Information (POPI) Act, going through audits and testing their levels of compliance. This is a huge undertaking on its own, however, many companies are simul...

Compliance is How We Gain Market Confidence

29 Jul 2020 2 minute read 0 comments Bit Media Buzz

According to CipherTrace’s Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report, criminals netted just under USD 1.4 Billion from various crypto-related thefts, hacks and frauds in the first five months of 2020. Key data on crypto crime...

PCI DSS Requirement 10: Implement logging and log management

17 Jul 2020 1 minute read 0 comments bosluistepel

The PCI DSS regulatory board found that in 2017, non-compliance with PCI DSS requirement 10 was the most common cause of data breaches. Log files only add real value if they are reviewed. System event logs are entries of information recording any and...

Coinbase CEO Says Crypto Space Will Move to Privacy Coins Over Time

13 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Coinbase CEO Brian Armstrong on Twitter offered some insight onto his stance on privacy coins, tweeting a related post that he had written in April 2020 and saying that he is “a fan of privacy coins.” Armstrong begins the thread by addressing the con...

Blockchain businesses are scrambling to comply with FATF’s “travel rule”

19 Jun 2020 2 minute read 0 comments fklivestolearn

It was June last year that the Financial Action Task Force (FATF) gave Virtual Asset Providers one year to enforce AML rules   The tug of war between the novel blockchain industry and the regulators on how the former can operate in a legal way is...