aml
19,477 views
34 Posts
Hot
Latest
đȘHow Are Nigeria and Brazil Shaping Blockchain and Crypto Regulations for Innovation and Security?
Nigeria and Brazil are refining their blockchain and cryptocurrency regulations to foster innovation and enhance security. Nigeria's National Information Technology Development Agency (#NITDA ) has restructured its National Blockchain Policy Steering Committee (NBPSC) to reassess and improve blockchain policies, aiming to leverage this technology for economic growth.
Meanwhile, Brazil's Central Bank is progressing with comprehensive crypto regulations. The bank's three-phase plan, set to be completed by the end of 2024, began with a public consultation to gather market feedback on issues such as asset segregation and risk management for Virtual Asset Service Providers (#VASPs ). The second phase focuses on planning regulations for stablecoins, crucial for payments and foreign exchange operations. The final phase will establish definitive rules for VASPs, including stringent anti-money laundering (#aml ) and counter-terrorism financing (#CTF ) standards to protect the national financial system.
#ETHETFsApproved $PEPE $BNB $BTC
Meanwhile, Brazil's Central Bank is progressing with comprehensive crypto regulations. The bank's three-phase plan, set to be completed by the end of 2024, began with a public consultation to gather market feedback on issues such as asset segregation and risk management for Virtual Asset Service Providers (#VASPs ). The second phase focuses on planning regulations for stablecoins, crucial for payments and foreign exchange operations. The final phase will establish definitive rules for VASPs, including stringent anti-money laundering (#aml ) and counter-terrorism financing (#CTF ) standards to protect the national financial system.
#ETHETFsApproved $PEPE $BNB $BTC
đ Why check cryptocurrency for purity?
đ Average users, like you and me, sometimes don't even realize that funds received from exchangers or other users may have a dark origin.
đ° In the last 6 years, known crypto addresses linked to illicit activities have processed around $60 billion. These funds were "laundered" through exchanges, mixers, and ordinary users' accounts.
đ If you accept "dirty" funds into your wallet and transfer even a small portion of them to an exchange, your wallet may be seized or blocked. Such sanctions regarding these funds may occur not immediately, but six months later, when someone within the framework of a case initiates a criminal investigation and the police reach you through the chain. And you may have nothing to do with it, but your funds will be blocked or seized. â
đ Therefore, it is critical to know the history of the origin of the funds in your cryptocurrency wallet, as well as to check the crypto wallets of counterparties and incoming transactions.
#CryptocurrencyLaunch #DirtyCrypto #moneylaundering #CryptoSecurity #aml
đ Average users, like you and me, sometimes don't even realize that funds received from exchangers or other users may have a dark origin.
đ° In the last 6 years, known crypto addresses linked to illicit activities have processed around $60 billion. These funds were "laundered" through exchanges, mixers, and ordinary users' accounts.
đ If you accept "dirty" funds into your wallet and transfer even a small portion of them to an exchange, your wallet may be seized or blocked. Such sanctions regarding these funds may occur not immediately, but six months later, when someone within the framework of a case initiates a criminal investigation and the police reach you through the chain. And you may have nothing to do with it, but your funds will be blocked or seized. â
đ Therefore, it is critical to know the history of the origin of the funds in your cryptocurrency wallet, as well as to check the crypto wallets of counterparties and incoming transactions.
#CryptocurrencyLaunch #DirtyCrypto #moneylaundering #CryptoSecurity #aml
Singapore tightens grip on crypto! DPT services face stricter AML/CFT rules to combat terror financing risks linked to anonymity. This reflects a global trend of regulating crypto for innovation and security.
#Singapore #crypto #aml #DPT #IntroToCopytrading
#Singapore #crypto #aml #DPT #IntroToCopytrading
đš The Most Ridiculous Crypto Fraudsters: How They Stole $5 Billion and How They Got Caught
đ In 2022, US law enforcement agencies detained Ilya Lichtenstein and his wife Heather Morgan, accusing them of laundering cryptocurrency stolen from the Bitfinex exchange in 2016. More than 119,000 bitcoins were stolen at that time. The FBI confiscated 94,000 bitcoins from the couple, the value of which at the time of the theft was $70 million, but now exceeds $7 billion!
đ Lichtenstein was linked to data on the movement of funds, as well as his activity on exchanges under fictitious names. The couple spent money on purchases at Walmart, rides with Uber, and PlayStation games. The FBI tracked them down when Lichtenstein uploaded data containing his wallet address to the cloud.
#CryptoDecision #CryptocurrencyTravel #match_systems #aml
đ In 2022, US law enforcement agencies detained Ilya Lichtenstein and his wife Heather Morgan, accusing them of laundering cryptocurrency stolen from the Bitfinex exchange in 2016. More than 119,000 bitcoins were stolen at that time. The FBI confiscated 94,000 bitcoins from the couple, the value of which at the time of the theft was $70 million, but now exceeds $7 billion!
đ Lichtenstein was linked to data on the movement of funds, as well as his activity on exchanges under fictitious names. The couple spent money on purchases at Walmart, rides with Uber, and PlayStation games. The FBI tracked them down when Lichtenstein uploaded data containing his wallet address to the cloud.
#CryptoDecision #CryptocurrencyTravel #match_systems #aml
đŒ #aml #Checks
đ AML checks allow companies to minimize the risks of involvement in financial #crime , ultimately protecting against lock-in and loss of assets.
đ€ What AML verification methods are available, and who are they suitable for?
- âïž Automated AML Checks: Automated pre-checking of all incoming assets is done through #API integration. This method is suitable for companies with high transaction volumes.
- đ± Manual AML Checks: Manual checks are performed via a Telegram bot. This method is suitable for regular users who want to verify incoming transactions to avoid receiving "dirty" cryptocurrency and the subsequent blocking of their funds.
- đ”ïžââïž AML Officer: An AML officer is a specialist who takes a comprehensive approach to protecting a company from potential blocking and loss of assets. In addition to screening transactions for AML/CFT, they also check counterparties (both legal entities and individuals). This method is suitable for companies that do not make many transfers but handle large amounts of money.
đ AML checks allow companies to minimize the risks of involvement in financial #crime , ultimately protecting against lock-in and loss of assets.
đ€ What AML verification methods are available, and who are they suitable for?
- âïž Automated AML Checks: Automated pre-checking of all incoming assets is done through #API integration. This method is suitable for companies with high transaction volumes.
- đ± Manual AML Checks: Manual checks are performed via a Telegram bot. This method is suitable for regular users who want to verify incoming transactions to avoid receiving "dirty" cryptocurrency and the subsequent blocking of their funds.
- đ”ïžââïž AML Officer: An AML officer is a specialist who takes a comprehensive approach to protecting a company from potential blocking and loss of assets. In addition to screening transactions for AML/CFT, they also check counterparties (both legal entities and individuals). This method is suitable for companies that do not make many transfers but handle large amounts of money.
SPB Exchange plans to participate in the EPR for conducting cryptocurrency trading.
Last year, the Central Bank included it in the register of information platform operators for issuing digital financial assets (DFA).
Due to the introduction of the concept of foreign digital rights in the newly adopted mining law, which can be applied to most cryptocurrencies, and due to the previously adopted law on international settlements using DFA, it can be said that settlements using cryptocurrency will be organized through information system operators (organizations authorized to issue DFA), according to Denis Polyakov, GMT Legal.
#ONLY_BANK #TradingShot #aml #bank #Russia
Last year, the Central Bank included it in the register of information platform operators for issuing digital financial assets (DFA).
Due to the introduction of the concept of foreign digital rights in the newly adopted mining law, which can be applied to most cryptocurrencies, and due to the previously adopted law on international settlements using DFA, it can be said that settlements using cryptocurrency will be organized through information system operators (organizations authorized to issue DFA), according to Denis Polyakov, GMT Legal.
#ONLY_BANK #TradingShot #aml #bank #Russia