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The IdentityMind Blog

Bitcoin on the OFAC List: How to Protect Yourself As a Bank, Crypto Exchange, or Wallet

March 27, 2019

This blog post was originally posted on December 5, 2018, and updated extensively on 3/27/2019. US Exchanges Banned from Interacting with Specific Bitcoin Addresses The US Government has been monitoring cryptocurrencies for several years. In March 2013, FinCEN’s guidance explicitly called out crypto exchanges where individuals buy and sell crypto currencies, and required they be […]


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Crypto Exchange Binance Enhances Global KYC/AML Measures With Tools From IdentityMind

March 26, 2019

“The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it, said Samuel Lim, Chief Compliance Officer of Binance. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster […]


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Crypto Cowboys, Sheriffs, and Custody

October 23, 2018

In this blog post, Adam Healy of Digital Asset Custody, Inc explains custody services, their necessity in the crypto space, and how companies and regulators can work together for a better outcome. Institutional custody services have proven critical in the traditional financial world, acting as intermediaries between financial services companies and executing instructions on behalf […]


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ICOs and Virtual Currency Exchanges: A Mid-Year Review

July 9, 2018

We just crossed the halfway point of 2018, and IdentityMind has spoken with over 650 companies conducting ICOs and helped with over 100 ICOs so far, with the total rising to 175 if you include 2017. These range from large utility tokens with over 25,000 contributors needing KYC, to small security tokens with 10 contributors […]


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How BTC-e’s Fall Impacts Every Other Virtual Currency Exchange

August 1, 2017

Following Anti-Money Laundering Regulation is Required, Everywhere Last Tuesday, Alexander Vinnik was arrested and charged with 21 counts of Money Laundering for his alleged role in running BTC-e, a virtual currency exchange, and laundering proceeds stolen from the Mt Gox exchange. BTC-e was well known for not having sufficient AML requirements, requiring customers to only […]


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Virtual Currencies: Court Rules that Selling Bitcoin Is Not Money Transmitting and Selling Bitcoin to Criminals Is Not a Crime

September 13, 2016

Guest blogpost by Serrin A. Turner, Benjamin A. Naftalis and Pia Naib of Latham & Watkins LLP The ruling is an outlier driven by its unique facts and is unlikely to change the general regulatory landscape for Bitcoin businesses. In State of Florida v. Espinoza, a trial court in Miami recently dismissed all charges against an […]


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