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The IdentityMind Blog

An Introduction to Geo-Fencing for Digital Currency Exchanges

October 1, 2015

Guest Blog Post by Andrew Beal. Andrew Beal is a corporate attorney in Los Angeles, where he advises digital currency companies on regulatory issues related to state and federal compliance. The 45-day “grace period” for digital currency companies to submit applications for the BitLicense in New York ended in August and was preceded by a number […]


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Bitcoin Ransomware- Is a “SAR” Required?

August 13, 2015

Guest Blog Post by Andrew Beal. Andrew Beal is a corporate attorney in Los Angeles and advises virtual currency companies on regulatory issues related to state and federal compliance. CryptoLocker and other bitcoin “ransomware” have become somewhat of a cyber security phenomenon over the last few years, and the recent charges filed against New York-based exchange […]


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Bitcoin, Hacking, Ransoms, and Conspiracy: A Cautionary Tale

July 30, 2015

Last week the FBI charged Anthony Murgio and Yuri Lebedev- the operators of bitcoin exchange Coin.mx, with conspiracy to operate, and operating an unlicensed money transmitting business. Murgio was additionally charged with money laundering and willful failure to file a Suspicious Activity Report (SAR). What was Coin.mx? Coin.mx was an online bitcoin exchange where individuals […]


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The NYDFS Bitlicense is out. What now?

June 10, 2015

The New York Department of Financial Services (NYDFS) released their final “Bitlicense” rules and regulations for virtual currencies last Wednesday, June 3rd, and affected companies now have 45 days to apply. We’ve received a number of questions surrounding the new regulations, and the question is: Now that Bitlicense is here, what does it mean for you […]


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Inside Bitcoins New York, 2015 – Highlights, Day 2

May 4, 2015

Day 2 of Inside Bitcoins was very focused on the future of Bitcoin. Sessions centered on how to take the technology to the next phase, how to solve real business problems, and how to influence consumers and businesses to achieve mass adoption- the key to it’s success. We’ve included our highlights from the sessions below. […]


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Inside Bitcoins New York, 2015 – Highlights, Day 1

April 29, 2015

It’s great to be back at Inside Bitcoins this year. Last year’s conference was a landmark for our company, with the official launch of our IGNITE program. IGNITE was designed specifically for Bitcoin start-ups, providing the full KYC and transaction monitoring services start-ups need to operate legally, and build an effective compliance program. The intent […]


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