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Hong Kong stops ICO

  Latest update  最新訊息 SFC’s regulatory action halts ICO to Hong Kong public  19 Mar 2018 ICO issuer Black Cell Technology Limited (Black Cell) has halted its initial coin offering (ICO) to the Hong Kong public and agreed to unwind ICO transactions for Hong Kong investors by returning them the […]

Mr. Watchlist quoted in Compliance Week!

Saw this today – it’s more AML-focused than sanctions-focused, but it comes from a 15-minute interview I did last week for them. Yes, they misquoted me (it should be obvious) slightly, but we’ve asked that it gets fixed. Clearly, “countries” regulate, not “companies”… BTW, Compliance Week has a paywall – you […]

Virtual Currency, IRL Penalties

  FOR IMMEDIATE RELEASE CONTACT: Steve Hudak July 26, 2017 703-905-3770 FinCEN Fines BTC-e Virtual Currency Exchange $110 Million for Facilitating Ransomware, Dark Net Drug Sales Treasury’s First Action Against a Foreign-Located Money Services Business WASHINGTON—The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney’s Office for […]

Singapore goes the way of FinCEN on Virtual Currencies

The Monetary Authority of Singapore (MAS) issued a notice last Thursday announcing its intention to regulate virtual currencies in order to manage AML/CTF risks: 2 Virtual currency transactions, given their anonymous nature, are particularly vulnerable to ML/TF risks. To address this, MAS will introduce regulations to require virtual currency intermediaries1 […]