Dutch Crypto Companies Feeling Pressure From AMLD5

Smaller crypto businesses in the Netherlands face uncertain times as the Dutch National Bank (DNB) enforces its interpretation of the European Union’s fifth anti-money laundering directive (AMLD5).Despite stringent enforcement of the AML directive, the DBN claims the country remains crypto-friendly and plans to lead the development of a central bank digital currency (CBDC) within the…

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Ethereum 2.0 On The Way

At Devcon 4, Ethereum revealed its plans to achieve Ethereum 2.0, an essential evolution if the blockchain is going to maintain its lead in the space. Devcon is the annual Ethereum conference for blockchain developers and researchers and often a forum for showcasing key developments for blockchain technology.   This year’s Devcon 4 was held…

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A Crypto Tracking Tool for Banks

Cryptocurrency forensics platform CipherTrace has announced the launch of a new tool — Armada — for banks to use in tracking suspicious crypto transactions.The move signals the company’s expanding presence in the virtual currency monitoring space having been assisting crypto exchanges in creating protocols based on the regulatory provisions enacted by financial regulators across the…

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CipherTrace’s Tracking Tool Will Help Banks Keep a Closer Eye on Crypto

CipherTrace’s tracking tool, Armada, will help banks better monitor crypto activity. Though such a service will protect financial institutions, it could have serious implications for crypto enthusiasts. Key Takeaways CipherTrace offers banks a suite of new AML and KYC tools to better monitor crypto activity. U.S. regulators already have identified the potential for cryptocurrencies to…

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