Why the crypto industry needs to be AML and KYC compliant World Economic Forum
Criminals can use virtual currency systems because without the use of conventional financial systems they do not have to pass money laundering regulatory checks. The FATF published a report, Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing, which outlines common red flags https://www.xcritical.com/blog/aml-crypto-how-do-aml-regulations-apply-to-exchanges/ used to identify suspicious activity through cryptocurrencies. In the […]
How to Start a Forex Brokerage Using a White Label Service
Indexes, cryptocurrency, stocks, and commodities are just a few of the many marketplaces available. When you successfully enrol clients with your parent brokerage partner, you earn a commission based on their trading activities. Some months you see a surge in commissions, while others might not be as booming. When you opt for a white-label setup, […]
Bitcoin Mining & Technology Company
Argo avoided the fate of bankruptcy that befell some of its peers by agreeing to sell its Helios mining facility in Dickens Country, Texas, to Galaxy Digital for $65 million. It also agreed a $35 million loan from the Michael Novogratz crypto-focused financial-services firm, secured by its mining equipment. While Argo is exploring other financing […]