Do crypto miners need AML Compliance programs?

Do crypto miners need AML Compliance programs?

best practices, compliance, Compliance Basics by Business, cryptocurrency miningLeave a comment

It is becoming increasingly common for cryptocurrency mining operations to adopt some AML compliance controls. But which controls make the most sense, and how will you know when your business requires them? While cryptocurrency mining operations aren’t technically required to adopt AML compliance countermeasures, many are choosing to implement some basic protocols in order to protect themselves…

AB 2269 vetoed. Here’s how California moves forward with sensible, effective cryptocurrency regulation.

AB 2269 vetoed. Here’s how California moves forward with sensible, effective cryptocurrency regulation.

AML, California, compliance, Consumer Protection, FinCEN, KYC, money transmitter license, MTL, News, Regulation, Regulations, Regulators, state regulationLeave a comment

AB 2269 vetoed. Here’s how California moves forward with sensible, effective cryptocurrency regulation. On Friday, Governor Gavin Newsom vetoed California Assembly Bill 2269 (AB 2269). The bill would have effectively required ANY individuals or entities engaged in exchanging, transferring, storing, or other activities to obtain a license from the California Department of Financial Protection and…