The United Kingdom’s financial authorities, the Treasury’s Office of Financial Sanctions Implementation, introduced new guidelines for the operation of cryptocurrency exchanges in the country. The new rules stipulate numerous restrictions and requirements regarding sanctions regimes and oblige all exchanges and wallets operating in the UK to report on violations. The new guidelines have seen the…
July 21, 2022 – BitAML is excited to announce the launch of the ACFCS (Association of Certified Financial Crime Specialists), “Crypto Compliance Specialization.” Launched at the Crypto Compliance Symposium this morning in San Francisco, CA; the Crypto Compliance Specialization is the result of an amazing team effort by financial crime experts at BitAML, Chainalysis, ACFCS…
*First published in CrossTech Magazine – 5th Edition on July 25, 2022; “California: Next Frontier” in Cryptocurrency, talks about California’s cryptocurrency regulations and Gov. Gavin Newsom’s signed executive order. This article explains the order and how this new regulation of cryptocurrency will affect the crypto ecosystem.* California: Next Frontier In Cryptocurrency California is making…
Update – Ukrainian President Volodymyr Zelenskyy legalized crypto in Ukraine by signing into law a bill on virtual assets. The bill was signed into law on March 16, 2022. It allows for foreign and Ukrainian cryptocurrencies to operate legally and allow banks to open accounts for crypto companies. Since the war broke out, crypto has…
Hooker Furnishings Corp HOFT reported third-quarter FY23 sales growth of 13.6% year-on-year to $151.58 million, beating the consensus of $144.62 million. Net sales from Hooker Branded segment decreased by 2.4% Y/Y, Home Meridian climbed 9.4%, and Domestic Upholstery gained 48.2%. The gross profit jumped 60% Y/Y to $32 million, and the margin expanded over 600 basis…
With US stock futures trading slightly lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Ciena Corporation CIEN to report quarterly earnings at $0.08 per share on revenue of $846.95 million before the opening bell. Ciena shares fell 0.6% to $43.00 in after-hours…
Elon Musk‘s Twitter is reportedly planning to increase the price of Twitter Blue for Apple Inc AAPL users. What Happened: Some Twitter employees have been informed that the platform is planning to increase the pricing of Twitter Blue Subscription for iPhone users, according to a person familiar with the matter, reported The Information. See Also: Elon…
A U.S. bankruptcy court judge on Wednesday declared that certain users of Celsius Network CEL/USD were entitled to get their deposits back. What Happened: U.S. bankruptcy judge Martin Glenn was presiding over the crucial inquiry of who holds the cryptocurrency assets that were lodged with Celsius, Bloomberg reported. “I want this case to move forward,” Glenn reportedly said. “I want creditors…
Recently, the California legislature passed AB 2269, which has now made its way to the Governor’s desk. The bill would effectively require ANY individuals or entities engaged in exchanging, transferring, storing, or other activities to obtain a license from the California Department of Financial Protection and Innovation (DFPI), and adhere to a host of specific criteria,…
The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. To that end, here are some of the best Black Friday deals from Amazon…
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…
U.S. House Financial Services Committee Chair Rep. Maxine Waters (D.Calif.) said that a subpoena is “definitely on the table” for former FTX CEO Sam Bankman-Fried, who has been asked to appear at a Dec. 13 hearing to investigate the collapse of the cryptocurrency exchange. What Happened: On Wednesday, Waters tweeted that lies were being spread…
Back in February 2021, BitAML wrote a blog titled: CFPB: Consumer protection is ramping up in crypto – where we discussed how consumer protection was fast becoming a point of emphasis for regulators within the crypto space. If you did not heed our advice then, now is the time to take a look at your…
Elon Musk announced via his Twitter account that a Tesla can now be bought using Bitcoin (BTC) on March 24, 2021. Elon Musk was constantly tweeting about cryptocurrencies since past few months. Which, of course, caused instability and fake pumps in the value of some cryptocurrencies like DogeCoin. This particular news of accepting crypto as a way…
