Now, crypto exchanges and wallet provider must introduce customers including verification. The producer has been undertaken by European Parliament in favor of strict regulations on Crypto exchange. Since the new approach come with the EU Anti-Money Laundering Directive's latest update.
Cryptocurrency are a digital currency that utilizes cryptography for their security. It is a digital asset which is created to work as a mode of exchange. It controls the creation of additional units of currency and rectifies the transfer of assets.
QUOINE, a Japanese cryptocurrency exchange has disclosed the release of its Initial Coin Offering platform. This new platform is an all-in-one ICO execution service. It is an end-to-end solution which goals at aiding blockchain project to conduct ICO's in a flexible, secure, transparent and scalable manner which is the best method of KYC and AML.
Dutch law enforcement, working with Europol and Luxembourg authorities, have shut down the Bestmixer.io crypto-mixing service following a year-long money laundering investigation.
What is the purpose of Decentraland?
Decentraland is a software running on Ethereum that seeks to incentivize a global network of users to operate a shared virtual world. Decentraland users can buy and sell digital real estate, while exploring, interacting and playing games within this virtual world.