Bitcoin Trader Sentenced to Two-Year Prison Term

Bitcoin trader Jacob Burrell Campos was sentenced on April 8, 2019, to serve a two-year prison sentence and to forfeit more than $800,000 “for operating an unlicensed money transmitting business.” The U.S. Department of Justice (DOJ) announced the conclusion of this case on its official website, claiming that Campos had already been in custody without […]

Bitstamp Receives New York BitLicense

Bitstamp Receives New York BitLicense Another digital asset platform has received approval to do business in New York. Bitstamp, one of the largest crypto exchange platforms in Europe, has been granted a virtual currency license from the New York State Department of Financial Services (NYSDFS). The exchange became the 19th firm approved to offer […]

LocalBitcoins, Once a Go-To for Anonymous Bitcoin Transactions, Adds KYC

LocalBitcoins, Once a Go-To for Anonymous Bitcoin Transactions, Adds KYC The Finland-based, peer-to-peer cryptocurrency trading platform LocalBitcoins released a statement on March 25, 2019, responding to a new act approved by the Finnish Parliament that will require users to verify their identities. This marks a major change for the service, which had been a […]

Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations

Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations On Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements. The move to bolster the new customer verification procedure follows Finland’s Financial Supervisory Authority (FSA) mandating supervision over exchange operations. Also read: […]