AML: Crypto, Real Estate, and AI Transformations
2024 AML Trends: Crypto Regulation, Real Estate Scrutiny, AI Integration.
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2024 AML Trends: Crypto Regulation, Real Estate Scrutiny, AI Integration.
AML checks in crypto wallets offer vital protection against fraud and illicit activities, balancing security with regulatory compliance, while posing challenges to decentralization
The move is intended to meet the “proliferation of all of these different protocols,” Anchorage Digital’s president said.
Things are not going well for Anchorage Digital. The crypto bank just announced a 20% cut in its staff, citing regulatory uncertainty.
Three crypto custodians say they will be able to continue operating.
One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools.
Anchorage's new service comes in anticipation of the Ethereum network’s long-promised shift proof-of-stake consensus.
The exchange custody network includes Binance.US, CoinList, Blockchain.com, Strix Leviathan and Wintermute.
Anchorage hinted that the OCC’s actions could help establish a regulatory precedent that would encourage other companies in the space to establish federally regulated digital asset banks.