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End of Year 2021 Review Financial Regulations

End-of-Year Review – Financial Crimes & Regulations in 2021

2021 has been another year filled with volatility for the compliance landscape. From the rise in financial frauds and cyber crimes fueled by COVID-19, to the spotlight on environmental crimes at COP26, as well as one of the biggest data leaks in the Pandora Papers saga, financial crimes are rapidly evolving, and so are regulations. […]

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Regtank ESG Cryptocurrency

How are ESG and Cryptocurrency related

What is ESG? ESG refers to environmental, social and governance, which are a set of standards for virtual assets or cryptocurrencies used in the screening process by socially conscious investors. The environmental criteria consider the environmental sustainability and carbon footprint of a cryptocurrency’s protocol’s consensus model. The social criteria examines how a cryptocurrency demonstrates potential […]

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Regtank AML Compliance for Non-Fungible Tokens (NFTs)

AML Compliance for Non-Fungible Tokens (NFTs)

Non-fungible tokens (NFTs) are unique assets in the digital world that can be bought and sold like any other piece of property, but which have no physical form of their own. The market for NFTs surged to new highs in the second quarter, with $2.5 billion in sales in 2021, up from just $13.7 million […]

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Regtank decentralised-finance blockchain

What You Need to Know About Defi

What is DeFi DeFi or decentralised finance refer to financial services backed by blockchain technology that is not regulated via centralised intermediaries. DeFi has been lauded as the key to overcoming the outdated and inflexible traditional financial infrastructure.  DeFi is expected to make ripples in areas of the financial sector such as: asset management and […]

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Regtank Cryptocurrency Market Manipulation

The Vulnerability of the Cryptocurrency Industry and Different Types of Market Manipulation

The crypto market allows users to have direct interaction with exchanges, a trading climate where market users can conduct pseudonymous transactions, without supervision from intermediaries. While regulations and policies have cracked down on certain types of market manipulation, there continue to be many suspected cases of market manipulation.   What is Market Manipulation? Market manipulation […]

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Regtank El Salvador Bitcoin

El Salvador Legalises Bitcoin. What Does It Mean For the Country and the Wider Ecosystem?

President Nayib Bukele broadcasted his intentions on June 9 to establish El Salvador as the world’s first sovereign nation to adopt bitcoin as legal tender. Through a partnership with digital wallet company, Strike, bitcoin will be accepted as El Salvador’s legal currency in the coming 90 days. ‘It will bring financial inclusion, investment, tourism, innovation, […]

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Regtank Cryptocurrency Regulations

China’s Cryptocurrency Ban: Exchanges and Mining Companies Closes in the Face of Regulatory Pressure

China’s latest attempt to suppress the flourishing virtual currency market on May 21st has wiped nearly $1 trillion (€820 billion) off the market. Host to at least 75% of the world’s bitcoin mining capacity, China’s cryptocurrency ban caused a price plunge of 30% – the biggest one-day drop since March 2020. Under the ban, financial […]

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Regtank Cryptocurrency Risk

How Safe are Cryptocurrencies? Money Laundering and Other Financial Crimes through Crypto.

Cryptocurrency has been growing in recognition and adoption rate, with Bitcoin being the world’s 3rd largest currency in circulation as of Mar 2021 [1]. Rapid technological advancement further accelerated the growth of cryptocurrency. Similarly, the world saw an increase in crypto crimes. In 2020 alone, crypto crime hit $1.9 billion globally – making it the […]

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Regtank NFTs Cryptocurrency

What Are NFTs and Are They Used For Illegal Activities?

Cryptocurrencies undergo cyclic cycles in innovation and every now and then, there arises a new type of investment or practical use of the technology. Last year, DeFi gained immense popularity and an enormous influx of capital as people rushed to invest in staking, yield farming and other derivative products. Today, DeFi stands at roughly $52 […]

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Regtank FATF AML Defi NFT

New FATF Draft Guidance extends Anti-Money Laundering Rules to DeFi and NFTs

The regulatory industry has been deeply disrupted by the development of various decentralized technologies which allow for pseudonymous-by-design transactions.  Already struggling to graft money-laundering rules, FATF, the intergovernmental organization which sets standards and promotes the effective implementation of legal, regulatory, and operational measures for combating any threats to the integrity of the international financial system […]

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