Blockchain and the Battle Against Corruption & Fraud

Blockchain and the Battle Against Corruption & Fraud

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that...

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Are we taking Anti-Money Laundering for granted?

Are we taking Anti-Money Laundering for granted?

Basel Institute reveals slow progress in AML Earlier this month the Basel Institute on Governance announced the release of the Basel Centre for Asset Recovery’s Basel Anti-Money Laundering Index for 2018 – the so-called “AML Index”. It is the seventh such report...

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How Exchanges Are Using KYC Laws to Keep Your Crypto

How Exchanges Are Using KYC Laws to Keep Your Crypto

Bitcoin is the world’s first successful attempt at creating a decentralized economic structure. At its core, is a belief that individuals deserve a sovereign currency. Many Bitcoin enthusiasts feel that these beliefs lie beyond the scope of know your...

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Blockchain Remittance: The Future of International Money

Blockchain Remittance: The Future of International Money

Blockchain remittance firms are experiencing record growth thanks to an increase in global migration. As populations continue to migrate, the need to send money back to their home countries is growing. Blockchain remittance firms are providing this essential service...

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Why Is Cryptocurrency Associated with Criminal Activity?

Why Is Cryptocurrency Associated with Criminal Activity?

Despite countless examples to the contrary, many people still toss cryptocurrency and criminal activity into the same bucket. But is this born out of ignorance or fact? We all fear the unknown. Perhaps it’s partially because, to the layman, digital currencies suddenly...

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Money laundering in Russia and what we know!

Money laundering in Russia and what we know!

Money laundering in Russia has its own characteristics. In the normal world money laundering is the transformation of "illicit money" into "clean money": criminals selling drugs to invest in real estate, in Russia it is different. There money laundering mostly means...

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Cryptocurrency – Enabler of Crime or Fake News?

Cryptocurrency – Enabler of Crime or Fake News?

Cryptocurrencies are in their embryonic stage and individuals will exploit this period to profit from them for both good and bad. But, that doesn’t make cryptocurrencies any more an enabler of crime than does fiat and digital currencies. Lets us not forget, in 1995...

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How is Blockchain Being Applied to Cybersecurity Right Now?

How is Blockchain Being Applied to Cybersecurity Right Now?

We’re getting pretty used to hearing about cool new projects using blockchain. From online marketplaces to green energy; every man, woman, and their respective dogs are busy leaping on the bandwagon. Future promises, flashy launches, impressive white papers… These...

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CRYPTOCURRENCIES IN AFRICA: THE GHANAIAN SITUATION

CRYPTOCURRENCIES IN AFRICA: THE GHANAIAN SITUATION

Cryptocurrency use is still in its infancy. Cryptocurrencies have been in use around the world, especially in the developed world (Africa) ever since they came onto the scene after the end of the global financial crisis in 2009. In Europe, the US and industrialized...

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Crypto Crimes: ICO Scams, Robbery, and Money Laundering

Crypto Crimes: ICO Scams, Robbery, and Money Laundering

The rising popularity of cryptocurrency and blockchain technology has brought many benefits to the world; however, this hasn’t come without a few downsides. Along the way, we have also seen a rise in the number of cryptocurrency crimes. From kidnappings to money...

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The Cryptoexchange Poloniex implements new KYC rules

The Cryptoexchange Poloniex implements new KYC rules

Over the weekend, Circle-owned Poloniex exchange froze a slew of user accounts in the midst of implementing a new know your customer (KYC) verification process. Legacy account users, those whose accounts were verified under Poloniex’s old guidelines, reportedly...

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