For business
KYT office
Compliance solution to monitor risks, detect sanctions and ensure AML rules.
KYT office
Compliance solution to monitor risks, detect sanctions and ensure AML rules.
AML certification
How industry players can get up-to-date knowledge and professional certification.
AML certification
How industry players can get up-to-date knowledge and professional certification.
Comprehensive transaction analytics that helps to build graphs and trace funds.
Graph
Travel rule
(soon)
For personal use
Telegram bot
Bot for checking crypto for risks, providing AML reports.
Telegram bot
Bot for checking crypto for risks, providing AML reports.
Getting money back
Services are focused on tracking
and recovering crypto assets.
and recovering crypto assets.
Getting money back
Services are focused on tracking
and recovering crypto assets.
and recovering crypto assets.
Docs and reports
All types of documents related
to cryptocurrency.
to cryptocurrency.
Docs and reports
All types of documents related
to cryptocurrency.
to cryptocurrency.
Portfolio tracker
Information about all assets and risk assessment in one place.
Portfolio tracker
Information about all assets and risk assessment in one place.
AML checks
Сhecking wallets and transactions
for illicit funds.
for illicit funds.
AML checks
Сhecking wallets and transactions
for illicit funds.
for illicit funds.
AML-сертификация
Актуальные знания в области AML/KYT от ведущих экспертов отрасли.
AML-сертификация
Актуальные знания в области AML/KYT от ведущих экспертов отрасли.
Graph
Визуализация перемещения активов
и связей между кошельками.
и связей между кошельками.
Graph
Визуализация перемещения активов
и связей между кошельками.
и связей между кошельками.
KYT Office
Мониторинг транзакций и кошельков для вашего отдела комплаенса.
KYT Office
Мониторинг транзакций и кошельков для вашего отдела комплаенса.
Для себя
Для Бизнеса
Travel rule
(Cкоро)
Телеграм-бот
Бот для проверки кошельков и транзакций с выдачей отчётов.
Телеграм-бот
Бот для проверки кошельков и транзакций с выдачей отчётов.
Возврат средств
Услуги по отслеживанию и возврату украденных криптоактивов.
Возврат средств
Услуги по отслеживанию и возврату украденных криптоактивов.
AML-проверки
Проверка кошельков и транзакций на наличие "грязной" криптовалюты.
AML-проверки
Проверка кошельков и транзакций на наличие "грязной" криптовалюты.
Портфолио трекер
Информация о всех активах и оценка рисков в одном месте.
Портфолио трекер
Информация о всех активах и оценка рисков в одном месте.
Отчёты
Все типы документов связанные
с криптовалютой.
с криптовалютой.
Отчёты
Все типы документов связанные
с криптовалютой.
с криптовалютой.
Crypto Chronicles: BitOK's Weekly Recap of Top Regulatory News
Get a quick and easy update on last week's top headlines with BitOK.
1. Qatar is being criticized by the Financial Action Task Force (FATF) for not doing enough to regulate crypto companies
Although Qatar has made some progress in collecting information about who owns what, they still need to work on investigating money laundering more effectively. Interestingly, even though Qatar has banned crypto companies, they are currently exploring the idea of creating their own digital currency. Interestingly, despite banning cryptocurrency companies, Qatar is exploring the possibility of launching its own digital currency. They are in the early stages of considering a central bank digital currency (CBDC) and evaluating the benefits and drawbacks.
Source
Source
2. The National Bank of Georgia is set to initiate an anti-money laundering investigation into cryptocurrency firms
Starting from September 1, 2023, the bank will enforce mandatory supervision of virtual asset service providers. The aim is to prevent money laundering and ensure compliance with international sanctions. Furthermore, restrictions on foreign bank account holders will be implemented, including limiting immediate withdrawals for Russian citizens. Georgia is also working on cryptocurrency-related legislation to align with European Union directives and establish itself as a prominent player in the global crypto industry.
Source
Source
3. UAE is introducing new rules to prevent money laundering in the digital asset sector
Licensed financial institutions (such as banks and payment providers) will need to verify the identities of all customers. These rules, aligned with global standards, will be in effect by the end of June. The UAE Central Bank will assess each relationship between financial institutions and virtual asset service providers (VASPs) on a case-by-case basis. LFIs will also monitor transactions from high-risk jurisdictions and ensure customers' assets remain outside the licensed VASP ecosystem. The UAE Central Bank has also discussed collaboration with the Hong Kong Monetary Authority to develop digital asset regulations and promote fintech initiatives.
Source
Source
4. South African crypto firms must register or face heavy fines
The Financial Sector Conduct Authority (FSCA) requires crypto companies to apply for a license within six months or risk a $510,000 penalty. This move aims to regulate the industry and protect consumers. Failure to comply could lead to imprisonment or severe financial consequences.
Source
Source
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