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.
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1. Brazil wants to tax cryptocurrencies held overseas like regular assetsLawmakers are changing a law to treat crypto investments fairly. If approved, people might pay taxes on overseas crypto holdings. The law also taxes profits from crypto price changes. If you earn up to $1,200, no tax; $1,200 to $10,000, 15% tax; over $10,000, 22.5% tax. This affects foreign crypto exchanges and could boost local ones. The decision is on August 28, and if passed, starts in January 2024. Brazil is making more crypto-related changes, including its digital currency plans.
Source - 2. California's Fair Political Practices Commission (FPPC) has set rules for disclosing cryptocurrency donations to political groupsPolitical committees can ask for cryptocurrency donations but must follow specific guidelines. They can't accept donations from foreign sources, lobbyists, or anonymous contributors nor receive them directly from person-to-person transactions. Instead, they can use specific payment processors that are registered with the U.S. Department of Treasury and follow identity verification rules. Payment processors must gather information about the donors and share it with the committees within a day of receiving the donation. They need to change the cryptocurrency into U.S. dollars based on current exchange rates and put the money in the committee's bank account within two business days. Donations are labeled as "non-monetary" and must be reported fully.
Source - 3. Former FTX CEO Sam Bankman-Fried's bail was revoked by a judge after he allegedly tried to intimidate witnesses in his fraud casesHe was accused of sharing information with journalists that could have harmed and scared a former colleague and girlfriend who is a witness in his case. This led the judge to believe he was interfering with the case. Bankman-Fried's lawyer tried to argue, but he was sent to custody. He'll likely stay in jail until his trial in October. He's facing fraud charges in two trials.
Source - 4. France is making changes to its cryptocurrency rules to match MiCANew rules for crypto platforms will start on January 1, 2024, including things like handling conflicts of interest, giving more information to users, and keeping client assets separate from the platform's assets. If cryptocurrency platforms want to register with the "enhanced" status, they'll need to follow these new rules. The changes are meant to make things more secure for users. Platforms registered before that date will have to follow the older rules.
Source - 5. The US Federal Reserve is increasing its oversight of banks involved with cryptocurrenciesThey've introduced a program called Novel Activities Supervision to add more rules to their previous statement in January. These new rules focus on actions like holding cryptocurrencies for customers, trading them, and offering banking services to crypto-related companies. These rules are for both large and small banks. The Fed emphasizes that they're not preventing banks from working with cryptocurrencies but want to make sure it's done in a secure and regulated manner.
Source
