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. Hong Kong's SFC will list suspicious crypto platforms post-JPEX scandalHong Kong's Securities and Futures Commission aims to help the public identify unregulated virtual asset trading platforms (VATPs) in Hong Kong by listing licensed, deemed licensed, closing down, and application-pending VATPs. They will also maintain a dedicated list of "suspicious VATPs" on their website. The move follows the JPEX crypto exchange scandal, which involved financial fraud and resulted in significant financial losses, prompting the SFC to emphasize the importance of proper regulation to maintain market confidence and collaborate with local police to investigate and take action against wrongdoers.
Source - 2. Coinbase gains AML registration for crypto services in SpainThis move comes as Coinbase expands its presence in Europe. Spain ranks crypto as the second-favorite payment method, and nearly 29% of Spanish adults view digital assets positively. Coinbase has been focusing on global regulatory compliance, securing registrations in several countries. Crypto.com also recently received regulatory approval in Spain.
Source - 3. Bybit suspends UK services due to FCA regulatory changesStarting October 1, Bybit will stop accepting new account applications from UK users, followed by halting new deposits, new contracts, and position changes on October 8. The move aligns with the FCA's new rules aimed at ensuring transparent and compliant marketing by crypto businesses. Bybit plans to focus on meeting UK regulatory requirements in the future. This action mirrors Bybit's previous suspension of services in Canada due to regulatory developments while concurrently expanding into new markets like Kazakhstan.
Source - 4. European Parliament recommends tighter regulation of global crypto market by non-EU regulatorsThe European Parliamentary Research Service (EPRS) emphasizes the need for a tighter regulatory framework in non-EU jurisdictions to ensure greater stability and development, particularly as the Markets in Crypto-Assets Regulation (MiCA) Act approaches implementation by December 2024. The report highlights concerns about financial stability, reduced market appeal, and the mainstream adoption of stablecoins. It also mentions challenges posed by the fragmented regulatory landscape in the United States and potential divergence between the UK and EU in how they identify crypto-assets. Malta has initiated a public consultation to align its crypto regulations with MiCA.
Source - 5. eToro has obtained regulatory approval in CyprusThe approval of a Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC) allows eToro to offer regulated crypto services throughout the European Union under the entity "eToro Europe Digital Assets" once the EU's Markets in Crypto-Assets Regulation (MiCA) takes effect in December 2024. eToro considers Europe a crucial market due to the majority of its user base residing in the region. Other crypto firms, like Bybit, are also expanding in the EU through CySEC registration, while Binance sought to deregister in Cyprus to focus on larger markets. eToro previously secured regulatory milestones in Spain and France.
Source
