How is technology changing the remittance industry?

Guest blogpost by Hugo Cuevas-Mohr of IMTC Conferences and Mohr World Consulting.

In the process of building the RemTECH Awards and asking ourselves what innovation in the remittances industry meant, I searched the internet and talked to colleagues, both in the traditional financial services sector, bank and non-bank, as well as in fintech start-ups.

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Topics: Virtual Currency, FinTech, Money Transfer, MSB

Virtual Currencies: Court Rules that Selling Bitcoin Is Not Money Transmitting and Selling Bitcoin to Criminals Is Not a Crime

Guest blogpost by Serrin A. Turner, Benjamin A. Naftalis and Pia Naib of Latham & Watkins LLP

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Topics: Virtual Currency

Access to Banking for Virtual Currency Businesses

Guest Blog Post by Pratin Vallabhaneni, Associate, Arnold & Porter LLP

Operating a business in the virtual currency industry presents many of the same problems that are faced by any start-up company.  However, virtual currency businesses (VCBs) also face a set of unique obstacles, particularly when operating in the United States. 

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Topics: Virtual Currency

Our Take Aways from IMTC USA 2016

This year's International Money Transfer & Payments Conferences (IMTC) provided three days of learning and discussion at the Las Vegas Westin. The show provided some great insight into the current state of the money transmitter industry, and hosted a variety of interesting sessions from US and International companies. We've summarized our highlights from the conference below.

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Topics: Anti-Money Laundering, Compliance, Conferences, Virtual Currency

The 16 Most Interesting Take Aways from TNABC 2016

The fourth annual North American Bitcoin Conference came to a close last week. Overall, the conference was smaller, but brought together a great assortment of speakers. The show also highlighted some of the emerging non-bitcoin applications of blockchain technology.

Below, we've put together our 16 most interesting take aways from TNABC 2016: 

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Topics: Conferences, Virtual Currency

Not sure which sessions to attend at TNABC 2016? We have you covered.

The North American Bitcoin Conference (TNABC) begins tomorrow at the James L. Knight Center, in Miami, FL. We'll be there, attending sessions and meeting with customers. To schedule time with us at the show, click here.

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Topics: Conferences, Virtual Currency

Are you prepared? Terrorist financing, and how to avoid becoming a headline

Guest Blog Post by Carol R. Van Cleef, Partner- Manatt, Phelps and Phillips

A runner knows how important preparation is to performing well in competition. When it comes to race day, climbing hills on a hot day may be very painful, or impossible, if the training regime has been lax. Likewise, proper training and conditioning are essential for a soldier headed into combat. In both cases, preparation may be a matter of life and death.
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Topics: Anti-Money Laundering, Virtual Currency

An Introduction to Geo-Fencing for Digital Currency Exchanges

Guest Blog Post by Andrew Beal. Andrew Beal is a corporate attorney in Los Angeles, where he advises digital currency companies on regulatory issues related to state and federal compliance.

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Topics: Compliance, Virtual Currency

Bitcoin Ransomware- Is a "SAR" Required?

Guest Blog Post by Andrew Beal. Andrew Beal is a corporate attorney in Los Angeles and advises virtual currency companies on regulatory issues related to state and federal compliance.

CryptoLocker and other bitcoin “ransomware” have become somewhat of a cyber security phenomenon over the last few years, and the recent charges filed against New York-based exchange Coin.mx raise questions about the compliance obligations of virtual currency exchanges involved in the sale of bitcoins used to pay ransoms.

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Topics: Virtual Currency

Bitcoin, Hacking, Ransoms, and Conspiracy: A Cautionary Tale

Last week the FBI charged Anthony Murgio and Yuri Lebedev- the operators of bitcoin exchange Coin.mx, with conspiracy to operate, and operating an unlicensed money transmitting business. Murgio was additionally charged with money laundering and willful failure to file a Suspicious Activity Report (SAR).

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Topics: Anti-Money Laundering, Virtual Currency

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