Argos KYC News & Insights
Swiss FINMA Published New Regulatory Guidance for Blockchain-based Financial Service Providers
The Swiss Financial Market Supervisory Authority (FINMA) yesterday published new regulatory guidance for blockchain-based payment transactions and financial service providers. The guidance was released following a US Congressional trip to Switzerland orchestrated to...
Brazil Tax Authority Requires Reporting All Bitcoin Transactions
Brazil Tax Authority Requires Reporting All Bitcoin Transactions(19’08) Starting from August 1, transactions involving cryptocurrencies such as Bitcoin must be reported to Brazil Internal Revenue Service(IRS) in accordance with Normative Instruction 1888 The measure...
U.S. Treasury Secretary Mnuchin Held a Briefing on Regulating Cryptocurrency
Credit: Associated Press Treasury Secretary Steven Mnuchin held a briefing to discuss regulatory issues associated with cryptocurrency. Mnuchin stressed the importance of rooting out bad actors in virtual assets. Key points of the conference The US government views...
FATF Sets International Regulatory Standards for Virtual Asset
FATF Announcement of New International Standards for Virtual Asset Regulations (19’06) Cryptocurrency has become the subject of legal regulation. On June 21, 2019, the FATF finalized its regulations regarding virtual assets at the request of the UN Security Council,...
Argos Supports Multi-languages KYC processing!
Don't have passport or English written ID? With Argos, you have nothing to worry about. Argos KYC/AML supports KYC processing in multi-languages. Processing applicant's ID in local languages has never been a problem with us. Here's a VOC Argos received from a KYC...
Importance of Using a Third-party KYC/AML solutions
The Importance of Using a Third-Party KYC•AML Service "We're just doing KYC on our own. But could that be a problem?”-anonymous VASP Let's find out about KYC•AML outsourcing! 1. Objectivity and Independence In the financial sector, the performance of duties by...
Let’s learn about KYC and AML!
What's KYC and AML?Sounds complicated. Let’s take a look at the confusing identification procedure! "Why do I have to submit an I.D., take a selfie, and post it up? KYC? What a hassle!” When receiving airdrops or participating in ICOs, I'm sure you've been...
FINCEN Cryptocurrency guidelines
U.S. Treasury Department Announces Cryptocurrency Regulations (19’05)Recently American Bitcoin remittance company received $35,000 fine + business suspension measure for not fulfilling AML obligation!Punishment Case for Violation of Cryptocurrency AML Regulations In...