How to be confident in the purity of your transactions: from fiat to crypto

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Whether you are an owner of a crypto startup or manage a traditional business, you need to pay attention to this guide on how to protect your business and assets. Let’s find out what is the best way to protect your assets and what services to use for this. One of the most reliable ways […]

Hydra transaction volume grew to $1.4 billion in 2020. What’s next?

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The Russian market, which sells everything from drugs and confidential data to fake documents and counterfeit banknotes, is growing at an excessive pace. Back in 2016, the volume of transactions on Hydra was $9.4 million. In 2020, according to Flashpoint and Chainalysis research, the number of transactions on the marketplace totaled $1.37 billion.  Simple math […]

New Blacklist feature: how to avoid “dirty” cryptocurrency.

Amlbot- New Blacklist feature
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Virtual currencies may be stolen or used for criminal purposes, which most often include terrorism financing and money laundering. Shade business may use your cryptocurrency address of the bitcoin wallet as a mixer for obfuscation. By acquiring crypto assets from suspicious individuals on third-party services, you run the risk of becoming a participant in the […]

An Easy Guide to Crypto Taxes

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The cryptocurrency was born with the philosophy of removing the central authority and giving power to the users. The recognition of the crypto assets by governments brings the question about paying taxes to these central authorities back on the table. What are the most important tax implications when it comes to cryptocurrency and where should […]

Hackers Use Bitcoin Blockchain to Create Resilient Botnets

Using blockchain for creating botnets
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Bitcoin Transactions Have Become A Convenient Vault for Performing Attacks Using C&C Servers DDoS reigns supreme. In 2020, more than a hundred companies whose activities are in the sphere of finance have become victims of DDoS attacks. Teresa Walsh, head of global research at FS-ISAC, says today’s cybercriminals have increased their potential in the global […]

Crypto alert: how to use and what to choose?

Crypto alerts
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Despite the growing popularity of cryptocurrencies and blockchain, investors often face challenges that are not typical within the traditional economy. Trend uncertainty, volatility, and price fluctuation prevent many players from making long-term investments in BTC, Ethereum, and other popular cryptocurrencies. Robust price changes make the area of cryptocurrencies a second-rate source of investments, and deprives […]

Crypto Clearance: Everything you need to know to remain accountable

AML security crypto clearance
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It’s never been easier to buy crypto, but it’s also never been harder to stay on top of all the tax law and regulations. Here, we’ll guide you through the first steps of getting your crypto clearances in place, as well as how to make sure you’re safely keeping your crypto investments. The government of […]

New Rules in the 2021 Cryptocurrency World

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The world of cryptocurrencies is constantly changing, as governments, markets, and communities continue adapting to the new phenomenon. These transformations were particularly evident in 2020 and the first months of 2021 with the introduction of new regulatory measures. Such changes were expected in the context of the soaring bitcoin prices that breached its historical maximum […]

AML Audit Checklist: How to Follow All the Regulatory Rules

AML audit checklist
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Nowadays, anti money laundering programs are necessary to follow for every enterprise that deals with finances. There are a number of guidelines that regulate the area for AML activities. Failure to comply with these security policies and principles will lead your business to undermined trust and harmful sanctions from regulators.  As we know, ignorance of […]

Layering AML (Anti Money Laundering)

Layering anti money laundering
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Money and financial gain is always the main motive for fraud. Recently, the Fenergo data supplier company has released a report summarizing the biggest cases of scamming in 2020. Their analysis of safety issues found on platforms they operate revealed that the amount of fines for privacy issues increased by 141%. The total sum of […]