BitAML Blog
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BitAML is a compliance advisory firm exclusively serving the Bitcoin and cryptocurrency market. BitAML prepares custom-written AML, cybersecurity, and consumer protection policies, conducts independent AML reviews, and provides on-demand compliance support, annual training, and compliance project management for high-growth potential financial institutions in the cryptocurrency space.
BitAML Blog
2d ago
The Double-Edged Sword of the Crypto Boom Bull markets in cryptocurrency often bring a sense of excitement, optimism, and the promise of high returns. However, this optimism also fuels an influx of new consumers, many of whom are unfamiliar with the nuances of crypto investing. Unfortunately, scammers take advantage of this enthusiasm, exploiting individuals who [...]
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BitAML Blog
1w ago
The Current Regulatory Landscape is Skewed towards Enforcement Over Clarity The SEC’s current stance on cryptocurrency regulation has been a point of contention within the industry. Chair Gary Gensler’s enforcement-heavy approach has resulted in over 100 cases against crypto firms, including high-profile names like Coinbase, Ripple, and Binance. These actions often center on the [...]
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BitAML Blog
3w ago
Donald Trump’s decisive victory over Kamala Harris in the recent election has sparked significant interest within the cryptocurrency community. His evolving stance on digital assets, coupled with a history of pro-business policies, suggests a future where cryptocurrency could flourish under his leadership. Trump’s Evolving Relationship with Cryptocurrency In the past, Donald Trump was skeptical [...]
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BitAML Blog
3w ago
The Intersection of Blockchain and Artificial Intelligence: Emerging Use Cases In today’s rapidly evolving technological landscape, two innovations stand out for their transformative potential: blockchain and artificial intelligence (AI). Individually, they are reshaping industries; together, they promise to unlock new possibilities that could redefine how we interact with data, ensure security, and streamline operations [...]
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BitAML Blog
1M ago
In today’s digital landscape, cybercriminals are continually evolving their tactics to exploit unsuspecting victims. One such emerging threat is vishing, or voice phishing, which has been propelled to new heights with the advent of artificial intelligence (AI). Recent incidents, like the attack on MGM Resorts resulting in losses of about $100 million, highlight the severe [...]
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BitAML Blog
1M ago
Bridging Innovation and Regulation On October 16, 2023, the inaugural California Blockchain Policy & Law Enforcement Summit convened at the Carlsen Center for Innovation and Entrepreneurship at Sacramento State University. The Carlsen Center, renowned for fostering innovation and entrepreneurial spirit, was the perfect backdrop for this landmark event. As attendees arrived, the atmosphere buzzed [...]
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BitAML Blog
2M ago
In the ever-changing landscape of cryptocurrency, wallets have played a pivotal role in how we store, manage, and secure our digital assets. From the early days of basic hardware wallets to today’s sophisticated multi-chain solutions, the evolution of crypto wallets reflects the rapid advancement of the blockchain ecosystem. Let’s explore this journey and understand what [...]
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BitAML Blog
2M ago
How Bitcoin Went From a Niche (Nerd) Experiment to a Major Player in the Global Economy in Just Over a Decade Bitcoin was born in 2009, an idea conceived in an obscure whitepaper published by an unknown party or parties on Halloween. What started as a cryptography experiment has since evolved into a powerful financial [...]
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BitAML Blog
2M ago
California’s cryptocurrency landscape was poised for significant changes with the signing of AB39 in October 2023, a bill that created a new and dedicated regulatory framework for digital financial assets. Recognizing the combination of state budget challenges and the complexity of implementation, the state delayed implementation of licensing and oversight until July 2026. [...]
Read More... from California Delays Implementation of Crypto Money Transmitter License until July 2026
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BitAML Blog
2M ago
In the ever-evolving landscape of blockchain technology, few innovations have captured the public imagination quite like Non-Fungible Tokens (NFTs). Once heralded as the next frontier in digital ownership and creative expression, NFTs experienced a meteoric rise followed by a sobering descent. This article aims to explore the current state of NFTs, examining their journey from [...]
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