4 A B C D E F G H I J K L M N O P R S T U W

Trading Platforms

Trading platforms function as marketplaces, bringing together buyers and sellers of virtual currencies by providing them with a platform on which they can offer and bid among themselves. In contrast to exchanges, the trading platforms do not engage in buying and selling themselves. Some trading platforms give their customers the option of locating potential customers

Read More »

Transaction Fee

Transaction Fees are earned by miners when a transaction is completed. The minimum transaction fee required is determined by the “size” (kilobytes) of the transaction data. Most small transactions require a fee of about 0.0001 BTC and transactions with larger fees are given priority to be added to the block, so they are usually confirmed

Read More »

Ultimate Beneficial Owner: UBO

Who is a company’s Ultimate Beneficial Owner? A UBO or ‘Ultimate Beneficial Owner’ is a natural person or persons with direct control over a registered business entity.  Who is a company’s Ultimate Beneficial Owner? Individuals that possess a minimum capital stake of 25% stake in the legal entity Individuals that possess a minimum voting right

Read More »

USA’s Commodity Futures Trading Commission (CFTC)

Origins of the CFTC The CFTC (Commodity Futures Trading Commission), created by the U.S. Congress with the Commodity Futures Trading Commission Act, is an independent US government agency. It was created in 1974 to replace the U.S. Department of Agriculture’s Commodity Exchange Authority, whose remit was the regulation of trading in specific commodity futures, increasing

Read More »

USA’s Securities and Exchange Commission (SEC)

The Securities Exchange Commission or ‘SEC’ is the United States of America’s financial regulatory authority overseeing U.S. financial markets (i.e. assets’ trading, sale, false advertising, etc). Created in the 1920s to protect against existential risks related to the financial system, the SEC is an independent agency of the USA responsible for enforcing federal securities laws,

Read More »

What is 5th Anti Money Laundering Directive (5AMLD)

What is the 5th Anti Money Laundering Directive? The 5th Anti-Money Laundering Directive or ‘5AMLD’ is a European Union directive notable for being the first to set out regulatory guidelines on anti-money laundering with the use of crypto assets. 5AMLD came into effect on January 10th, 2020. As well as the inclusion of crypto-businesses in

Read More »

What is Blockchain Analytics?

What is Blockchain Analytics?  In order to understand what blockchain analytics is and how it works, we need to understand the principles of what a blockchain itself is and how it functions.  A blockchain is a decentralised database – a digital ledger – and is also referred to as a cryptographic-distributed ledger. In stark contrast

Read More »

Wolfsberg Group

What is Wolfsberg Group The Wolfsberg Group is an association of thirteen global banks that focuses on providing financial institutions (FIs) with KYC, AML and CFT frameworks and guidance to properly mitigate financial crime risk. FIs are entrusted to adhere to these guidelines on a risk-based approach in order to meet their risk appetite. The WG, however, does not have legislative authority.

Read More »