The blocking of funds on cryptocurrency exchanges has become more frequent. Below we consider cases of fund blocking, reasons, and protection methods.
Recent Precedents
Several notable cases highlight the importance of precautionary measures. In 2018, the Bitfinex exchange faced a freeze on assets following an investigation into suspected financial regulatory violations. In 2021, Tether Limited froze $30 million after a law enforcement request concerning blacklisted transactions.
Why Verifying Cryptocurrency is Important
Checking the 'purity' of cryptocurrencies helps ensure security and compliance with regulatory requirements. It is a way to protect assets and comply with anti-money laundering requirements, important for private investors and companies.
Solutions for Safe Cryptocurrency Operations
Verifying assets is necessary to avoid regulatory issues. Tools like AML SCREENING CENTER help verify crypto assets to reduce the risks of fund blockage.
Verifying cryptocurrency assets for AML compliance is important in the context of growing regulation.
