web analytics
🥇 The Best Online Casinos Who Accept Cryptocurrency For 2020 ✔️
1st Deposit Bonus:
1 BTC
Bonus for New Players
100% MATCH BONUS
5.0 rating
5.0
1st Deposit Bonus:
100 EUR
Bonus for New Players
100% MATCH BONUS
4.8 rating
4.8
1st Deposit Bonus:
2 BTC
Bonus for New Players
100% MATCH BONUS
4.5 rating
4.5

Simplecoin Shuts Down Amidst Regulatory Uncertainties

Simplecoin Shuts Down Amidst Regulatory Uncertainties

Simplecoin, one of the most credible Bitcoin mining pools, has announced that it would shut down operations on January 1, 2020, due to the impending implementation of the fourth European Union Anti-Money-Laundering (AML) Directive by member states,

according to a press release on December 15, 2019. Simplecoin Kicks the Bucket Simplecoin, a bitcoin (BTC) mining

Read MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

Source: Simplecoin Shuts Down Amidst Regulatory Uncertainties

One Reply to “Simplecoin Shuts Down Amidst Regulatory Uncertainties”

  • Avatar
    Lukas says:

    It’s a bit shame that such huge mining pool is closing down, but let’s face the truth – there should be no exceptions when it comes to AML regulatory compliance, safety comes first. It’s better to shut down such project and so later they’ll be back with something adjusted better to the law. Too many crimes are connected with cryptocurrencies and introducing AML and KYC is most probably the most efficient way to handle this situation. Coinfirm which has become a global leader in AML solution and blockchain analytics could be a solution here, because of their AML platform launched. Recently, they’ve updated their Standard AML risk reports to make it even better.

Leave a Reply

Your email address will not be published. Required fields are marked *

NOT REQUIRED
Bonus Code
Get 25 FREE SPINS on Book of Dead
NOT REQUIRED
Bonus Code
1.5 mBTC FREE
Valid Until: Dec 31, 2020
NOT REQUIRED
Bonus Code
100% match bonus based on first deposit of £/$/€20+. Additional bonuses.
Valid Until: Dec 24, 2019
N/A
Bonus Code
100% match bonus based on first deposit of £/$/€20+. Additional bonuses.
Valid Until: Dec 31, 2019