Crystal Blockchain’s Monthly Digest - June 2023
Crystal Intelligence
Blockchain intelligence and compliance solutions for financial institutions, governments & regulators
MiCA delivers certainty for EU crypto markets
EU recently approved the final version of the Markets in Crypto-Assets Regulation (MiCA). This marks a significant step towards establishing a comprehensive regulatory framework for cryptocurrencies and digital assets within the EU.
Prepare your Compliance Team for MiCA Regulations
Use our handy timeline to get a view of developments relating to MiCA . The timeline starts from the MiCA proposal date, marking milestones until its implementation.
Why enforcement agencies need credible blockchain analytics tools
Nick Smart, Crystal’s Director of Intelligence, discusses the top reasons why enforcement agencies need reliable and credible blockchain analytics tools for crypto investigations.
These include the need for transparency, data integrity, powerful visualization tools and automation.
Read more to learn how these features can help produce more successful investigations.
Crystal and NAUSS partner to deliver training in Financial Integrity
We recently delivered training courses in Cyber Security and Digital Forensics in partnership with Case Western Reserve USA for Naif Arab University for Security Sciences.?
Iran’s love-hate relationship with crypto: looking beyond on-chain data
Crypto adoption in Iran is increasing despite the ban on their use as a substitute for Iranian Rials (IRR)/Tomans for domestic transactions.
As of late 2021 up to around one in seven Iranians owned cryptocurrencies, and daily transfers were estimated at around USD 180 million.
Read on to learn more about Iran’s love-hate relationship with crypto and what it means for the industry.
Basel guidance on crypto risks for banks
In December 2022, the Basel Committee on Banking Supervision announced a new standard for banks which provides some essential clarity in crypto regulation. It also defined how to classify cryptocurrencies and made provisions to minimize the risks associated with cryptocurrency exposure.
The new standard is expected to contribute to international regulatory harmonization, help maintain financial stability, and promote responsible innovation.?
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Coming up in July:
Don’t miss out on the Crystal Certified Crypto Asset Essentials Course
This course is designed for those new to blockchain and cryptocurrency. It will provide you with an understanding of the core concepts of cryptocurrencies based on blockchain technology, and the basics of crypto risk management.
Our training courses are delivered online by our team of specialists who have expertise in enforcement, regulation and intelligence.
CURRENT OPENINGS:
??27 & 28 July:
Crystal Certified Crypto Asset Essentials
This is a foundation-level course suited to those starting out in cryptocurrencies.
??10 & 11 August:
Crystal Certified Crypto Research and Investigation Specialist
This is an advanced level course — a good knowledge of cryptocurrencies is required.
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Take a look at our Careers page and get in touch!
Contact Crystal Blockchain for your crypto compliance needs.?
About Crystal
Our all-in-one blockchain analytics tool for crypto AML compliance provides blockchain analytics and crypto transaction monitoring for thousands of cryptocurrencies in real-time.
Crystal Blockchain works globally with customers in the digital asset industry, banking, and FI sectors. We help streamline their Know Your Transaction (KYT) and Anti-Money Laundering (AML) procedures for meeting international compliance standards.
To discover how Crystal can help you trace illicit flows of funds, contact us here.