We build efficient and easy-to-use solutions for crypto owners, businesses, and financial entities to: ☑️ Automate and streamline transaction screening for AML/СFT risks ☑️ Track portfolio, file tax reports, and safeguard against illicit crypto assets ☑️ Manage crypto accounting Crafted by experienced developers in WEB3 and FinTech, our products seamlessly integrate with all major wallets, blockchains, exchanges, and tokens, with ongoing integration expansion. Headquartered in Dubai. Focused on Asia, MENA, and CIS at most.
رابط خارجي لـ BitOK
Anti-Money Laundering solutions, created by professionals in AML compliance and Web3 security. BitOK analyzes and filters user-based compliance data, flagging suspicious activities in real time and protecting businesses against illegal streams to enable compliance with global anti-money laundering regulations. ✔️ Up-to-date risk scoring summary obtained by multi-layered analytical data processing algorithms ✔️ Corporate account to record all incoming and outgoing transactions and manage KYT processes ✔️ Automated or manual checks of transactions and wallets ✔️ In-depth risk scoring reports
Dubai، AE
أعاد BitOK نشر هذا
Dmitry Machikhin Joins #BlockchainLife2024 in Dubai Meet the Founder & CEO of BitOK, and 10,000+ attendees on October 22-23. The AI-powered translation of speeches to 70 languages is included in the ticket. ⚡️ Buy your ticket to the Crypto Event of the Year: https://lnkd.in/eFsNAzay
🚀🌌 What's the connection between ELON MUSK & BitOK? Well, not much, except that we're both flying. He's heading to Mars, and we're off to Dubai for one of the coolest crypto events of 2024: Blockchain Life 2024. Catch Dmitry Machikhin - representing our company as leading AML providers in the MENA and CIS regions – on stage at #BlockchainLife2024 in Dubai! Join 8000+ attendees at the Crypto Event of the Year. 🎟️ Buy tickets: https://lnkd.in/ejQxx2fD
🔍 Solana Scam Alert In the past few months, approximately 5,000 projects per day have been launched on Solana network. Many of these projects, for the sake of convenience, are utilizing various scam services for token minting, liquidity burning, and other operations. How It Works: 🚫 An example of such a fraudulent service is solana.keyglowmax.com. To burn tokens on Solana, simply sending them to a dead address is not sufficient; one needs to invoke the burn function. This particular service claims to burn 0.1% of tokens, while the remaining 99.9% is sent to a generated "burn..." address. In reality, your crypto ends up in the hands of scammers instead of being burned. 📌 Example (screen 1) 🔗 Some scammer addresses: Burn2Uz7WAMYsQwW51oSiPNxojn3LySAzoT6Sug5czxR BURn2KVS34ttjYjvbLEzDpLXCB2hTKxVUPoVxHCfY99o BuRnyE2q7dFvnA7HUKb6XQqE7FnBKR1bnJ3qn76XdtGg BurnytPnozqH5Nkxrm4YHEFFqGr55iXv7hTj11pgc8f burn68h9dS2tvZwtCFMt79SyaEgvqtcZZWJphizQxgt 👀 Stay vigilant, and together, let's make the ecosystem safer.
💡 Just in from our partner Cyber Bee! Explore the latest blog article on "Blockchain Development and AML Practices." CyberBee breaks down the fusion of blockchain and Anti-Money Laundering (AML) practices, highlighting the crucial role AML compliance plays in mitigating risks and fortifying the financial ecosystem. Explore key insights: ✨ Cryptocurrency Anonymity 👮♂️ Adoption of AML in #Crypto 🚨 Illicit Activities ✅ #AML Compliance Solutions 🚀 Stay ahead in the dynamic world of Web3 and cryptocurrency. Read the full article here. 👉 https://lnkd.in/dADgMSzq
Crypto Chronicles 🌍 #US, UK and Australia step up sanctions on crypto facilitators linked to Hamas. ⛪ Online pastor claims divine guidance in $3M #crypto scam, promising a 10x return to followers. 🇺🇸 Coinbase challenges SEC in federal court on Jan. 17, shaping the future of U.S. crypto tokens. 🇪🇺 EU extends Anti-Money Laundering guidance to crypto firms in the ongoing fight against financial crime. 💸 IRS exempts transactions over $10K from crypto tax obligations, without specifying new reporting regulations.
Losses from #crypto incidents in Q4 2023 dropped by 70% November emerged as the most "painful" month, witnessing three major incidents: 🥺 Heco Bridge (over $86.2 million in losses) 🥺 KyberSwap (over $45.2 million in losses) 🥺 HXA Token (over $29.5 million in losses) The fourth quarter proved to be the only one in 2023 where, in two out of three months, over 90% of incidents were attributed to the Ethereum ecosystem (with nearly 99% in November alone). 🔗 Read the full analytical report on our blog: https://lnkd.in/e99YH-39
Crypto Chronicles 🌐 Tether accuses UN of neglecting stablecoin benefits in developing economies. 🇮🇳 #Binance, OKX investors targeted after FIU's noncompliance notice in India. 🇦🇪 OKX gets a conditional #crypto license in Dubai for VASP services. 🌏 #UN flags crypto in Southeast Asia's illicit economies and the "gray" casino industry. 🇰🇷 South Korea explores crypto mixer regulations, mirroring the US model with potential sanctions
Crypto Chronicles 🌐 🇹🇷 Turkey is finalizing cryptocurrency regulations by defining key terms, licensing platforms, and aligning with FATF standards. 🇰🇷 South Korea proposes banning credit card payments for crypto due to illicit outflows. 🇸🇬 Upbit Singapore secures a Major Payment Institution license for expanded services. 🇭🇳 Honduras' special zone officially recognizes Bitcoin as a unit of account 🇰🇵 North Korean hackers shift $1 million in BTC after weeks of inactivity.
🏦 Bank Crypto Activity Under Scrutiny The European Banking Association (EBA), in collaboration with EU regulators, initiates an investigation into the ties between traditional banks and non-banking financial institutions, including cryptocurrency exchanges. 🎯 Objective: Evaluate the potential risk between banks and non-banking financial institutions. 💰 The total assets of non-banking financial institutions amount to $218 trillion, representing nearly half of global assets (46%). Earlier, the EBA proposed measures to combat money laundering in the crypto sector, advocating for stricter standards applicable to all crypto asset service providers.
Crypto Chronicles 🌐 🇺🇸 Dec. 29 cutoff for potential January spot Bitcoin ETF approvals. 🇬🇧 UK's Economic Secretary to discuss crypto firms' bank access. 🇦🇪 UAE revises #AML policies to enforce FATF's Travel Rule. 🇨🇳 China proposes limiting game token conversion to fiat. 🇪🇸 56% surge in registered #crypto firms in 2023 in Spain.