News

A number of U.S. digital currency exchanges are struggling to adapt their anti-money laundering programs to accommodate a deluge of new customers, sources told ACAMS moneylaundering.com. Public enthusiasm has grown commensurately with the value of Bitcoin, which climbed from about $1,000 last January to more than $19,000 last month before settling at around $11,000 on Monday. Coinbase, a San Francisco-based exchange, recently claimed it doubled its number of customers to more than 10 million over the course of last year, with other data suggesting more than 100,000 joined in a single 24-hour period in December. Bitcoin’s growth aside, efforts to...