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Hash Time-Locked Contracts (HTLC)

HTLCs require the recipient of payment to acknowledge their reception of payment prior to a deadline by generating a cryptographic proof of payment. If they do not do this, they risk losing the rights to claim payment, which would return the payment back to the sender.

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High Risk Exchange

There are several factors that determine when an entity is categorized as a “High Risk Exchange”. These factors include, but are not limited to, the following: they are known bad actors, intentionally try to circumvent AML and/or KYC measures, are known to regularly fail to cooperate with law enforcement and regulators, etc.

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Hosted Wallet

A Hosted wallet is an online service where a user’s bitcoins are stored by a third party (e.g., a cryptocurrency exchange.) In their Interpretive Letter #1172, the Office of the Comptroller of the Currency (OCC) defines a hosted wallet as “an account-based software program for storing cryptographic keys controlled by an identifiable third party. These…

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HYIP

A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. Most of these scams work from anonymous offshore bases which make them difficult to track down.

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