Opinion
Zero-knowledge proofs and reputation systems could reshape compliance and preserve privacy in DeFi.
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KYC News
Know Your Customer, or KYC, compliance means collecting certain information from customers to confirm their identities and to comply with any regulatory requirements. These requirements can include aspects such as restricting access to citizens of a certain jurisdiction. Depending on the involved country, laws and regulations often obligate businesses to complete KYC processes.
KYC has become more common in the crypto space, in line with increasing regulatory overwatch. Binance KYC became a more significant talking point after the exchange announced in 2019 that it would ban customers of certain regions, such as the United States. KYC and AML, or Anti-Money Laundering — the process of verifying customers and the source of their funds — often go hand in hand.
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A Chainalysis report has revealed that US-sanctioned jurisdictions, including Iran and Russia, moved $15.8 billion in crypto in 2024, with mixing services aiding evasion.
2754 - News
Upbit must respond to the FSC’s suspension notice by Jan. 20 or face restrictions on new registrations on the platform for six months.
2763 - Opinion
Innovative challengers are building compliance into their DNA and outcompeting established players.
880 - Recap
Problems with bots and fake engagement can be solved with KYC and robust ID score systems, as suggested by Kenneth Michael of Rewardable.
7172 - News
As crypto exchanges face regulatory challenges globally, Bitget chief operating officer Vugar Usi Zade emphasized compliance and innovation for sustainable growth.
15900 - Analysis
Experts emphasize that a single hack can erase a person’s pseudonymity all at once, and personalized AI is making it harder than ever to preserve.
1574 - News
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with its business license renewal.
4492 - Overview
The former president’s DeFi token saw poor sales for various issues, including restrictions on who can invest, non-transferability and others
15111 - Explained
Non-KYC crypto exchanges expose users to significant legal risks, including liability for money laundering, asset seizure and tax compliance issues.
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Non-KYC exchanges are trending due to their appeal of offering anonymity, privacy and easier access for users who want to avoid identity verification requirements.
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The new AI-powered tool, customized specifically to target crypto exchanges and financial platforms represents “a new level of sophistication” in fraud, says cybersecurity firm Cato.
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Crypto exchange Kraken has announced the delisting of Monero in the European Economic Area to maintain compliance with EU regulations.
8170 - News
Topper’s on-ramp entrance to Ledger Live comes at a time when Ledger supports only one off-ramp solution.
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Reddit’s Bitcoin community remains optimistic about BTC, but members are still eager to discuss the most valid concerns regarding Bitcoin's future.
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