Explained
As Pi Network prepares for its June 28 mainnet migration, several users are facing KYC failures and wallet errors, raising concerns about the platform’s readiness for open blockchain adoption.
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.
- Opinion
The crypto community is missing the opportunity to reimagine rather than transpose rulemaking for financial services. More technologists must join the regulatory conversation.
1002 - News
FTX creditors are awaiting progress on at least $2.2 billion worth of disputed claims, with some users reporting issues with the KYC verification process.
2615 - News
Zebec’s move reflects a shift toward embedding compliance at the protocol level, with firms facing more stringent regulatory requirements.
7321 - Analysis
A Coinbase insider scandal exposed 70,000 users’ personal data, triggering debates on rethinking crypto’s KYC systems.
6830 - News
Coinbase users claimed the exchange failed to notify them about the collection, storage, sharing and retention schedule of their biometric data.
3334 - Explained
Despite blockchain’s decade-long presence in finance, many industry veterans remain skeptical about its practicality and necessity.
- News
As the Russian government reportedly eyes ruble-backed stablecoins, a local industry executive warned that a viable “Tether replica” would require a lot of effort.
3202 - Report
Coreum’s blockchain framework is designed for institutional use. It features deterministic fees, compliance integration and interoperability for regulated asset tokenization. A new report by Cointelegraph Research examines the blockchain ecosystem.
10093 - News
The new Uniswap integration promises to bring compliance to DeFi without compromising financial privacy.
8591 - Opinion
Zero-knowledge proofs and reputation systems could reshape compliance and preserve privacy in DeFi.
1285 - News
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.
3101 - 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.
2916 - Opinion
Innovative challengers are building compliance into their DNA and outcompeting established players.
983 - Recap
Problems with bots and fake engagement can be solved with KYC and robust ID score systems, as suggested by Kenneth Michael of Rewardable.
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