News
Crypto.com has chosen CipherTrace's specialized compliance tool to help it fulfill the complex requirements of the FATF's industry-shaping “travel rule.”
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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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An all-in-one blockchain that can be configured as a public, personal, or enterprise platform makes the case that it is the fastest and most scalable platform on the market.
10311 - Opinion
Questions around cryptocurrency assessments gain momentum, which brings some nuanced challenges in assessing crypto’s place in M&A.
8475 - News
Dubai’s Department of Economic Development wants to accelerate the total adoption of UAE KYC — the national Know Your Customer standard running on blockchain technology.
10117 - Opinion
Traditional finance is built not on collateral but on reputation, and DeFi will grow by following suit.
16497 - Opinion
The bull market effect has made Know Your Customer regulation more important than ever for cryptocurrency exchanges.
15475 - News
Japan has been a member of the FATF since 1990.
4129 - Follow up
The growing cost of compliance in South Korea could push smaller crypto businesses out of the country.
8615 - News
Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators' new requirements.
10401 - News
South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.
5134 - News
The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering.
6948 - News
Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state.
10642 - News
The Financial Action Task Force is looking to adapt its guidance standards for stablecoins and crypto peer-to-peer transactions.
7109 - Opinion
The global monetary landscape will have everyone storing electronic money, cryptocurrencies and central bank digital currencies in one bank.
27104 - Opinion
If we want to achieve mainstream adoption, we must move toward an industry where DeFi can also serve legacy financial institutions.
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