David Marcus, head of Facebook’s crypto wallet Calibra, stressed that Facebook will launch the Libra cryptocurrency project only after they address all regulato...
KYC News
Know your customer or KYC is a process of identifying and verifying identities of customers by businesses. The term is commonly used to refer to governmental anti-money laundering regulations in banking, financial and stock market activities. KYC mostly incorporates four key elements: acceptance policy, identification procedures, transaction monitoring and risk management. The growing concern about the use of cryptocurrency for money laundering led authorities to apply KYC on the cryptocurrency market and services. Most of these platforms will have to adopt cryptocurrency KYC and require clients to get through verification procedure in order to operate within their platform. KYC has its advantages as it can help with fighting the funding of terrorism and money laundering. However, complications within the crypto-market may slow down its development.
- News
- Analysis
Experts and Lawmakers call for caution over potential risks of Facebook’s Libra cryptocurrency to the global financial industry.
- News
Polish cryptocurrency exchange BitMarket announced its shutdown in a message appearing on its official website.
- Analysis
by Samuel Haig
Oxfam issued tap-and-pay cards loaded with $50 worth of DAI to 200 Vanuatu citizens to use via Sempo’s payment platform, following six weeks of direct consultat...
- Analysis
Centre consortium founders Coinbase and Circle open invitations to other institutions wishing to issue USD Coin.
- Analysis
Korean banks push for blockchain adoption as former high-level officials join the space.
- Analysis
Binance blocks traders in 29 other countries from its DEX website but say affected users can utilize supported wallet apps or VPNs to bypass the restriction.
- News
The decentralized exchange developed by Binance warns that it will block website access from 29 countries.
- News
The Australian Securities and Investment Commission published new initial coin offering and cryptocurrency guidelines.
- News
Compliant tokenization startup Standard Tokenization Protocol announced that it secured $7 million in funding.
- In depth
Top fiat-to-crypto exchanges are adopting market surveillance technologies. Of all crypto-to-crypto exchanges, only Binance has one.
- News
Pennsylvania-based Ben Franklin Technology Partners will tokenize shares of its Philadelphia investment fund.
- Analysis
Pakistan’s government is working to bring the nation into the crypto sector.
- News
A recent report by the WEF states that at least 40 central banks around the world are currently or soon will be experimenting with central bank digital currenci...
- News
by Helen Partz
Binance has partnered with risk management firm IdentityMind to address the exchange’s KYC and AML compliance.
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