KYC News

Know Your Customer is a collective term for the processes which companies employ in order to confirm their customers' real identities. KYC may also be used to refer to government regulations outlining these processes. The purpose of maintaining KYC policies is to prevent such crimes as financial fraud, identity theft, money laundering and terrorism financing.

Bitcoin Service Providers Increase Foothold in the Mainstream Philippine Market

AUG 11, 2017 | Joshua Althauser

Bitcoin service providers are seeing an increase in mainstream adoption as Filipinos are increasingly using Bitcoin for remittances, payments of utility bills and other daily transactions.

17860 | 1

Philippines Central Bank Sees Demand for License Applications for Cryptocurrency Exchanges

JUL 28, 2017 | Joshua Althauser

The Philippines' central bank expects that there will be few companies in the country that will be applying for a license to offer a cryptocurrency exchange service.

6954 | 4

Can Blockchain Be Key to Overcoming AML Challenge in Cryptocurrency?

JUL 27, 2017 | Guest Author

Special Counsel Roy Keidar of law firm Yigal Arnon & Co examines how Blockchain could provide the answer to the anti-money laundering issues that cryptocurrencies face.

4953 | 1

Texas Congressman Calls for Stricter Cryptocurrency Regulations

JUL 24, 2017 | Joshua Althauser

Digital currency operators and users say cryptocurrency requires relaxation of these regulations to function efficiently. Congressman Williams disagrees, insisting that safeguards and controls will ensure that criminal activities are not aided.

30882 | 27

Chinese Bitcoin Exchanges Demand Users to Explain Sources of Funds

MAR 21, 2017 | Joseph Young

Chinese Bitcoin exchanges have begun to demand users to provide detailed information on the origin of their funds and how they intend to use the funds they acquire.

254 | 5

Trace Mayer Wants Bitcoin to Go Dark in 2017 for Price to Spike

DEC 06, 2016 | Olusegun Ogundeji

Expert wants Bitcoin encrypted for investors in AML/KYC startups to lose their investments.

580 | 6

In the Blockchain Game, Reaction Time is a Fundamental Competitive Advantage

NOV 20, 2016 | Nick Ayton

In a Blockchain world, the ‘first mover’ matters as there is no time to be second.

86

Bitcoin Exchange Coin.mx Opereator Released on $75,000 Bond

NOV 16, 2016 | Joseph Young

Second Tampa Bay man has been charged for conspiracy and operating an unlicensed money transmitting venture; Ricardo Hill was released on a US$75,000 bond.

718

Trump-Connected Billionaire Peter Thiel: Bitcoin Threatens Fiat, Tax Authorities Can’t Break Codes

NOV 15, 2016 | Joseph Young

Peter Thiel, worth of US$2.7 billion and involved in Trump’s transition team, speaks of the threat bitcoin has on fiat money and the financial freedom it grants to its users.

520 | 4

IBM’s Next Step in Launching One of the World’s Largest Blockchain Implementations?

NOV 14, 2016 | Olusegun Ogundeji

IBM partners Singaporean startup to launch a Blockchain project that will reduce bank's time and cost on KYC.

123

Moneygram CEO: “The More We Know About You, The Easier It Is to Send Money”

OCT 28, 2016 | Joseph Young

In an interview with Cointelegraph, Alex Holmes, Moneygram CEO, cited importance of KYC (Know Your Customer) regulations and user verification.

33 | 2

Blockchain Could Have Prevented The Wells Fargo Scam

SEP 22, 2016 | Iyke Aru

Wells Fargo scam was possible due to non-transparent data management. Could implementation of the Blockchain have helped?

87 | 1

Centralized Exchanges are “Honeypots for Thieves”, Says Expert

AUG 09, 2016 | Olusegun Ogundeji

Hackers exploit the middleman in centralized exchanges which is a central point of failure. CoinTelegraph spoke to Mihail Mihaylov, Bitsquare’s Chief Decentralist, about the matter.

61

Evolve or Perish say Bain & Company to Banks on Using Bitcoin Blockchain

JUL 28, 2016 | Shivdeep Dhaliwal

Banks are not moving fast enough to adopt the Blockchain and this may lead to their quick demise.

27 | 2

Coinbase Asks Users for LinkedIn Info, Citing “Know Your Customer” Policy

APR 01, 2016 | Charlie McCombie

The popular Bitcoin exchange and wallet provider, Coinbase, has begun asking for LinkedIn information as part of their ‘Know Your Customer’ programme

21

Texas Congressman Calls for Stricter Cryptocurrency Regulations

JUL 24, 2017 | Joshua Althauser

Digital currency operators and users say cryptocurrency requires relaxation of these regulations to function efficiently. Congressman Williams disagrees, insisting that safeguards and controls will ensure that criminal activities are not aided.

30882 | 27

Bitcoin Service Providers Increase Foothold in the Mainstream Philippine Market

AUG 11, 2017 | Joshua Althauser

Bitcoin service providers are seeing an increase in mainstream adoption as Filipinos are increasingly using Bitcoin for remittances, payments of utility bills and other daily transactions.

17860 | 1

Philippines Central Bank Sees Demand for License Applications for Cryptocurrency Exchanges

JUL 28, 2017 | Joshua Althauser

The Philippines' central bank expects that there will be few companies in the country that will be applying for a license to offer a cryptocurrency exchange service.

6954 | 4

Can Blockchain Be Key to Overcoming AML Challenge in Cryptocurrency?

JUL 27, 2017 | Guest Author

Special Counsel Roy Keidar of law firm Yigal Arnon & Co examines how Blockchain could provide the answer to the anti-money laundering issues that cryptocurrencies face.

4953 | 1

Bitcoin Exchange Coin.mx Opereator Released on $75,000 Bond

NOV 16, 2016 | Joseph Young

Second Tampa Bay man has been charged for conspiracy and operating an unlicensed money transmitting venture; Ricardo Hill was released on a US$75,000 bond.

718

Trace Mayer Wants Bitcoin to Go Dark in 2017 for Price to Spike

DEC 06, 2016 | Olusegun Ogundeji

Expert wants Bitcoin encrypted for investors in AML/KYC startups to lose their investments.

580 | 6

Trump-Connected Billionaire Peter Thiel: Bitcoin Threatens Fiat, Tax Authorities Can’t Break Codes

NOV 15, 2016 | Joseph Young

Peter Thiel, worth of US$2.7 billion and involved in Trump’s transition team, speaks of the threat bitcoin has on fiat money and the financial freedom it grants to its users.

520 | 4

Chinese Bitcoin Exchanges Demand Users to Explain Sources of Funds

MAR 21, 2017 | Joseph Young

Chinese Bitcoin exchanges have begun to demand users to provide detailed information on the origin of their funds and how they intend to use the funds they acquire.

254 | 5

IBM’s Next Step in Launching One of the World’s Largest Blockchain Implementations?

NOV 14, 2016 | Olusegun Ogundeji

IBM partners Singaporean startup to launch a Blockchain project that will reduce bank's time and cost on KYC.

123

Blockchain Could Have Prevented The Wells Fargo Scam

SEP 22, 2016 | Iyke Aru

Wells Fargo scam was possible due to non-transparent data management. Could implementation of the Blockchain have helped?

87 | 1

In the Blockchain Game, Reaction Time is a Fundamental Competitive Advantage

NOV 20, 2016 | Nick Ayton

In a Blockchain world, the ‘first mover’ matters as there is no time to be second.

86

Centralized Exchanges are “Honeypots for Thieves”, Says Expert

AUG 09, 2016 | Olusegun Ogundeji

Hackers exploit the middleman in centralized exchanges which is a central point of failure. CoinTelegraph spoke to Mihail Mihaylov, Bitsquare’s Chief Decentralist, about the matter.

61

Moneygram CEO: “The More We Know About You, The Easier It Is to Send Money”

OCT 28, 2016 | Joseph Young

In an interview with Cointelegraph, Alex Holmes, Moneygram CEO, cited importance of KYC (Know Your Customer) regulations and user verification.

33 | 2

Evolve or Perish say Bain & Company to Banks on Using Bitcoin Blockchain

JUL 28, 2016 | Shivdeep Dhaliwal

Banks are not moving fast enough to adopt the Blockchain and this may lead to their quick demise.

27 | 2

Coinbase Asks Users for LinkedIn Info, Citing “Know Your Customer” Policy

APR 01, 2016 | Charlie McCombie

The popular Bitcoin exchange and wallet provider, Coinbase, has begun asking for LinkedIn information as part of their ‘Know Your Customer’ programme

21

Texas Congressman Calls for Stricter Cryptocurrency Regulations

JUL 24, 2017 | Joshua Althauser

Digital currency operators and users say cryptocurrency requires relaxation of these regulations to function efficiently. Congressman Williams disagrees, insisting that safeguards and controls will ensure that criminal activities are not aided.

30882 | 27

Trace Mayer Wants Bitcoin to Go Dark in 2017 for Price to Spike

DEC 06, 2016 | Olusegun Ogundeji

Expert wants Bitcoin encrypted for investors in AML/KYC startups to lose their investments.

580 | 6

Chinese Bitcoin Exchanges Demand Users to Explain Sources of Funds

MAR 21, 2017 | Joseph Young

Chinese Bitcoin exchanges have begun to demand users to provide detailed information on the origin of their funds and how they intend to use the funds they acquire.

254 | 5

Trump-Connected Billionaire Peter Thiel: Bitcoin Threatens Fiat, Tax Authorities Can’t Break Codes

NOV 15, 2016 | Joseph Young

Peter Thiel, worth of US$2.7 billion and involved in Trump’s transition team, speaks of the threat bitcoin has on fiat money and the financial freedom it grants to its users.

520 | 4

Philippines Central Bank Sees Demand for License Applications for Cryptocurrency Exchanges

JUL 28, 2017 | Joshua Althauser

The Philippines' central bank expects that there will be few companies in the country that will be applying for a license to offer a cryptocurrency exchange service.

6954 | 4

Evolve or Perish say Bain & Company to Banks on Using Bitcoin Blockchain

JUL 28, 2016 | Shivdeep Dhaliwal

Banks are not moving fast enough to adopt the Blockchain and this may lead to their quick demise.

27 | 2

Moneygram CEO: “The More We Know About You, The Easier It Is to Send Money”

OCT 28, 2016 | Joseph Young

In an interview with Cointelegraph, Alex Holmes, Moneygram CEO, cited importance of KYC (Know Your Customer) regulations and user verification.

33 | 2

Blockchain Could Have Prevented The Wells Fargo Scam

SEP 22, 2016 | Iyke Aru

Wells Fargo scam was possible due to non-transparent data management. Could implementation of the Blockchain have helped?

87 | 1

Can Blockchain Be Key to Overcoming AML Challenge in Cryptocurrency?

JUL 27, 2017 | Guest Author

Special Counsel Roy Keidar of law firm Yigal Arnon & Co examines how Blockchain could provide the answer to the anti-money laundering issues that cryptocurrencies face.

4953 | 1

Bitcoin Service Providers Increase Foothold in the Mainstream Philippine Market

AUG 11, 2017 | Joshua Althauser

Bitcoin service providers are seeing an increase in mainstream adoption as Filipinos are increasingly using Bitcoin for remittances, payments of utility bills and other daily transactions.

17860 | 1

Coinbase Asks Users for LinkedIn Info, Citing “Know Your Customer” Policy

APR 01, 2016 | Charlie McCombie

The popular Bitcoin exchange and wallet provider, Coinbase, has begun asking for LinkedIn information as part of their ‘Know Your Customer’ programme

21

Centralized Exchanges are “Honeypots for Thieves”, Says Expert

AUG 09, 2016 | Olusegun Ogundeji

Hackers exploit the middleman in centralized exchanges which is a central point of failure. CoinTelegraph spoke to Mihail Mihaylov, Bitsquare’s Chief Decentralist, about the matter.

61

IBM’s Next Step in Launching One of the World’s Largest Blockchain Implementations?

NOV 14, 2016 | Olusegun Ogundeji

IBM partners Singaporean startup to launch a Blockchain project that will reduce bank's time and cost on KYC.

123

Bitcoin Exchange Coin.mx Opereator Released on $75,000 Bond

NOV 16, 2016 | Joseph Young

Second Tampa Bay man has been charged for conspiracy and operating an unlicensed money transmitting venture; Ricardo Hill was released on a US$75,000 bond.

718

In the Blockchain Game, Reaction Time is a Fundamental Competitive Advantage

NOV 20, 2016 | Nick Ayton

In a Blockchain world, the ‘first mover’ matters as there is no time to be second.

86