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. 

News
Dutch users need to provide the recipient's full name, the purpose of transfer and full residential address to move digital assets off the platform.
Coinbase to track off-exchange transactions from Dutch customers
Zhiyuan Sun
2022-06-23T20:30:00+01:00
4207
News
Delo was allowed to leave the country to travel to Hong Kong where he is a resident, bringing to a close his part in the legal saga which began in 2020.
BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation
Jesse Coghlan
2022-06-16T06:35:50+01:00
1469
Opinion
Regulations are coming, and DEXs need to step it up to survive, requiring KYC to weather the upcoming regulatory storm.
Identity is the antidote for DEXs’ regulation problem
Bob Reid
2022-05-29T06:12:00+01:00
2744
News
Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest ...
Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap
Arijit Sarkar
2022-05-21T07:05:57+01:00
3492
News
The regulatory agency asked crypto firms to adopt methods to ensure greater risk assessment for potentially problematic transactions.
NYDFS calls for crypto firms to use blockchain analytics
Zhiyuan Sun
2022-04-28T22:25:00+01:00
1331
Analysis
The notion of crypto being a tool for money laundering is often propagated by naysayers that include policymakers with a stake in the traditional financial syst...
Blockchain and crypto can be a boon for tracking financial crimes
Prashant Jha
2022-04-28T15:40:00+01:00
2504
Market Analysis
Bitcoin options markets are pricing further downside while margin traders are going increasingly long.
Is Bitcoin 'cheap' below $40,000? BTC derivative metrics are mixed
Marcel Pechman
2022-04-18T19:30:00+01:00
4653
News
Bitstamp now requires users to provide info like nationality, place of birth and tax residency, in addition to documents proving the origin of crypto and the an...
Bitstamp asks users to update the source of their crypto, citing regulatory compliance
Helen Partz
2022-04-15T14:09:37+01:00
3160

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