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.

Top News

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Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.

Banks with crypto services require new Anti-Money Laundering capabilities

Arunkumar Krishnakumar

2023-03-09T14:41:00+00:00

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The blockchain-based national eKYC banking platform aims to strengthen Anti-Money Laundering capabilities while countering terror financing.

Pakistan banks agree on blockchain-based KYC system development

2023-03-06T07:30:00+00:00

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Blockchain technology — including zero-knowledge proofs — doesn’t yet provide adequate solutions for identity verification.

Why zero-knowledge KYC won't work

2023-02-15T18:04:36+00:00

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Want to keep the government from snooping on your transactional history? Start studying the forensics of crime and privacy on the blockchain.

‘Tracers in the Dark’ presents a fun crime story — and lesson in privacy

2023-01-02T21:53:01+00:00

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The blockchain security firm has uncovered a new tactic used by crypto scammers as the industry continues to improve its fraud detection capabilities.

Crypto scammers are using black market identities to avoid detection: CertiK

2022-11-18T03:48:27+00:00

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While some security issues do exist, major internet outages like the one witnessed across the EU recently cannot really threaten cryptocurrencies or their assoc...

Crypto adoption via regulation: Setting rules for centralized exchanges

2022-11-01T13:01:00+00:00

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An app that brings crypto and fiat together in one place has unveiled a suite of major improvements — and can now be used in the U.S. and Canada.

This platform has just taken a big step to becoming a true crypto super app

2022-10-31T11:03:00+00:00

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Sharing his opinion around crypto regulations, Buterin spoke against the regulations that have an impact on the inner workings of a crypto ecosystem.

Vitalik Buterin ‘kinda happy’ with ETF delays, backs maturity over attention

2022-10-30T05:15:50+00:00

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