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
Civic’s Ignite Pass aims to combat bots targeting NFT drops on the Solana network by verifying video-based selfies using artificial intelligence.
Civic launches free tool to combat NFT-hungry bots on Solana
Brian Quarmby
2021-11-09T03:16:06+00:00
6282
News
Sri Lanka’s recent economic uncertainty seems to be the driving force behind its interest in cryptocurrency and the government's new exploration into KYC techno...
Central Bank of Sri Lanka completes proof-of-concept KYC platform
Arvin Donner
2021-10-28T23:09:53+01:00
8430
Expert Take
U.S. regulators are looking at crypto-related areas, touching on financial regulation, economic innovation and national security.
Crypto in the crosshairs: US regulators eye the cryptocurrency sector
Selva Ozelli
2021-10-24T19:21:00+01:00
10796
Analysis
As the crypto industry continues to develop at a rapid pace, so do the ransomware attacks, but regulators now seem ready to step in.
Crypto adoption in sights: Regulators and industry join to fight ransomware
Shiraz Jagati
2021-10-14T17:21:00+01:00
2076
News
Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges.
Bithumb crypto exchange reportedly bans foreigners without mobile KYC
Arijit Sarkar
2021-09-03T10:03:34+01:00
3158
Opinion
A decentralized exchange reckoning is coming — and it’s bigger than the infrastructure bill — thus, the DeFi community must be ready.
The new episode of crypto regulation: The Empire Strikes Back
Mark Lurie
2021-08-27T14:27:00+01:00
6917
News
“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource ex...
Bitcoin ATM operators set up association to counter money laundering
Helen Partz
2021-08-26T12:37:04+01:00
5898
Opinion
The rise of DeFi improves financial inclusion and should be allowed to flourish in a regulated, and thus protected, environment.
DeFi regulation must not kill the values behind decentralization
Christopher Harding
2021-08-22T14:17:00+01:00
7737

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