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
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
3622
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
1406
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
2644
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
4677
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
3276
News
The platform intends on leveraging users’ personal financial information such as credit score and AML/KYC to help reduce the collateral needed to take out a DeF...
Reputation DAO: Would you give up privacy for unsecured loans in DeFi?
Brian Newar
2022-04-15T04:31:01+01:00
4032
Interview
In an interview with Cointelegraph, the German politician explains why some forces in the European Parliament have suddenly come out in favor of a Bitcoin ban.
MEP Stefan Berger: ‘Yes, we need regulations, but you still have to leave room to breathe’
Veronika Rinecker
2022-04-14T10:35:18+01:00
1621
News
Launched in late 2021, the Cronos network has amassed over 450,000 DeFi and NFT users, requiring proper compliance tools.
Crypto.com’s Cronos partners with Chainalysis to track CRC-20 tokens
Helen Partz
2022-04-13T13:00:00+01:00
4879

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