KYC Financial News
23.05 / 17:17
security
KYC
Blockchain Technology Helps Enable Reusable KYC Solutions
Know-your-customer (KYC) solutions are becoming increasingly important for crypto companies, financial services firms, and institutions.
12.07 / 12:52
30.05 / 08:49
KYC
ByBit
Hidden Road Halts Client Access to Bybit Over KYC and AML Disagreements- Bloomberg
Hidden Road, a prime brokerage backed by Citadel Securities, has suspended client access to the cryptocurrency trading platform Bybit due to disagreements over know-your-customer (KYC) and anti-money laundering (AML) requirements.
22.11 / 19:39
business
Binance
regulation
Cardano
KYC
end
Binance CEO’s downfall is 'the end of an era' — Charles Hoskinson
In a Nov. 22 YouTube video, Cardano founder Charles Hoskinson reflected on the news that Binance CEO Changpeng "CZ" Zhao has stepped down from the exchange. Hoskinson claimed that this event represents “the end of an era.” He argued that entrepreneurs g will need to comply with regulation or else develop completely permissionless protocols that can’t be regulated.
17.10 / 07:27
business
Stablecoin
Trading
Altcoin
data
KYC
user data
TrueCoin’s third-party vendor breach potentially leaks TUSD user data
Stablecoin TrueUSD (TUSD) announced a potential leak of certain Know Your Customer (KYC) and transaction history data as one of TrueCoin’s third-party vendors got compromised.
15.10 / 17:11
defi
regulation
Uniswap
Money laundering
KYC
KYC hook for Uniswap v4 stirs community controversy
A new hook available on an open-source directory for Uniswap V4 hooks is sparking controversy within the crypto community. The hook enables users to be checked for Know Your Customer (KYC) before they can trade on a pool.
06.10 / 10:17
Blockchain
interview
KYC
OKX
OKX exec says KYC will ‘raise the bar,’ bring real capital into crypto: Blockchain Economy Dubai 2023
While some areas of the crypto space focus on privacy and anonymity, others focus on raising the standards within the space and on bringing in traditional players and more capital in the world of digital assets.
06.10 / 10:17
regulation
Web3
DAO
KYC
UK must loosen KYC demands for crypto to outpace US in Web3 — Think tank
The United Kingdom has an opportunity to capitalize on the departure of Web3 firms leaving the United States due to regulatory uncertainty. But to achieve that, the U.K. will need to follow its own regulatory path, smoothing the requirements for crypto in some regard, according to a think tank.
12.09 / 18:49
Kucoin
BLOCK
Platform
Align
KYC
Bitget
Crypto KYC Regulations Expected to Get Stricter, Says Bitget Managing Director
Gracy Chen, Managing Director at crypto exchange Bitget, has indicated that crypto know-your-customer (KYC) measures are expected to become increasingly stringent in the near future.
24.08 / 21:15
AML
KYC
Tornado Cash
Influencer
NOT
Can KYC and Permissionless Money Co-exist? Not According to This Crypto Influencer
In light of the recent arrest of the founders of Tornado Cash, a decentralized private payments protocol built on top of the Ethereum network that severs the link between sending and receiving wallets, some are questioning whether Know Your Customer (KYC) laws and permissionless money can co-exist.
21.08 / 16:33
Crypto exchanges
crypto regulation
KYC
Crypto Derivatives Exchange Bitget Makes KYC Necessary for New Users
Cryptocurrency derivatives exchange Bitget announced revised Know Your Customer (KYC) requirements to ensure compliance with global regulatory standards.
21.08 / 07:49
Blockchain
exchanges
AML
KYC
Bitget mandates KYC requirements in line with tightening global regulations
Seychelles-based cryptocurrency derivatives exchange Bitget is updating its Know Your Customer (KYC) requirements for users to stay in step with global regulatory guidelines.
17.08 / 20:43
regulation
FATF
crimes
AML
KYC
businesses
UK crypto
UK crypto businesses to comply with FATF Travel Rule beginning in September
Crypto asset businesses in the United Kingdom will be required to comply with Financial Action Task Force (FATF) Anti-Money Laundering and Counter-Terrorist Financing rules, known collectively as the Travel Rule, beginning Sept. 1, a statement from the Financial Conduct Authority (FCA) reiterated Aug. 17. This will bring the U.K. into conformity with FATF standards set in 2019.
09.08 / 10:35
Binance
regulation
identity
KYC
Verification
Identity checks on crypto exchanges at risk as AI deepfakes evolve
The rise of artificial intelligence (AI) has been subject to growing concerns over identity verification tools at cryptocurrency exchanges.
08.08 / 18:53
Blockchain
Provident
privacy
Platform
Action
KYC
Bitcoin
compliance
Identity Verification in Crypto: Addressing the Clash Between Blockchain Anonymity and KYC Compliance
Financial privacy and anonymity online have been among the key principles of blockchains since Satoshi Nakamoto first unveiled the Bitcoin white paper, but recent actions from regulators have put this principle under pressure.
07.08 / 11:03
Blockchain
Adoption
KYC
Verification
Crypto identity contradiction: Blockchain anonymity meets KYC regulations
People value the anonymity of a decentralized blockchain. Each user has a pseudonym in the form of a wallet address, which is stored in a decentralized ledger for every cryptocurrency transaction.
27.07 / 08:35
business
Blockchain
Adoption
data
identity
KYC
reports
Worldcoin rebuts reports of lackluster takeup as Altman cites Japan queues
Amid discussions around the falling interest in Worldcoin, a blockchain project dedicated to building a user identity network, Worldcoin co-founder Sam Altman shared a video that shows people in Japan lined up to give away their iris scans in exchange for ‘free’ Worldcoin (WLD) tokens.
11.07 / 11:59
Blockchain
NFT
defi
Trading
KYC
Fighting fraud and unlocking new Web3 horizons with Concordium — AMA recap
"To achieve true mass adoption, you need to reconcile TradFi and DeFi, which I find increasingly difficult, and also be ready for compliance. There were a lot of blockchains around 2017-2018, but I didn't feel that any of them seriously addressed the regulatory challenges. To fill this gap, we're building Concordium," said Lars Seier Christensen in Cointelegraph's recent AMA live session.
07.07 / 11:17
business
Kucoin
privacy
transactions
KYC
Bitcoin
NOT
Privacy is not the core feature of Bitcoin — KuCoin CEO
AmidKuCoin exchange preparing to adopt mandatory Know Your Customer (KYC) checks, the company’s CEO argued that privacy is not the most important feature of Bitcoin (BTC).
30.06 / 22:41
Blockchain
Federal Reserve
KYC
FedNow “early adopter” list contains no blockchains, but some may integrate later
The Federal Reserve’s upcoming instant payment system, FedNow, released its list of certified “early adopters” on June 29. The organizations on the list have been certified as ready to connect with the platform when it launches in late July. No blockchain networks are on the list, despite at least two having previously announced that they would connect to the instant payment system.
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