KYC Financial News
11.07 / 23:01
CBDC
Adoption
regulation
KYC
Report urges central banks to work together on digital currency interoperability
International agencies are urging central banks to consider interoperability early in the design of central bank digital currencies (CBDCs). The Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund and the World Bank released a report Monday that looked at three options for cross-border interoperability that address challenges including high costs, low speed, limited accessibility and lack of transparency.
05.05 / 07:43
KYC
New CERT rules for crypto exchanges, VPN providers to come into effect. Here's how they'll impact
It covered aspects related to the timeframe for reporting cyber security incidents, maintenance of KYC and transaction information for crypto exchanges and wallets, maintenance of customer details by data centres, cloud services and VPN providers, and maintenance of logs in Indian jurisdiction. The directions in the circular dated April 28, will become effective in 60 days. The new directions are applicable to service providers, intermediaries such as social media platforms, corporate bodies, data centres and other organisations.
15.04 / 06:39
business
defi
lending
KYC
reputation
Reputation DAO: Would you give up privacy for unsecured loans in DeFi?
An ambitious new decentralized autonomous organization (DAO) has built a data service for lending platforms that records a user’s financial reputation to reduce the amount of collateral needed for a loan.
13.04 / 12:21
BitGo
KYC
Crypto Exchange
Giottus hits 1 million users, plans to offer crypto FDs soon
Giottus Crypto Exchange achieved the milestone of hosting more than one million investors on the platform ahead of its fourth anniversary. Giottus is the only bootstrapped exchange in India to have achieved this feat. Founded in November 2017, Giottus kicked off its operations in April 2018 and is among India’s top-rated crypto investment platforms. Chennai-headquartered Giottus is currently the only multilingual crypto platform in the country with investors having the ability to buy and sell their crypto portfolio in eight Indian languages, including Hindi, Tamil, and Telugu.
12.03 / 01:03
NFT
regulation
security
KYC
Yuga Labs faces user backlash for under wraps KYC-restricted project
Yuga Labs, creator of Bored Ape Yacht Club, or BAYC, teased a new collaboration with blockchain game publisher Animoca Brands on Twitter on Thursday. The catch is that no details about the project have been revealed yet, and users who signed up for it via a know-your-customer, or KYC, verification process have expressed their concerns on social media.
22.12 / 10:03
Mudrex
KYC
Mudrex launches API based enterprise tech ‘Crypto-as-a-Service’
crypto asset management platform Mudrex has launched an API-based Crypto-as-a-Service solution that enables both traditional and crypto-specific brokers, portfolio management services and fintech to provide secure crypto investment products. Crypto-as-a-Service offers KYC, regulatory and compliance monitoring to brokerages.
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