The Pakistan Banks’ Association (PBA), a group of 31 traditional banks operating in Pakistan, has signed off on the development of a blockchain-based Know Your Customer (KYC) platform. The move aims t...
Tag: KYC
Pakistani banks to develop blockchain-based KYC despite cold attitude toward crypto
Ad The State Bank of Pakistan has commissioned the development of a blockchain-based national eKYC (Know-Your-Customer) platform for retail banking, according to local media reports. The project is pa...
Pakistan Banks’ Association (PBA) Announces Blockchain Use For KYC
5 seconds ago | 2 mins read Blockchain News The State Bank of Pakistan (SBP) is developing an electronic KYC system. PBA Chairman and Avanza Innovations CEO were present at Thursday’s signing event. T...
Pakistan banks agree on blockchain-based KYC system development
Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives. On M...
Pakistan Banks to Use Blockchain Technology for KYC – Blockchain Bitcoin News
Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the person...
KYC & AML in the Financial Technology industry – Cryptopolitan
No doubt, one of the main problems of online financial services for users is security. Everyone wants to be sure that their assets will not be robbed or blocked, and transactions will be completed wit...
Should Cardano (ADA) Add KYC? Charles Hoskinson Weighs In
Alex Dovbnya The Cardano creator has addressed some concerns regarding the introduction of KYC Charles Hoskinson, the founder of Cardano and IOHK, has recently engaged in a Twitter exchange regarding ...
Dusk Network launches Citadel: Zero-Knowledge KYC solution
Research submitted and first use cases in development Fintech scale-up Dusk Network presents Citadel, a zero-knowledge proof KYC solution where users and institutions are in control of sharing permiss...
Pi Network founder discusses human verifcation through AI; introduces native KYC solution for crypto community – Cryptopolitan
Dr. Nicolas Kokkalis, the founder of Pi Network, explored ways to showcase humanness within a rapidly leaning society towards artificial intelligence (AI). In his blog post, the tech expert emphasizes...
Pi Network founder discusses human verifcation through through AI; introduces native KYC solution for crypto community – Cryptopolitan
Dr. Nicolas Kokkalis, the founder of Pi Network, explored ways to showcase humanness within a rapidly leaning society towards artificial intelligence (AI). In his blog post, the tech expert emphasizes...
Binance tightens NFT rules, announces delistings and KYC
The cryptocurrency exchange known as Binance said on January 19 that it has strengthened its policies regarding the listing of nonfungible tokens, often known as NFTs. All non-fungible tokens (NFTs) t...
Coinbase agrees to a $100M Settlement: for AML and KYC violation
Coinbase agreed to pay NYDFS a $100 M settlement. $50 M will be fine, and $50 M will go towards AML background checks. The company is alleged to have opened accounts without proper background checks...
Coinbase will pay $100m over KYC, AML to NY regulators
According to the New York Times, Coinbase will have to pay $50 million to New York regulators for letting users open accounts with minimal background confirmation. The organization will also spend $50...
Coinbase fined $100M over KYC and AML failures
Coinbase has agreed to cough up a total of $100 million to bring an end to an investigation into failures of its anti-money laundering (AML) and know-your-customer (KYC) measures. The exchange announc...
Investigator Shows How Poor KYC Can Empower Criminals
Public company investigator Aurelius Capital Value called out Silvergate for doing business with Huobi Global, despite earlier proof of the exchange’s poor KYC enforcement. Aurelius used Huobi’s alleg...
Over 500k users are involved in phony KYC services: survey
The Web 3.0 community is being defrauded by dishonest project development teams utilizing KYC actors. Over 500,000 individuals have reportedly bought or sold using phony KYC services, according to a s...
North Korean hacking activity ceases after regulators implement KYC: Report
According to a new report published by South Korea’s National Intelligence Service (NIS), North Korean hackers have stolen more than 800 billion Korean won ($620 million) worth of cryptocurrencies fro...
Bybit unveils stricter limits for users without KYC
Bybit, ranked as the 10th largest centralized crypto exchange in the world, announced stricter KYC policies and new limits for users who trade without passing it. In a recent press release, Bybit Fint...
ByBit to apply new KYC rules and withdrawal limits on Dec. 20
Crypto exchange ByBit announced that it would imply new Know Your Customer (KYC) rules and withdrawal limits on Dec. 20. The announcement updates the different withdrawal limits based on different KYC...
Bybit introduces new KYC requirements for P2P trading, fiat deposits and NFT trades
Crypto exchange Bybit will require updated Know-Your-Customer (KYC) verification checks for various products from Dec. 15. Bybit’s one-click buys, fiat deposits and peer-to-peer trading wi...
zkSync integrates with RNS.id for on chain KYC
RNS.ID, a Web3 KYC identification platform, announced that it would be merging with zkSync. The merger increases adoption of zkSync-based Digital ID solutions across many exchanges including Binance, ...
Digital identity platform integrates with zkSync for on-chain KYC
RNS.id, a digital Web3 identity platform developed to support the application and issuance of sovereignty-backed IDs, announced on Nov. 30 that it is integrating with zkSync for on-chain KYC. RNS.ID i...
Crypto Scammers Hiring KYC Actors to Build Trust and Defraud Investors: Report
A new report from blockchain security firm CertiK revealed that a large group of professional “Know Your Customer (KYC)” actors are being employed by dubious blockchain developers and scammers to defr...
Is Silvergate In Trouble? Why Didn’t KYC And AML Prevent The FTX Fiasco?
Did Silvergate let FTX and Alameda share funds and bank accounts? Isn’t that illegal? Also, if one of the objectives of KYC and AML procedures is to stop money laundering, why didn’t Sam Bankman-Fried...
CertiK investigates KYC actors hired to scam the web3 community
Blockchain and decentralized finance (DeFi) focused security platform Certik’s investigation led to the discovery of the professional “KYC actors” who bypass KYC processes to scam crypto communities, ...
Crypto Scammers Use ‘Professional KYC Actors’ to Avoid Capture
Crypto scammers and hackers may have found a new, easy way to avoid getting caught. CertiK, a blockchain security expert, unveiled a group of KYC actors for hire that rogue developers can use to scam ...
AllianceBlock Introduces Trustless Identity Verification for Streamlined KYC Procedures
Vladislav Sopov AllianceBlock’s solution designed to make KYC-checks secure and trustless Contents AllianceBlock’s Trustless Identity Verification is live in mainnet Fundrs platform integr...
Blockchain and Web3 KYC Provider – crypto.news
\n Identity verification is paramount in a world where you can trade with anyone, anywhere across the globe, using the internet. Businesses and individuals need to be aware of the persons they are doi...
Equifax, known for huge data breach, is building a Web3 KYC solution
Credit reporting company Equifax, known for suffering from one of the largest customer data breaches to date, has partnered with blockchain company Oasis Labs to build a Know Your Customer (KYC) solut...
What is KYC? How Crypto Exchanges Prevent Money Laundering
If you’ve ever used a cryptocurrency exchange or bought an NFT, it’s likely that you will have had to perform a know-your-customer (KYC) check to verify your identity. KYC checks are a key part of the...
13 Best No KYC Crypto Exchanges
Variables like supported assets, low trading fees, payment options, and security are considered priorities by traders in selecting the best trading environment. Keeping trading activities under the ra...
Japan Amended KYC Rules to Combat Money Laundering
A legal framework governing cryptocurrencies was first adopted in Japan. After Terra Luna collapsed in 2022, a bill was passed allowing licensed banks to use stablecoins. The Japanese government endor...