The Japanese government passed a cabinet decision to revise six foreign exchange laws to better combat money laundering on Oct. 14. These changes will also affect crypto trading businesses, as local n...
Tag: KYC
KYC to stake your ETH? It’s probably coming to the US
Over the last few years, the cryptocurrency industry has been a primary target for regulators in the United States. The legal battle between Ripple and the United States Securities and Exchange Commi...
Zero-knowledge KYC could solve the privacy vs compliance conundrum — VC partner
Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensuring customer privacy. As the Web3 industry matures, zero-knowledge Know Your Customer (zkKYC...
‘Horrendous’ KYC risks on show as website detailing Celsius users’ losses goes live
Angel investor Stephen Cole labeled a website providing searchable data on Celsius users’ losses “a perfectly horrendous illustration of the risks of KYC.” CeFi lender Celsius filed for Chapter 11 ban...
Court filing ‘doxing’ Celsius users draws questions on KYC, bankruptcy processes
On Oct. 5, disgraced CeFi lender Celsius filed Schedules of Assets and Liabilities and Statements of Financial Affairs as part of its Chapter 11 bankruptcy proceedings. Most of the over 14,000-page do...
Major Turning Point For Europe’s Crypto Landscape and Bitcoin KYC
The Markets in Crypto-Assets (MiCA) regulation passed in the European Council on October 5th. The development is a significant step toward bringing a consistent legislative landscape to the continent ...
Enhanced KYC checks can be a win-win for crypto exchanges and consumers — here’s why
Crypto is a fast-moving sector where new trends — decentralized finance and nonfungible tokens among them — accelerate in the blink of an eye. And as demand for digital assets grows, the need for regu...
KYC accounts: never so trustworthy but involved in scams
Profiles that have passed Know Your Customer (KYC), which is the process that users have to go through to provide platforms with biographical and financial data in order to sign up, for example, with ...
Binance KYC Soulbound Tokens go live as users receive airdrop
As reported last month, Binance is issuing a Soulbound Token (SBT) named BAB to all customers who have passed the KYC requirements on the exchange. BAB stands for Binance Account Bound. Users on Reddi...
Top 8 crypto-exchanges that don’t require KYC in 2022
Disclaimer: The information shared is for educational purposes only. While AMBCrypto might be compensated for any links shared herein, that does not affect our writers’ evaluations in any way. A few ...
For a smooth trading experience, FixedFloat offers optional registration and no KYC
Advertisement     The DeFi industry has received yet another boost from FixedFloat. The fully automated digital exchange is not only offering a quick turnaround time o...
FixedFloat Highlights Optional Registration, No KYC For Seamless…
FixedFloat, an instant, fully automated digital asset exchange, is offering optional registration and no Know Your Customer (KYC) features to provide users with a hassle-free cryptocurrency trading ex...
Breaking The Chain; How Blockchain Is Sponsoring More Equity And Transparency In Hollywood
Blockchain financial technology concept with network of encrypted chain of transaction block linked … [+] around planet Earth, cryptocurrency ledger (Bitcoin), secured economy (fintech), element...
Gnox.io (GNOX) Sees Surging Interest Of Dogecoin (DOGE) And Algorand (ALGO) Holders After KYC And Audit Passed
New DeFi (decentralised finance) protocols often struggle to confirm their legitimacy with investors. With floods of new investors finding these projects through platforms like Telegram and Discord an...
Binance Addresses Alleged Compliance Neglect, Says KYC Efforts Cost The Exchange Billions ⋆ ZyCrypto
Advertisement     Following a June 6 Reuters report which allegedly linked Binance to money laundering schemes involving the top darknet and hacking groups, some membe...
Gnox (GNOX) KYC And Audit Are Filling Investors With Confidence.
According to a recent report, Gnox’s KYC and audit performed by Solidproof instill confidence in investors. According to the report, the company’s compliance with KYC and audit requirements helps to b...
India’s Financial Watchdog Freezes Binance-Owned WazirX’s Assets for ‘Lax KYC Norms’
India’s chief economic enforcement agency, the Enforcement Directorate (ED), announced Friday that they have frozen $8.14 million (64.67 Crore rupees) in assets from crypto exchange WazirX. The ED all...
Binance To Launch SBT For Wallet KYC
The crypto exchange has launched its first soulbound or non-transferable and non-financialized token, the Binance Account Bound (BAB). Binance’s New KYC Efforts The Binance crypto exchange will be amp...
Binance uses Soulbound Tokens to offer decentralized KYC of wallets
Binance launched BAB, a Soulbound Token on the BNB Chain, as a decentralized solution to the KYC requirements for the exchange. Soulbound Tokens are NFTs that are non-transferrable between wallets. Th...
Binance CEO Refutes Claim of KYC Costing 90% of Users
35 mins ago | 2 mins read Exchange News Gambaryan pointed out that Binance isn’t always a haven for illegal behavior. Binance reduced the daily Bitcoin withdrawal limit from 2 BTC to 0.06 BTC last ye...
Did Binance KYC Filter Out Majority Of Users? CZ Clarifies With Facts
Binance KYC process was performed with a total cost of $1 billion as part of compliance efforts, the company CEO said. The crypto exchange has actually grown in the recent times, CZ said, refuting cla...
Binance CEO Deny Reports That Exchange Lost Billions in Revenue And 90% of Users After Implementing KYC
– Advertisement – Reports that Binance lost billions of dollars in revenue and 90 percent of its users after adopting KYC are false, according to Binance CEO Changpeng Zhao (CZ). Binance...
First Binance soulbound token BAB targets KYC user credentials
Binance cryptocurrency exchange is moving towards decentralized identity tools by launching its first-ever token designed to certify verified user status on the platform. Binance on Monday announced t...
Binance loses 90% of users after implementing KYC, losing billions in revenue
One of the world’s largest cryptocurrency exchanges, Binance, like most of its counterparts, has to face the challenges of money laundering, terrorist financing, and bad press. Three of the most senio...
Uniglo (GLO) KYC Influences Investors To Cont…
Picking up a cryptocurrency while it’s still in pre-sale can be a massive deal. You get the chance to invest in a project while it’s still in very early stages, hopefully before it goes on...
Crypto exchange CoinCola implements new KYC system from Onfido » CryptoNinjas
CoinCola, a popular bitcoin and crypto exchange, announced today it has launched a new KYC (Know Your Customer) system from Onfido, an identity verification, and fraud prevention technology company. T...
Binance Sets High KYC and AML Standards to Boost User Protection
Cryptocurrencies are gradually becoming an integral part of the global financial market, with about 100,000 people joining the crypto space daily. Crypto exchanges are the first entry point for many n...
Blockchain Industry Disappointed By Europe’s New KYC Regulations For Cryptocurrencies
The European Parliament decided to criminalize anonymous cryptocurrency transactions by ensuring that all transactions provide information about the people involved. The new know-your-customer r...
The future of KYC in crypto
Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, b...
Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform – Regulation Bitcoin News
Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-cu...
Coinbase Announces New KYC Requirements for Dutch Users
Coinbase has introduced new know your customer (KYC) requirements for users in the Netherlands. The exchange posted an update saying that the changes will come into effect on June 27. Specifically, D...
Coinbase introduces KYC rules for its Netherland users to comply with local legislation
Europe is increasing its regulatory pace. The Markets in Crypto Assets Regulation (MiCA) proposed in 2020 is the EU’s response to the need for an encompassing regulation for digital assets. The increa...