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Nalezeno "know your customer": 37

South Korea probes Upbit for 600K KYC violations

15.11.2024
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal

Polymarket's Probe Highlights Challenges of Blocking U.S. Users (and Their VPNs)

14.11.2024
What can offshore crypto companies practically do to stop Americans from accessing their services – and what do regulators expect them to do?

Academic paper suggests governments should attack public blockchains

6.10.2024
Crypto exchange Kraken has announced the delisting of Monero in the European Economic Area to maintain compliance with EU regulations

‘Thousands’ Flock to World Liberty Financial Whitelist Following Trump’s Announcement

2.10.2024
After former President Donald Trump revealed World Liberty Financial’s (WLF) whitelist signup, WLF’s X account shared that “thousands of people have joined” since the announcement. However, the excitement has been dampened by an influx of fake WLFI token scams flooding X. WLF: ‘Whitelist Is Already...

German Government Shuts Down 47 Exchanges, Says They're Tied To ‘Illegal Activity’

19.9.2024
The German Attorney General's Office Frankfurt am Main (Generalstaatsanwaltschaft) and the country’s Federal Criminal Police Office (BKA) have shut down 47 crypto exchanges allegedly tied to criminal activities including money laundering

Preparing for DeFi Regulation: The Role of Portable KYC

7.8.2024
As regulators scrutinize DeFi more closely, participants need to improve compliance around AML and KYC and make the process easier for customers, says Thomas Gentle, Compliance Officer, Quadrata

Hidden Road Halts Client Access to Bybit Over KYC and AML Disagreements- Bloomberg

30.5.2024
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. The post Hidden Road Halts Client Access to Bybit Over KYC and...

Crypto KYC Solutions Advance to Ensure Adoption and Better User Experience

14.12.2023
Know-your-customer (KYC) measures are becoming more important as the cryptocurrency sector grows. These models have proven to help digital asset service providers prevent against crimes such as money laundering, terrorist financing and more. Yet while KYC processes can help financial firms better...

Crypto Exchange Bitget Reveals Mandatory KYC Policy With Incentives for Early Compliance

14.12.2023
On Thursday, the crypto exchange Bitget, headquartered in Seychelles, announced its decision to implement comprehensive Know Your Customer (KYC) policies across its platform. These new KYC requirements are set to take effect on December 15, 2023. Bitget Rolls Out Mandatory KYC Procedures Bitget...

Critics Alarmed as 2 Major Mining Pools Dominate Over 50% of Bitcoin Hashrate

16.11.2023
On Wednesday, crypto analyst Chris Blec highlighted that Bitcoin’s two major mining pools now control over half of the network’s total hashrate. Blec posits this dominance could transform bitcoin mining into an industry adhering to regulatory standards, with all miners required...

Binance Japan to Use KYC Services From Liquid

13.8.2023
The world’s leading cryptocurrency exchange, Binance, has selected Liquid as an identity verification partner for its Japanese platform. The services of the Tokyo-headquartered biometrics firm will allow Binance Japan to ensure its know-your-customer (KYC) procedures comply with Japan’s strict...

French Investigation Targets Binance: Allegations of Money Laundering and Regulatory Violations

16.6.2023
Binance, the crypto exchange with the highest trade volume globally, is currently facing an investigation for suspected money laundering activities, as reported by the French publication Le Monde. The finance judicial investigation service of France is currently scrutinizing the actions...

Binance security boss warns of rise in verification-spoofing AI deepfakes

24.5.2023
The technology is getting so advanced, deepfakes may soon become undetectable by a human verifier, said Jimmy Su, Binance's Chief Security Officer

FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers

1.4.2023
FTX’s European subsidiary, FTX Europe, has launched a new website, ftxeurope.eu, for users to withdraw funds from the now-defunct cryptocurrency platform. Withdrawal requests must be submitted through the new website and will be “subject to customary know-your-customer...

Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend

23.3.2023
The CEO of Independent Reserve says Hong Kong's "friendly" licensing regime makes it a worthy destination to set up shop, but there are other factors to consider

Pakistan Banks to Use Blockchain Technology for KYC

6.3.2023
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 personal information of customers through what they describe as a decentralized and self-regulated...

Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits

12.12.2022
Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services...