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Nalezeno "KYC": 549

A Call for Sensible Regulation: The Fate of Future Innovation in India

10.2.2020
The Indian crypto community holds its breath awaiting the Supreme Court’s decision

Should They Stay or Should They Go? Crypto Firms in the EU Must Decide

10.2.2020
Crypto industry experts weigh in on the state of the EU’s regulatory climate

FinCen: Social Media Crypto Projects Can’t Ignore Money Laundering Risk

10.2.2020
The deputy director of FinCen says social media platforms should have the same AML compliance responsibilities as traditional financial actors

There’s No Such Thing as Tainted Bitcoins

6.2.2020
All bitcoins are created equal. But in the eyes of blockchain forensics firms, some bitcoins are more equal than others. If these companies are to be believed, coins that have been used in criminal transactions are ‘tainted,’ destined to be forever linked with nefarious activity....

Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services

30.1.2020
The cryptocurrency exchange Binance was recently scrutinized for flagging a customer’s funds because the individual had used a bitcoin mixing application. Now the platform Paxos Global is discouraging the use of crypto mixers after a customer allegedly sent coins to a mixing service. Also...

Deutsche Bank Report: Digital Yuan Could Upset Global Power Balance, Plastic Will Die, Cash Survive

29.1.2020
A new report from Deutsche Bank Research, Digital Currencies: the Ultimate Hard Power Tool, predicts that cash payments will remain for decades, but the emergence of digital payments “will lead to the death of the plastic card.” The report, which is the third installment in a series...

LocalBitcoins Quietly Suspends Accounts in Multiple Regions Without Notice

28.1.2020
Finnish LocalBitcoins silently suspends user accounts in multiple countries, reportedly citing an “enhanced due diligence process” initiated by the EU’s 5AMLD

Localcryptos Lets You Cash Out BTC P2P – Minus the KYC

28.1.2020
If you’ve ever had a sudden need for fiat while all in crypto, you’ll understand the difficulty of cashing out without KYC-ing away your identity and that of your unborn children. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade...

Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says

24.1.2020
Ukrainian authorities will be able to “block crypto wallets” in order to seize illegally obtained assets, a notice from the country’s Ministry of Finance says

Panic Withdrawals at Indian Bank Over Alarming KYC Notice

24.1.2020
Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts....

Deribit Releases Specifics of New KYC Policy Following Move to Panama

21.1.2020
Deribit clarifies new requirements for customer information to take effect following move to Panama, itself an effort to avoid new E.U. AML regulation

FCA’s New AML Regime – UK’s Crypto Market Will Have to Adapt in 2020

21.1.2020
The FCA has officially taken over as the ALM/CTF supervisor for the U.K., but what ramifications will this have on the wider crypto industry?

Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk

19.1.2020
Indian judges presiding over the RBI v. Crypto case have repeatedly showcased their willingness to learn about digital currencies and blockchain-based tech

New EU AML Compliance Laws Could Disrupt the Crypto Industry

18.1.2020
Anonymity in crypto faces extinction after new EU law: “Only true privacy coins like Monero might stand the test of time and resist de-anonymization”

Research: Binance and Huobi Received Over 52% of Total $2.8B Illicit BTC in 2019

16.1.2020
Chainalysis: Binance and Huobi together received over 52% of total $2.8 billion worth of Bitcoin sent from criminal sources in 2019

Crypto Derivatives Exchange Leaves EU for Panama, Expands KYC

9.1.2020
Crypto derivatives exchange Deribit leaves EU to avoid new AML regulation, setting up shop in Panama while changing its KYC

Kraken Reveals 49% Increase in Law Enforcement Investigations

8.1.2020
The publication of crypto exchange Kraken’s 2019 Transparency Report has provoked discussion about the scale of government surveillance. According to the report, Kraken received 710 requests last year (or two per day), impacting approximately 1,222 accounts. The report provides further...