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Nalezeno "kyc": 549

As FATF Regulations Galvanize, Crypto Mixing Applications Are Targeted

27.12.2019
Since the inception of Bitcoin, governments have tried to keep track of all the transactions taking place on the public blockchain. As the years progressed, authorities have shown a distaste for cryptocurrency mixing applications like Coinjoin. On Dec. 19, a Binance customer couldn’t withdraw...

A Bitcoin War Is Brewing Over KYC

25.12.2019
Every year, Bitcoin faces a new foe intent on crippling it by undermining the foundations it was built upon. From mining cartels to developer disputes, Bitcoin has faced a barrage of threats over the past decade. When it’s not internecine conflict taking its toll, it’s external forces...

Utorg Exchange Grants Access to Traders With Limited Verification

24.12.2019
Utorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed...

Poloniex Drops KYC for Withdrawals Below $10,000 Following US Exit

23.12.2019
The new KYC requirements come a week after Poloniex completed its U.S. exit

Poloniex Allows Up to $10,000 Daily Withdrawals for KYC-Less Accounts

23.12.2019
Poloniex now allows users to withdraw up to $10,000 per day without confirming their identity

Poloniex Restores Unverified Accounts With Unlimited Trading

22.12.2019
In times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy...

Crypto Regulation Is Coming To Europe: Are Exchanges Ready for New Rules?

18.12.2019
European crypto companies have a countdown clock on regulations kicking in on Jan. 10 next year. So how are they preparing?

Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year

17.12.2019
According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered...

After BottlePay, Two More Crypto Firms Shut Down Due to Upcoming EU Rules

16.12.2019
Two EU-based crypto firms are shutting down because of the upcoming EU Anti-Money Laundering rules

European AML Directive Pushes Crypto Startup Bottle Pay Out of Business

15.12.2019
Bottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work...

Monero Compliance Workgroup Says XMR Exempt From Funds Travel Rule

14.12.2019
Monero deems compliance to be the responsibility of exchanges, not cryptocurrencies

Here’s a New Banking Tool for Vetting Crypto Exchanges

11.12.2019
The blockchain forensics firm is now offering banks a product that aims to provide up-to-date risk profiles of more than 200 of the largest crypto exchanges around the world

Sri Lanka’s Central Bank Calls for Blockchain-Based KYC Proposals

2.12.2019
Sri Lanka's Central Bank wants to use a blockchain system for local banks' "know-your-customer" protocols

CryptoBridge Decentralized Exchange Shuts Down Citing Regulations, Markets

2.12.2019
Decentralized exchange CryptoBridge shuts down due to purported market conditions and regulatory pressure

CipherTrace Report: 2/3rd of the Exchanges Still Have Weak KYC

1.12.2019
Money Laundering has been one of the biggest accusations levied on cryptocurrencies. The argument was further intensified when US President Donald Trump tweeted that crypto/BTC is used for several social evils, including money laundering. Therefore, to have a clear picture of the issue...

Criminal Activity in Crypto: The Fact, the Fiction and the Context

30.11.2019
$400 million in XRP is used in illicit activity, how does this stack up against fiat fraud, and is the reputation of the crypto industry beyond saving?

Coinbase Patents AI Compliance System to Monitor and Flag Accounts

29.11.2019
Popular U.S. cryptocurrency exchange Coinbase received a patent November 19, for an AI-driven compliance system which would monitor customer accounts, flagging those deemed non-compliant and recategorizing them for corrective action. Described as a “compliance determination and enforcement...