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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...
Coinbase Secures Patent for System to Identify Non-Compliant Accounts
28.11.2019
Coinbase has been awarded a patent for a system that finds and flags non-compliant accounts
Coinbase Patents Automated KYC Enforcement Tool
28.11.2019
Coinbase has patented a system which would automatically identify accounts violating AML rules
A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace
28.11.2019
Around one third of the top 120 exchanges are "weak" when it comes to know-your-customer (KYC) verification, while two-thirds "lack strong KYC policies," the firm said
Report: Crypto-Related Fraud and Theft Resulted in $4.4B Loss in 2019
27.11.2019
According to CipherTrace’s latest report, the total volume of crypto-related fraud and theft resulted in losses worth $4.4 billion in 2019
Localethereum Becomes Localcryptos and Adds BTC Trading
23.11.2019
P2P trading site Localethereum has rebranded to Localcryptos, allowing users to buy and sell both ETH and BTC without KYC. The platform has been providing peer to peer trading services for ethereum since 2017, but in a surprise announcement this week, the website revealed its new home...
Bitcoin Traders Are Finding Creative Ways to Avoid KYC
17.11.2019
Cryptocurrency traders on Bisq are using Revolut to buy and sell bitcoin without the need for KYC/AML. The decentralized, peer-to-peer marketplace allows anyone to buy or sell cryptocurrency via a range of payment processors and traditional banking services. With Localbitcoins now a twisted...