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Nalezeno "KYC/AML": 77

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

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

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...

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

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...

Thailand Pushes Permissive Regulations as First Legal ICO Is Launched

24.10.2019
Since trying to ban Bitcoin in 2013, Thailand’s regulators have sought to embrace ICOs

Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’

22.10.2019
Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative...

UK Regulator Ramps up Crypto Investigations and Considers KYC for Wallets

8.10.2019
The U.K.’s Financial Conduct Authority (FCA) has been relentlessly scrutinizing cryptocurrency startups and investigations are up 74% from last year. Meanwhile, proponents of decentralized software development models and open collaboration are upset about the FCA aiming to extend KYC/AML...

Traders Bemoan New Localbitcoins Identity Requirements

28.9.2019
Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money...

Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

22.7.2019
On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week...

Over 22,000 Traders Have Now Signed up to Local.Bitcoin.com

27.6.2019
People from all over the world have opened accounts to trade bitcoin cash anonymously and without any KYC on Local.Bitcoin.com. Almost 1,000 BCH has already been exchanged privately through blind escrow via the new platform. Also Read: Namecheap Lets You Buy a Domain and Host Your Website With...