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Paxful co-founder Schaback faces 5 years jail, admits AML failure
9.7.2024
Artur Schaback, one of the co-founders of crypto exchange Paxful, has agreed to a plea deal with U.S. prosecutors that could see him locked up for five years
Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users
5.7.2024
Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player...
Binance enforces stricter measures against account misuse
27.6.2024
The platform encourages users to report any suspected incidents of misuse and offers a reward for verified cases
Binance’s Local Exchange Receives Dubai License, Initiates UAE User Migration
27.6.2024
Binance is transitioning UAE resident accounts to its new regulated local entity, Binance FZE, following a Virtual Asset Service Provider license from Dubai’s regulator. This change will allow UAE users to access various virtual asset services locally, including AED bank deposits...
Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures
24.6.2024
Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising...
Blockchain Association objects to IRS broker rule in letter
21.6.2024
The Washington DC-based blockchain advocacy group argued the IRS' broker rule provisions violate the Paperwork Reduction Act
Institutional DeFi players will bring commercial real estate onchain: KPMG exec
19.6.2024
DeFi activity from institutions would be more “permissioned” as market participants will want to know who they’re dealing with, KPMG’s Kunal Bhasin said
Hidden Road partners with Bitfinex after Bybit KYC issues
13.6.2024
After halting support for BybBit’s crypto services in May 2024, Citadel-backed Hidden Road inked a new crypto partnership with Bitfinex exchange
European Commission selects Iota Web3 ID for blockchain sandbox
13.6.2024
The European Commission’s selection of Iota’s Web3 ID solution highlights the solution’s potential to revolutionize KYC processes using distributed ledger technology and tokenization on a mass scale
Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws $3.5M in Previously Locked ETH
8.6.2024
On June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The Gemholic team executed the theft despite reportedly completing the blockchain security firm Solidproof’s Know Your Customer (KYC) process....
ZkSync’s Gemholic project suspected $3.5M rug pull
8.6.2024
Community members are currently trying to trace the Gemholic contract creator's address, supposedly funded by Binance
New law grants US president power to block digital asset access
6.6.2024
A new U.S. law grants the president unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users
Bitget boosts security with Sumsub’s deepfake AI detection
5.6.2024
Sumsub’s AI-powered deepfake detection and fraud prevention will go a long way toward ensuring both companies meet high security standards
Telegram Wallet includes further strictures related to KYC
31.5.2024
Telegram Wallet introduces further strictures related to KYC regulations by making it mandatory for users to furnish more personal details about themselves. A Telegram Wallet is an intermediary crypto wallet incorporated with Telegram, which provides the option for users to engage in purchasing...
Citadel-backed Hidden Road halts ByBit access for clients
30.5.2024
Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange
Telegram Wallet enforces new KYC rules, switches provider
30.5.2024
Before the KYC change, Telegram Wallet users did not have to provide any personal information to use the default version of the wallet
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...
Blockchain Technology Helps Enable Reusable KYC Solutions
23.5.2024
Reusable KYC solutions are gaining traction and blockchain technology can ensure that users own their data and private information.
The post Blockchain Technology Helps Enable Reusable KYC Solutions appeared first on Cryptonews
Nigerian Fintech Firm Flutterwave Confirms Hacking Attempt, Says Users’ Funds Safe
18.5.2024
The Nigerian fintech firm Flutterwave claimed on May 16 that it had foiled an attempt to breach its payments platform. Flutterwave asserted that the “unauthorized activities inconsistent with usual customer behavior” did not compromise users’ funds or data confidentiality. According...
Nigerian Fintech Firm Flutterwave Confirms Hacking Attempt, Says Users’ Funds Safe
18.5.2024
The Nigerian fintech firm Flutterwave claimed on May 16 that it had foiled an attempt to breach its payments platform. Flutterwave asserted that the “unauthorized activities inconsistent with usual customer behavior” did not compromise users’ funds or data confidentiality. According...