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Currency.com Accused of Exploiting KYC to Withhold Customer Funds


Know Your Customer (KYC) and Know Your Transaction (KYT) are ostensibly deployed by exchanges to combat money laundering. In practice, these provisions are used as an excuse to surveil, cajole, and threaten customers, who risk losing funds if they are unable to meet the impossibly high burden...

41 German Banks Now Charge Negative Interest Rates


The number of German banks charging negative interest rates has been rising rapidly. At least 41 banks now charge negative interest rates on deposits. According to reports, seven of them are imposing negative interest rates even for small deposit amounts. Also read: Survey: 58% of German Banks...

How Online Casinos Use Promotions to Look for New Customers


The online casino business is lucrative and competitive nowadays. Different casinos and betting websites are always on the move to attract more customers into their online establishment and home to make returning players and patrons out of them. This is where marketing and promotion become...

Bitpay Users Can Now Purchase Crypto With Fiat In-App


On January 23, the cryptocurrency payment firm Bitpay announced it will be allowing customers to purchase digital assets using the Bitpay platform. The Atlanta-based company partnered with fiat-to-crypto payment processor Simplex to offer the crypto purchasing experience. Bitpay says the latest...

Panic Withdrawals at Indian Bank Over Alarming KYC Notice


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....

Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments


On January 13, the online bullion marketplace Onegold announced the launch of a new mobile application so customers can buy, sell or redeem precious metals at any time. Since 2018, Onegold has accepted cryptocurrencies like BCH and BTC and the firm currently gives customers a 2% discount for paying...

Binance Adds Three New Fiat Currency Gateways For Customers


Binance has announced the addition of Czech Crowns (CZK), Bulgarian Leva (BGN), and Romanian Lei (RON) fiat gateways. Having established itself as one of the world’s leading cryptocurrency exchange, Binance keeps strengthening its ecosystem by providing the best features and user-friendly...

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