1 / 4 Relevant items tagged with #KYC

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Regulation compliance key to India’s crypto future — Bitget COO

[Dec 6 10:22 AM] As crypto exchanges face regulatory challenges globally, Bitget chief operating officer Vugar Usi Zade emphasized compliance and innovation for sustainable growth.

Uphold’s Topper brings crypto withdrawals to all non-custodial wallets

[Dec 4 2:55 PM] Topper’s crypto off-ramp solution is designed to allow anyone using a self-custodial wallet like MetaMask to convert their crypto into fiat.

Brazil proposes to ban stablecoin withdrawals to self-custodial wallets

[Dec 2 12:46 PM] Brazil, the second-largest market for stablecoin transactions, may ban stablecoin withdrawals to self-custodial wallets like MetaMask.

South Korea probes Upbit for 600K KYC violations

[Nov 15 9:11 AM] Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with its business license renewal.

Polymarket's Probe Highlights Challenges of Blocking U.S. Users (and Their VPNs)

[Nov 14 3:00 PM] What can offshore crypto companies practically do to stop Americans from accessing their services – and what do regulators expect them to do?

AI deepfake tool on ‘new level’ at bypassing crypto exchange KYC: Report

[Oct 11 6:03 AM] The new AI-powered tool, customized specifically to target crypto exchanges and financial platforms represents “a new level of sophistication” in fraud, says cybersecurity firm Cato. 

Academic paper suggests governments should attack public blockchains

[Oct 6 7:15 PM] Crypto exchange Kraken has announced the delisting of Monero in the European Economic Area to maintain compliance with EU regulations.

Binance Secures 20th Global Milestone With Argentina Crypto Registration

[Oct 3 6:30 AM] Crypto exchange Binance has achieved a significant milestone by joining Argentina’s Virtual Asset Service Providers Registry, marking its 20th global regulatory achievement. This allows Binance to expand its full range of services to…

US trading app Robinhood launches ‘crypto transfers’ in Europe

[Oct 1 9:05 AM] Robinhood users in Europe can now deposit and withdraw crypto using external wallets and exchanges like Binance.

Crypto founders increasingly look to ‘geofencing’ amid US uncertainty

[Oct 1 3:42 AM] Variant Fund chief legal officer Jake Chervinsky says geofencing is an extreme measure to ensure compliance with US law. 

Trump Opens KYC Whitelist for New World Liberty Financial Crypto Project

[Sep 30 6:47 PM] On Monday, former President Donald Trump announced that the whitelist for World Liberty Financial (WLF) is now open to eligible individuals. Addressing his 91 million followers on X, he called it their “chance to be part of this historic moment.”…

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

[Sep 28 12:40 PM] Binance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a $50 million fine and…

Biggest fears about Bitcoin’s future: Industry weighs in

[Sep 25 1:49 PM] Reddit’s Bitcoin community remains optimistic about BTC, but members are still eager to discuss the most valid concerns regarding Bitcoin's future.

German Authority Seizes 13 Unauthorized Crypto ATMs

[Aug 21 11:30 PM] Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal…

Moody’s, Elliptic join forces for enhanced VASP risk screening

[Aug 19 8:57 PM] The companies will combine their strengths to provide enhanced virtual asset service providers screening ability.

Peru Issues VASP Regulation, Strengthens AML/TF Requirements

[Aug 10 9:30 PM] The Superintendence of Banking and Insurance (SBS) of Peru, has issued a resolution that forces VASPs to implement Know Your Customer (KYC) and anti-money laundering (AML) measures as part of a compliance plan. The resolution is in line with FATF…

Preparing for DeFi Regulation: The Role of Portable KYC

[Aug 7 4:05 PM] As regulators scrutinize DeFi more closely, participants need to improve compliance around AML and KYC and make the process easier for customers, says Thomas Gentle, Compliance Officer, Quadrata.

Thailand distributing digital money to 45M citizens to boost economy

[Jul 24 10:11 AM] The controversial plan began as a campaign promise and will help lower-income Thais buy more.

BitMEX expects ‘no further fines’ for ‘old’ AML violation in US

[Jul 11 1:23 AM] BitMEX addresses the DOJ’s BSA charge as a past issue, highlighting their compliance improvements and founders’ prior penalties.

Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users

[Jul 5 5:22 AM] 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…

Binance’s Local Exchange Receives Dubai License, Initiates UAE User Migration

[Jun 26 9:24 PM] 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…

Blockchain Association objects to IRS broker rule in letter

[Jun 21 3:45 PM] The Washington DC-based blockchain advocacy group argued the IRS' broker rule provisions violate the Paperwork Reduction Act.

Bitcoin's Role In Defending Democracy In Nicaragua With Félix Maradiaga

[Jun 20 8:15 AM] At the 2024 Bitcoin Policy Summit, Nicaraguan pro-democracy activist Félix Maradiaga shared his insights on the severe challenges facing his country, which is under the autocratic rule of Daniel Ortega.According to Maradiaga, the Nicaraguan people…

Institutional DeFi players will bring commercial real estate onchain: KPMG exec

[Jun 18 11:51 PM] 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.

European Commission selects Iota Web3 ID for blockchain sandbox

[Jun 13 6:28 AM] 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

[Jun 8 1:28 PM] 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…

ZkSync’s Gemholic project suspected $3.5M rug pull

[Jun 8 6:05 AM] Community members are currently trying to trace the Gemholic contract creator’s address, which is supposedly funded by Binance.

New law grants US president power to block digital asset access

[Jun 6 3:04 AM] 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.

Citadel-backed Hidden Road halts ByBit access for clients

[May 30 10:30 AM] Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange.

Nigerian Fintech Firm Flutterwave Confirms Hacking Attempt, Says Users’ Funds Safe

[May 17 4:30 PM] 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…