KYC

In a Nov. 22 YouTube video, Cardano founder Charles Hoskinson reflected on the news that Binance CEO Changpeng "CZ" Zhao has stepped down from the exchange. Hoskinson claimed that this event represents “the end of an era.” He argued that entrepreneurs g will need to comply with regula ...

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was dominated by developments in the popular decentralized exchange platform Unis ...

The European Union’s financial regulatory landscape is in flux with the introduction of multiple Anti-Money Laundering (AML) directives and related laws. These regulations, although designed to protect the financial system, come at a hidden, and sometimes steep, cost to consumers and financ ...

Stablecoin TrueUSD (TUSD) announced a potential leak of certain Know Your Customer (KYC) and transaction history data as one of TrueCoin’s third-party vendors got compromised. TrueCoin was the operator of the TUSD stablecoin till July 13, 2023. On Oct. 16, a third-party vendor&r ...

Lennix Lai, the Global Chief Commercial Officer at OKX, discussed various aspects of the cryptocurrency industry during an interview at the Blockchain Economy Summit in Dubai. Here are some key points from the interview: Crypto vs. Traditional Finance: Lai highlighted the differences between work ...

The Federal Reserve’s upcoming instant payment system, FedNow, released its list of certified “early adopters” on June 29. The organizations on the list have been certified as ready to connect with the platform when it launches in late July. No blockchain networks are on the list, despite at leas ...

SFC announced preparations at the beginning of the year This decision precedes the introduction of a licensing regime for exchanges on June 1 The conference will begin at 3:15 pm (Kiev time) The Hong Kong Securities and Futures Commission (SFC) will h ...

After updating, the seed phrase can go online Ledger Recover also requires KYC The Ledger company, which develops hardware cryptocurrency storage wallets, has introduced a new feature called Ledger Recover that allows you to recover the secret phrase. This upd ...

This was a verification experiment by a member of the community He also used several other names from the OFAC sanctions list A Twitter user nicknamed "ZachXBT" posted the results of his experiment with the Gate.io platform yesterday, May 9. He registered on t ...

Cryptoblogger decided to check the KYC ("Know Your Customer") procedure on the Gate.io exchange and registered under the name Kim Jong-un. It took him only a few minutes to verify his identity. A blogger named ZachXBT decided to check how ...

Cryptocurrency exchange OKX announced that it has tightened its KYC ("Know Your Customer") verification process and lowered the daily withdrawal limit for users. The innovations apply to users of the first level of KYC. Now instead of 200 BTC per day they can withdraw onl ...

The New York attorney general has proposed a new law giving the agency expanded powers to regulate the state's cryptocurrency industry. The Cryptocurrency Regulation, Protection, Transparency and Oversight Bill (CRPTO) will be introduced in the New York State Senate and Ass ...

It included nine unlicensed cryptocurrency exchanges Their sites were blocked and domains confiscated Law enforcement officials are investigating to determine the names of those involved Yesterday, May 2, the National Police of Ukraine published an of ...

A bill to combat money laundering through cryptocurrencies, which U.S. Senators Elizabeth Warren and Roger Marshall are working on, has been delayed for lack of sponsorship. Elizabeth Warren and Roger Marshall first introduced the bill in December. It was aimed at obliging ...

Bybit, a popular cryptocurrency exchange, has made an announcement that will impact all its users. As of May 8, 2023, all customers will be required to complete a basic level of verification in order to access the full range of products and services offered by the platform. This decision comes ...

Societe Generale-Forge (SG-Forge), a subsidiary of the French banking giant Societe Generale, has introduced a new stablecoin called EUR CoinVertible, which is pegged to the European currency. The regulated company has designed this stablecoin for qualified institutional investors who have comple ...

The World Economic Forum (WEF) is actively exploring the potential of implementing an international blockchain-based system to facilitate digital identification of users. The topic was extensively discussed at the WEF's annual workshop, which focused on techniques aimed at improving user identity ...

According to reports by CNBC, some employees and volunteers at Binance, the largest crypto exchange, are providing advice to users from China on how to bypass the “know your customer” (KYC) procedure and remain anonymous. These individuals, known as "angels," shared methods such as forging bank d ...