Tag: kyc

Jan 07 2021

Crypto Derivatives Exchange BitMEX Says All Users Are Now Verified

Jan 07 2021 Published at CoinDesk under tags  bitmex business derivatives exchanges kyc

After getting in hot water with U.S. regulators last year, the exchange has rolled out mandatory verification for all users.

Jan 06 2021

ShapeShift Removes KYC Requirements Amid Growing Regulatory Clampdowns

Jan 06 2021 Published at Coingape under tags  crypto trading kyc news occ regulation news

ShapeShift, a popular crypto trading platfrom today announced that they are doing away with all kinds of KYC requirements on their platform starting today in an...

What Does It Cost to Become an FCA-Approved Exchange? EXMO Execs Explain

Jan 06 2021 Published at CoinDesk under tags  aml5 exchanges global kyc policy & regulation

The U.K.-registered EXMO exchange is one of the many crypto startups to go through the FCA approval process. Execs detailed the work it took to get there.

ShapeShift Is Going Full DeFi to Lose KYC Rules

Jan 06 2021 Published at CoinDesk under tags  business defi dex kyc shapeshift

Erik Voorhees’ ShapeShift is morphing into a decentralized exchange (DEX). It's losing the KYC restrictions at the same time.

Jan 04 2021

A Commentary On FinCEN’s Proposed KYC Requirements

Jan 04 2021 Published at Bitcoin Magazine under tags  fincen kyc regulation

Policy Division Financial Crimes Enforcement Network P.O. Box 39 Vienna, VA 22183 FinCEN Docket No. FINCEN-2020-0020, RIN 1506-AB47 January 4, 2020 Dear Sir or Madam, The proposed regulations on currency transaction reports and record-keeping seem to require that banks and money services businesses (MSBs) be able to prove that an identified counterparty to a transaction indeed owns one or more...

Jan 01 2021

US Representatives Demand Deadline Extension for Devastating Crypto Rule

A bipartisan group of Congresspeople led by Rep. Tom Emmer has written to the U.S. Treasury Department to extend the deadline for obtaining public comments on the proposed legislation for KYC for self-hosted crypto wallets and blockchain nodes. A Rushed, Illegitimate Crypto Rule On...

Dec 30 2020

Democracy Demands a Say in the Future of Money

The U.S. Treasury’s decision to impose know-your-customer rules to private cryptocurrency wallets is flawed in more ways than one.

Dec 21 2020

US Treasury Proposes Strict Cryptocurrency KYC Requirements

The FinCEN proposes new KYC requirements for the US cryptocurrency users to fight international terrorist financing.

Dec 18 2020

FinCEN Proposes KYC For Withdrawing Cryptocurrency To Private Wallets

Dec 18 2020 Published at Bitcoin Magazine under tags  fincen kyc regulation u.s. treasury

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has released a notice of proposed rulemaking that would require money services business to submit reports, keep records and verify the identity of customers as they relate to digital currencies “held in unhosted wallets … or held in wallets hosted in a jurisdiction identified by FinCEN.” FinCEN...

Self-Hosted Bitcoin Wallets Become Front Line in Fight Over Crypto Regulations

The steady creep of know-your-customer (KYC) requirements over firms that touch digital assets is now at the foot of self-hosted wallets.

Dec 17 2020

Seychelles, Longtime Home of BitMEX, Is Bending to US Pressure on KYC

Dec 17 2020 Published at CoinDesk under tags  aml bitmex ciphertrace kyc policy & regulation

When it comes to island-hopping crypto exchanges with relaxed know-your- customer rules, BitMEX could be just the tip of the iceberg.

Dec 10 2020

US Congressmen Combat Treasury’s “Impractical Regulatory Burdens” on Crypto

Dec 10 2020 Published at Crypto Briefing under tags  aml analysis congress kyc wallets

Legislative representatives and industry leaders have taken a firm stand against a proposed law that would make KYC/AML mandatory for self-hosted crypto wallets. ...

Nov 27 2020

Peter Schiff Calls For Bitcoin’s Doom Again With New KYC Regulations

Nov 27 2020 Published at Coingape under tags  aml bitcoin bitcoin news btcbrl btcbusd

Famous gold proponent Peter Schiff is not a big fan of bitcoin and has predicted the top cryptocurrency's doom on a number of occasions. Schiff's last prediction came after the...

Nov 26 2020

U.S. Treasury Department Proposal an “Existential Threat to Bitcoin”

Nov 26 2020 Published at Crypto Briefing under tags  analysis kyc regulations

The CEO of Coinbase, Brian Armstrong, shared details...

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