Tag: kyc

Apr 02 2021

Why Proposed FATF Rules Could Be a Shock for DeFi

Dave Jevans, CEO of Cipher Trace, talks about what the new draft guidance from the FATF (Financial Action Task Force) means for DeFi, NFTs, and crypto in general. In this show, he breaks down: the six main areas the draft guidance covers, including the expansion of KYC regulatory standards into DeFi (1:07)...

Mar 29 2021

“Probably The Largest KYC Data Leak In History” Demonstrates The Importance Of Bitcoin Privacy

Mar 29 2021 Published at Bitcoin Magazine under tags  business hack kyc privacy

The alleged hack has left millions of users’ personal data — including passwords and addresses — available for 1.5 BTC on the dark web.As much as 8.2 terabytes of personal information data has allegedly leaked from users of India-based MobiKwik mobile payment’s wallet application and onto the dark web, according to a report from...

Mar 22 2021

FATF Recommends Heightened Restrictions On Virtual Assets And Service Providers

Mar 22 2021 Published at Bitcoin Magazine under tags  aml business fatf kyc regulation

In its updated guidance on virtual assets and virtual asset service providers, the FATF recommends requiring more strict KYC/AML measures.The Financial Action Task Force (FATF) has updated its “Guidance for a risk-based approach to virtual assets...

Mar 15 2021

Bitcoin Wallets For Beginners, Part One: Self Custody And Avoiding KYC

In part one of the “Bitcoin Wallets For Beginners” series, we cover the importance of bitcoin self custody and dangers of KYC regulations.This article is part one of a five-part series designed to demonstrate to Bitcoin beginners how to install, secure and use a Bitcoin wallet. This first part of the series covers the importance of self-custody and the dangers of know...

Mar 01 2021

What is KYC?

Mar 01 2021 Published at Bitcoin Magazine under tags  101 aml bisq exchanges hodl hodl

Know Your Customer (KYC) guidelines are requirements that compel financial services providers to make an effort to identify their customers. Fulfilling KYC requirements often includes gathering personal information about these customers by asking them to submit...

Feb 17 2021

Qtum & Blockpass Team Up for Easy KYC Compliance

Feb 17 2021 Published at Blockonomi under tags  kyc qtum regulation

Qtum and Blockpass are working together to make client KYC regulations easy and inexpensive to deal with. Qtum was the first open-source platform to combine Bitcoin with Ethereum's smart-contract functionality, and Blockpass is a leading on-chain Know Your Customer (KYC) compliance organization. As more companies want to enter the digital currency space, the cost of [...] The post Qtum & Blockpass Team Up...

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...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: