Tag: kyc

Sep 30 2022

The Case Against CBDCs In A Capitalist Society: Banks Won’t Be Happy

The Bitcoin Policy Institute’s report on CBDCs makes a strong case for why the US should reject a centrally issued version of the dollar. Bitcoinist covered that already. This time, we’ll focus on the reasons why The Bitcoin Policy Institute thinks CBDCs don’t make sense and are not practical for capitalist societies. The main argument is that a CBDC would obsolete banks,...

Sep 28 2022

Uplift Integrates Blockpass on its Platform – Making Trust in the Crypto World as Easy as KYC

Uplift has announced a partnership with Blockpass, a prominent compliance provider and expert in digital identity profile services. Among other important things, this partnership will make KYC - Know Your Customer - more secure and easier for users.

Sep 22 2022

Banking Insider To Governments: You Should Want Bitcoin To Be Way More Private

According to this banking insider, the governments have it all wrong. Bitcoin is one of the least private assets out there, and they should change policies for the pendulum to swing the other way. In the banking insider’s opinion, instead of protecting them, the governments have been harming their citizens with the current draconian measures. That sounds convenient for bitcoiners, sure, but this...

Sep 16 2022

Cabital Partners With Matrixport To Offer Fiat On-And-Off Ramp Capability

Sep 16 2022 Published at Bitcoinist.com under tags  cabital crypto crypto news kyc matrixport

Recently, the firm announced its collaboration with Cabital, a reputable and all-compassing fiat on-and-off ramp solution. The partnership created an integration of Cabital Connect on the Matrixport platform. Many people are ready to dive into crypto, but some factors still limit them. One of the factors is the inability to use fiat currencies besides the US dollar in...

Sep 09 2022

Binance to Issue Tokens to Users Who Complete KYC Checks

Sep 09 2022 Published at Coinscreed under tags  binance kyc news token

With the tokens, people will be able to join building projects on the BNB chain after they have successfully completed their KYC checks. A public announcement says that the cryptocurrency exchange Binance plans to give all users who meet "know-your-customer" (KYC) requirements a "soulbound" token on the BNB blockchain. Soulbound tokens, which in this case […] The post...

Sep 02 2022

How to Pass KYC/AML on Changelly: a Step-by-Step Guide

If your transaction on Changelly has been put on hold, that means we have to ask you to pass KYC/AML. In this article, we will take a look at every step you need to take to check it off your list and get back to buying and exchanging crypto. If you have any further questions, please do not hesitate to contact our security...

Aug 26 2022

Binance clarifies it froze Baking Bad corporate account due to law enforcement request, locked assets in agency custody

Aug 26 2022 Published at CryptoSlate under tags  binance exchanges kyc legal tezos

Binance said it froze Tezos (XTZ) tool contributor Baking Bad's corporate account because of a law enforcement request and said that Baking Bad is aware of the issue behind the freeze as it was notified multiple times. Binance made the statement in response to allegations that it had frozen and wiped the account "without any explanations." In an August 25 tweet,...

Aug 03 2022

An Argument Against KYC Bitcoin That Everyone Can Understand

Aug 03 2022 Published at Bitcoin Magazine under tags  culture kyc marty's bent opinion privacy

The reasons that KYC should never be the default are obvious when examined from a lens of security and privacy.This is an opinion editorial by Heady Wook, privacy advocate and contributor to Bitcoin Magazine.IntroductionIn the Bitcoin white paper, Satoshi Nakamoto cited the need for a cash system over the internet without the need for a trusted...

Aug 02 2022

Binance uses Soulbound Tokens to offer decentralized KYC of wallets

Aug 02 2022 Published at CryptoSlate under tags  exchanges kyc nfts wallets

Binance launched BAB, a Soulbound Token on the BNB Chain, as a decentralized solution to the KYC requirements for the exchange. Soulbound Tokens are NFTs that are non-transferrable between wallets. The inability to trade the NFT allows it to be used to identify the wallet holder on the blockchain. Data linked to the NFT can be utilized to pinpoint recorded actions by the...

Jul 29 2022

Celsius reveals customer data breach by vendor’s employee

Jul 29 2022 Published at CryptoSlate under tags  celsius customer.io data leak kyc lending

Embattled crypto lender Celsius Network has revealed via email that some of its customers' data were breached by an employee of Customer.io. Announcement from Celsius: “We are writing to let you know that wewere recently informed by our vendorhttps://t.co/452EROQtbc that one of their employeesaccessed a...

Jul 18 2022

Moonsama partners with KILT protocol for SocialKYC integration

Jul 18 2022 Published at CryptoSlate under tags  kilt kyc metaverse moonsama nfts

Polkadot-based NFT project Moonsama has announced that it integrated SocialKYC on its Multiverse Bridge, allowing users to sign in using their wallets instead of usernames and passwords. Moonsama integrated this feature through a partnership with KILTprotocol using its Sporran Wallet and SocialKYC credentials. The new feature allows users to log in to their Moonsama account using SocialKYC credentialst. It will...

Jul 14 2022

RoboSats: Exchanging Bitcoin Easily, Privately And KYC-Free

RoboSats is a project that allows users to generate fun pseudonymous avatars that can facilitate KYC-free bitcoin trades.This is an opinion editorial by Okada, mechanical engineer and contributor to Bitcoin Magazine.Generate a robot avatar today and exchange Bitcoin over the Lightning Network (LN) with simple and KYC-free...

Jun 21 2022

How To Use Bybit in the USA: Best Bybit VPN (2022)

So you planned to travel to USA, and started using your favourite app for crypto trading, and you noticed the warning saying "Your IP is restricted" and you can't use the Bybit to trade. You might be wondering what's happening and how can you safely use and trade on Bybit in the USA. Well, this guide to use Bybit in the USA using...

Jun 08 2022

Edge crypto exchange announces no-KYC digital currency Mastercard

Jun 08 2022 Published at Coinscreed under tags  cryptocurrency exchange edge kyc

Edge, a self-custody crypto exchange, revealed that it will offer a no-KYC debit Mastercard that can accept Bitcoin and other digital currencies funding. Users would be able to spend their bitcoin at more than 10 million merchant terminals in the United States without KYC verification. Currently, the Edge Mastercard may be funded directly from the […] The post...

Jun 01 2022

What is KYC, and Why is it Important for Crypto Exchanges?

Jun 01 2022 Published at CoinSutra – Bitcoin Community under tags  exchanges kyc

What does KYC Means?What are KYC and AML?What are the Benefits or Limitations of KYC? Have you ever wondered why opening an account with a bank or a crypto exchange is such an extensive process? Why every time you open an account with these institutes, you are required to provide various identity proofs to verify your identity? There is a genuine...

May 09 2022

Binance KYC & Changing KYC – Everything You Need To Know

Back in 2017, when Binance was launched, it was a honeymoon period. There was no KYC requirement, and one could freely trade on Binance from any part of the world. As Crypto started to become mainstream, and due to an arm-twist by regulatory bodies around the globe, Binance implemented the KYC system. The...

May 06 2022

Should Yuga Labs Have Charged More For Its Otherside NFTs?

Eric Golden, the owner of BAYC #7560 and host of Web3 Breakdowns, discusses the Otherdeed NFT drop that stalled Ethereum and burned over $150 million worth of ether. Show topics: what the Otherdeed mint is Why Yuga Labs had buyers undergo a...

Apr 28 2022

Illegal Crypto Exchange Busted. The List Of Seized Assets Is Incredible

This story is wild. The list of seized assets is wilder. In the District of New Hampshire, the police arrested a few people that were exchanging cryptocurrencies with no regard for any regulation or AML and KYC procedures. Apparently, “between May 25, 2016, and March 15, 2021, the defendants exchanged more than $10,000,000 in cryptocurrency for customers throughout the United States.” That’s according...

Apr 04 2022

7 No KYC Crypto Exchanges With Daily Withdrawal Limits (2022)

Looking for No KYC exchanges? No KYC Exchanges with the Withdrawal limitNon- KYC exchangesDescriptionNo KYC Withdrawal LimitBybit...

Mar 31 2022

YouHodler Onboards Sumsub to Fight Identity Fraud in Crypto Industry

YouHodler, a fintech platform focused on crypto-backed lending with fiat and stablecoin loans, says it has completed the integration of Sumsub, a identity verification and anti-fraud solution, into...

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