Tag: surveillance

Jul 06 2021

Bitcoin Exchange Bybit To Require Stricter KYC, Including Facial Recognition

Jul 06 2021 Published at Bitcoin Magazine under tags  business bybit kyc surveillance

Bitcoin derivatives exchange Bybit will require stricter KYC verification for users who wish to withdraw more than 2 BTC per day.Bitcoin derivatives exchange Bybit will require stricter know your customer (KYC) procedures for individuals and corporations who wish to withdraw more than 2 BTC on a given day, including facial recognition screening.“We have had KYC procedures on certain selected group of...

May 28 2021

OFAC Requests Chainalysis Subscription For Bitcoin Blockchain Surveillance

The U.S. Office of Foreign Assets Control wants a renewed subscription to Chainalysis blockchain surveillance tools for monitoring Bitcoin.The Office of Foreign Assets Control (OFAC), a financial intelligence and enforcement agency within the U.S. Treasury Department, has requested a second subscription to license, training and support packages from blockchain analysis firm Chainalysis, according to a...

May 20 2021

U.S. Wants To Require That Large Bitcoin Transactions Are Reported To IRS

A tax enforcement proposal from the Biden administration may compel businesses to report bitcoin transactions exceeding $10,000 to the IRS.A tax enforcement proposal from the Biden administration would compel businesses accepting bitcoin transactions of more than $10,000 to report them to the Internal Revenue Service (IRS).“Cryptocurrency already poses a significant detection problem by facilitating illegal...

Mar 24 2021

Russia Reportedly Plans To Track Bitcoin-To-Fiat Sales

Mar 24 2021 Published at Bitcoin Magazine under tags  culture russia surveillance

According to local news reports, a Russian financial monitoring service will be tracking bitcoin-to-fiat transactions.Authorities in Russia are planning to track transactions involving the exchange of bitcoin for rubles, according to a report from the local news agency Regnum. Per the report, the country’s deputy head of Moscow’s financial monitoring...

Feb 01 2021

Facial Recognition Tech May Be Being Used Against Russian Protestors

Feb 01 2021 Published at CoinDesk under tags  news russia surveillance tech

Russian police officials may be tracking attendees at pro-Navalny protests using facial recognition tools, detainees claim.

FinCEN’s Wallet Rule Aims to Close Crypto-Cash Reporting Gap, Official Says

FinCEN Deputy Director Michael Mosier encouraged commenters to provide practical, technical feedback on the rule.

Dec 19 2020

Outgoing Trump Administration Rushes Damaging New Crypto Bill

Dec 19 2020 Published at Crypto Briefing under tags  analysis regulations surveillance

U.S. regulators finally issued a formal notice for KYC/AML registration of self-hosted crypto wallets, the...

Dec 17 2020

The Year We Learned the Rewards and Risks of Smart Devices

Moving into 2021, smart devices may be the most important battleground for data ownership and personal privacy.

Nov 19 2020

Solidus Labs Believes Its Crypto Surveillance Tool Can Help Launch a Bitcoin ETF

Solidus Labs believes its new surveillance tool can help regulators maintain confidence in crypto markets, potentially leading to the approval of a bitcoin ETF.

Nov 12 2020

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