KYC

KYC (Know your customer) is a banking and exchange regulation term for financial institutions and bookmakers, as well as other companies that work with private money, meaning that they must identify and establish the identity of the counterparty before conducting a financial transaction

IOTA Foundation Backs FATF’s Balanced Approach to AML/CFT Standards

CryptoQuorum The IOTA Foundation has publicly announced its strong support for the recent revisions proposed by the Financial Action Task…

6 months ago

Pi Network Crisis: Users Struggle to Migrate Tokens Before Deadline

Pi Network, a blockchain-based digital currency project, is currently facing a major crisis. Thousands of users are struggling to migrate…

7 months ago

Why Vitalik Buterin’s stance on Worldcoin (WLD) is ambiguous

Shortly after the publication of the controversial Worldcoin (WLD) project, Vitalik Buterin expressed ambivalence about the technology. The Ethereum inventor is…

2 years ago

Bitpanda and Coinbase: Crypto exchanges enter into important partnership

Vienna-based cryptocurrency exchange Bitpanda and exchange Coinbase have signed a new partnership agreement. This emerges from a joint statement from today (Thursday, May…

2 years ago

G7 call for crypto regulation: That is why it is now necessary

The G7 are calling for crypto regulation and will soon work together to draft comprehensive legislation. Interventions are necessary in order…

3 years ago

Polygon releases system for on-chain identification

Ethereum sidechain Polygon releases a system for on-chain identification of users called Polygon ID. The project was in a closed test…

3 years ago

Dominica releases DMC token and blockchain ID

Almost a month and a half after Dominica made cryptocurrencies legal tender, the small island nation is now releasing its…

3 years ago

Kraken violates sanctions: $362,000 fine

Crypto exchange Kraken violated sanctions imposed on Iran by the US Treasury Department. As a result, US authorities are now demanding…

3 years ago

FTX hack: $600 million worth of coins affected

The insolvent crypto exchange FTX reports on unauthorized access. The crypto exchange hack is said to be responsible for the loss…

3 years ago

FTX is developing its own stablecoin

With FTX, the next big crypto exchange wants to enter the stablecoin business. Some competitors already provide such an offer. According to…

3 years ago

Turn companies into DAO? BTC Veteran Explained

Why should you turn a company into a DAO and how does the modern, decentralized company model work? Bitcoin veteran Erik…

3 years ago

Celsius data leak: How KYC becomes a personal risk

The insolvent crypto company Celsius is to blame for a data leak that makes all users of the service and…

3 years ago

UK authorities do not store user data from non-hosted crypto wallets

However, the UK government has reserved the right to monitor wallet transactions that authorities deem high-risk. Most customers who use…

3 years ago

BitMEX agrees to a $100 million settlement with CFTC and FinCEN

In October 2020, the US Commodity Futures Trading Commission (CFTC) filed a case against crypto derivative platform BitMEX for offering…

4 years ago

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