カテゴリー: Know-Your-Customer

Shapeshift Moves to Membership Model Requiring User Information

Shapeshift Moves to Membership Model Requiring User InformationNon-custodial crypto trading platform Shapeshift has introduced a membership program which will soon be mandatory. CEO Erik Voorhees explains that his exchange will have to begin collecting basic personal information of its users, and there will be five membership levels. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Shapeshift Membership Mandatory Soon […]

The post Shapeshift Moves to Membership Model Requiring User Information appeared first on Bitcoin News.

Wendy McElroy: Free-Market Law Enforcement for Crypto

Free-Market Law Enforcement for CryptoThe Satoshi Revolution: A Revolution of Rising Expectations. Section 4: State Versus Society Chapter 9, Part 6 Government is a law factory. It passes laws in the same manner that another type of factory extrudes metal molding…But, whereas a factory which extrudes metal molding is providing a product which is useful to the citizens generally, […]

The post Wendy McElroy: Free-Market Law Enforcement for Crypto appeared first on Bitcoin News.

Wendy McElroy: The Centralization of Crypto and the Banality of Evil

The Centralization of Crypto and the Banality of EvilThe Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 3 The Centralization of Crypto and the Banality of Evil First we must realize that all actions are performed by individuals… If we scrutinize the meaning of the various actions performed by individuals we must necessarily learn everything about the actions […]

The post Wendy McElroy: The Centralization of Crypto and the Banality of Evil appeared first on Bitcoin News.

The Peer-to-Peer Cryptocurrency Exchange Hodl Hodl Doesn’t Require KYC

The Peer-to-Peer Cryptocurrency Exchange Hodl Hodl Doesn't Require KYCThis week as people hear about the peer-to-peer exchange Localbitcoins requiring identification for traders who deal in “significant” trade volumes, many of them are scouring the internet in search of decentralized exchanges that don’t require Know-Your-Customer (KYC) verification. One such trading platform called ‘Hodl Hodl’ launched its beta version this past February allowing traders to […]

The post The Peer-to-Peer Cryptocurrency Exchange Hodl Hodl Doesn’t Require KYC appeared first on Bitcoin News.

Significant Trade Volume Triggers Localbitcoins KYC Requirement

Significant Trade Volume Triggers Localbitcoins KYC RequirementAccording to a recent thread on Reddit, Localbitcoins traders allegedly have to verify their identity if they are trading “significant” volume using the peer-to-peer platform. Also Read: Meet Memo: An On-Chain Social Network Built on Bitcoin Cash Localbitcoins ‘Error’ Involves Know-Your-Customer Verification Bitcoin users are frantically searching other exchanges today that don’t require Know-Your-Customer (KYC) verification. […]

The post Significant Trade Volume Triggers Localbitcoins KYC Requirement appeared first on Bitcoin News.

Wendy McElroy: How Centralized Exchanges Intend to Devastate You

How Centralized Exchanges Intend to Devastate YouThe Satoshi Revolution: A Revolution of Rising Expectations Section 2: The Moral Imperative of Privacy Chapter 6: Privacy is a Prerequisite for Human Rights How Centralized Exchanges Intend to Devastate You. Chapter 6, Part 6. The root problem with conventional currency is all the trust that’s required to make it work…We have to trust them […]

The post Wendy McElroy: How Centralized Exchanges Intend to Devastate You appeared first on Bitcoin News.

ICOs and Exchange Sign-Ups Create Boom for Automated Compliance Industry

ICOs and Exchange Sign-Ups Create Boom for Automated Compliance IndustryMany of the major cryptocurrency exchanges have announced that a massive influx of new traders in late 2017 caused them to be overwhelmed, leading to degraded services or forcing them to close their doors to new clients. Much of the problem was the need to ensure compliance with complex KYC/AML regulations, which the companies struggled […]

The post ICOs and Exchange Sign-Ups Create Boom for Automated Compliance Industry appeared first on Bitcoin News.

Indian Crypto Traders Getting Notices From Tax Authority Due to Unreported Investments

Indian Crypto Traders Getting Notices From Tax Authority Due to Unreported InvestmentsThe Indian tax authority has sent notices to cryptocurrency investors after discovering that some crypto investments are not reflected on tax returns. The government conducted a survey of crypto trading at the country’s 9 exchanges and found that more than $3.5 billion worth of transactions were traded over a 17-month period. Also read: Despite Multiple Government […]

The post Indian Crypto Traders Getting Notices From Tax Authority Due to Unreported Investments appeared first on Bitcoin News.

Australia Introduces Bill That Regulates Bitcoin Exchanges

Australia Introduces a Bill That Regulates Bitcoin ExchangesThe Australian Government has announced a bill that would regulate digital currency exchanges including bitcoin exchanges for the first time. Also read: Three Ukrainian Lawmakers Declare Bitcoin Holdings Worth $47 Million Australia to Regulate Bitcoin Exchanges Australia’s Coalition Government announced a bill on Thursday that would regulate digital currency exchanges. This legislation is part of the […]

The post Australia Introduces Bill That Regulates Bitcoin Exchanges appeared first on Bitcoin News.