カテゴリー: KYC

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a ThreatThe majority of crypto exchanges want to see the industry regulated, although many consider excessive regulation to be the biggest threat, according to a new study. A third of the platforms in the poll also fear a market crash that could suddenly devalue digital assets. A fifth of the exchanges dislike anonymity.     Also read: Huobi […]

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Telegram Launches Passport Service for ICO Verification

Telegram Launches Passport Service for ICO VerificationMessaging service Telegram launched a new crypto-oriented feature on Thursday. Telegram Passport is a “unified authorization method for services that require personal identification”. KYC for ICOs in other words, which the Russian chat platform names as one of its intended use cases for Passport. Documents will be secured by end-to-end encryption, and Telegram has promised […]

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Crowdsale KYC is Fueling a Black Market for Fake ID

KYC for Crowdsales is Fueling a Black Market for Fake IDsKYC for crowdsales was meant to add oversight and legitimacy to a largely unregulated space. Instead it’s left investors susceptible to data breaches, identity theft and blackmail. Given the hazards, it’s understandable that some ICO investors have resorted to buying fake ID. Also read: A BCH Fueled Version of Patreon is Coming This August KYC Has […]

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Withdrawals Delayed – Bitflyer Scanning for Yakuza Customers

Withdrawals Delayed - Bitflyer Scanning for Yakuza CustomersBitflyer has been delaying deposits and withdrawals of virtual currency in the midst of ongoing KYC verifications. The company received business improvement orders from the Japanese financial watchdog in June as a result of insufficient measures against money laundering. Bitflyer reportedly has delayed resuming business as it is thoroughly verifying its clients’ identities. Bitflyer also […]

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Tezos Will Fork Before It’s Even Launched

Tezos Will Fork Before It’s Even LaunchedTezos, a blockchain best known for its off-chain drama rather than its on-chain utility, is set to fork. Internecine conflict has riven the Tezos community for months, spilling over into the courtroom and leading to the dismissal of foundation members. On the eve of its mainnet launch, another twist will see nTezos created as a […]

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Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes

Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto SchemesA major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange and six of them were selected. Upbit also recently partnered with Thomson Reuters to operate a system to support transparent crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Paid […]

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Another US Bitcoin Trader Faces Prison for Illegal Money Transmission

Another US Bitcoin Trader Faces Prison for Illegal Money TransmissionThis week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins.   Also read: Bitcoin Cash Innovation Continues with the […]

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Indian Crypto Exchanges Engage with RBI to Offer Banking Ban Alternatives

Indian Crypto Exchanges Engage with RBI to Offer Banking Ban AlternativesIndian cryptocurrency exchanges have followed the Supreme Court’s suggestion for them to present their cases to the Reserve Bank of India. They have sent letters to the central bank, offering alternatives to the RBI’s banking ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme Court’s Suggestion Cryptocurrency exchanges in India have reportedly sent […]

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Research: Majority of EU, US Exchanges and Wallets Fail to KYC Users

Research: Majority of EU, US Exchanges and Wallets Fail to KYC UsersMore than two thirds of the leading cryptocurrency exchanges and wallet providers on both sides of the Atlantic fail to conduct proper identity verification checks. According to new research into their onboarding practices, most of the studied platforms do not meet the requirements of the upcoming regulations under the updated EU anti-money laundering directive. Also […]

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Cryptocurrency Exchange Hitbtc Suspends Services in Japan

Cryptocurrency Exchange Hitbtc Suspends Services in JapanHitbtc has suspended its services for Japanese residents to avoid any trouble with the country’s financial regulator since it is not authorized to operate in Japan. Users with Japanese IP addresses will be asked to provide their residency information within the exchange’s know-your-customer (KYC) procedure to prove they are not residents of Japan. Also read: Yahoo! […]

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