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Category: KYT
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Currency.com Accused of Exploiting KYC to Withhold Customer Funds
Know Your Customer (KYC) and Know Your Transaction (KYT) are ostensibly deployed by exchanges to combat money laundering. In practice, these provisions are used as an excuse to surveil, cajole, and threaten customers, who risk losing funds if they are unable to meet the impossibly high burden of proof. An investigation by news.Bitcoin.com suggests that […]
The post Currency.com Accused of Exploiting KYC to Withhold Customer Funds appeared first on Bitcoin News.
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Know Your Transaction Is the KYC of Blockchain
You’ve heard of KYC – Know Your Customer – and possibly also KYT – Know Your Transaction – but have likely yet to experience it in action. KYC have lately become the norm for crowdsale registration and exchange verification. Now, KYT is on the rise, and it threatens to blacklist bitcoiners whose cryptocurrency is deemed […]
The post Know Your Transaction Is the KYC of Blockchain appeared first on Bitcoin News.
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Chainalysis Raises $16Mn – Plans to Monitor Multiple Blockchains
The blockchain surveillance company Chainalysis has announced it has raised $16 million USD in a Series A funding round from the firm Benchmark. Chainalysis also reveals it will be stretching its monitoring software efforts towards the bitcoin cash network and hopes by the year-end the platform will cover ten different public blockchains. Also read: Russians […]
The post Chainalysis Raises $16Mn – Plans to Monitor Multiple Blockchains appeared first on Bitcoin News.
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