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Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative effect on my own experience, thanks to the same regulations, […]
The post Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’ appeared first on Bitcoin News.
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With mainstream exchanges becoming progressively cumbersome due to privacy invasive policy and regulation, some crypto traders are switching to more private, face-to-face trading. While this route isn’t for everyone, and comes with unique risks, it does offer a very real solution to many of the problems plaguing mainstream exchanges currently. The goal of this breakdown […]
The post How to Trade Crypto in Person Safely appeared first on Bitcoin News.
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The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering (AML) policies and know your customer (KYC) protocols. The statement is a highly visible product of the […]
The post Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here appeared first on Bitcoin News.
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An article found on the De Nederlandsche Bank (DNB) website has surprised many in the crypto space, with its bold claim that “If the entire system collapses, the gold stock provides a collateral to start over.” While proclamations of this nature are nothing new, it is strange to see a mainstream financial institution open up […]
The post Dutch National Bank Says Gold Can Re-Start Economy in Case of Total Collapse appeared first on Bitcoin News.
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LendaBit.com, one of the fastest-growing P2P lending platforms, is pleased to announce the launch of a new special service campaign aimed at further loan liberalization for unverified platform users. From now on, all registered platform users are able to take crypto loans up to 300 USDT on a daily basis, where the borrowing fee accounts for 1% – no verification required!
The post PR: LendaBit.com Launches Excellent P2P Service for Unverified Borrowers appeared first on Bitcoin News.
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As bitcoiners celebrate the 10th anniversary of Satoshi’s invention, veteran enthusiasts will be aware that a lot has changed since the early days. One business that was once incredibly popular is the art of manufacturing loaded physical bitcoins. Government regulations have forced operations to cease, causing the physical bitcoin minting business to virtually grind to […]
The post Regulations Have Ruined the Physical Bitcoin Industry appeared first on Bitcoin News.
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When it comes to cryptocurrency regulation, there is a lack of consensus on how to protect investors. Criminal activity such as fraud, hacks and theft is prevalent, not only in the crypto realm, but in the traditional financial world too. Some exchanges have deemed know your customer (KYC) and anti-money laundering (AML) compliance as unnecessary, […]
The post Why Some Crypto Companies Consider KYC and AML Compliance Unnecessary appeared first on Bitcoin News.
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In today’s edition of The Daily, we look at how the current bear market is facilitating consolidation in the global cryptocurrency industry. We also focus on recent calls by an intergovernmental organization to tighten up rules on virtual assets throughout the world, as well as a story about a small U.S. town that has banned […]
The post The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining appeared first on Bitcoin News.
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Two common complaints among crypto traders are that platforms which didn’t before are now demanding identification documents and that more venues close their doors to residents of some countries. While users naturally lash out at the companies, it is important to remember that this is often done under coercion or threat by regulators. The US […]
The post US Government to “Aggressively Pursue” Unregulated Services Around the World appeared first on Bitcoin News.
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The Bitcoin Cash community can now use their BCH to take part in ICOs and Private Sales on QUOINE’s ICO platform. The global fintech company already allows token sale participants to use BTC, ETH and QASH. The addition of BCH adds a new layer of flexibility to participation in the token sales presented by QUOINE.
ICO Mission Control is a safe and secure platform that sits within QUOINE’s QRYPTOS exchange. ICO participants need only sign up and KYC once in order to access the token sales. The ICO Mission Control platform all but eliminates common risks associated with ICOs, such as hacks, scams, phishing and data leaks.
The post PR: Quoine’s ICO Platform Adds BCH as Funding Currency appeared first on Bitcoin News.
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