Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.
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Telegram has been testing a new service that will store users’ information and documents for verification purposes, according to Russian media reports. Telegram Passport will be used to keep personal details and copies of IDs, banking statements, and utility bills to identify users on Telegram’s blockchain platform TON. Also read: After Telegram, Viber May Be […]
The post Telegram Reportedly Testing Service to Store Data for Identity Verification appeared first on Bitcoin News.
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Identity theft is one of the biggest crimes afflicting countries like the United States and Britain. According to a recent report, in 2016 alone, American citizens lost about USD 16 Billion due this misdemeanour. This figure increases to a staggering USD 106 Billion if we considered a ten year period up to 2016. In the United Kingdom, home to one of the financial capitals of the world, identity theft has doubled over an eight year period ending 2016. Clearly, investors are at risk while transacting money online.
The post PR: Anonymous and Decentralised ID by Biometrids appeared first on Bitcoin News.
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Over the past few months, cryptocurrency exchanges across the globe have been swamped with new customers looking to trade or acquire digital assets. Trading platforms have been having a hard time keeping up with the new registrants. Users are complaining that identity verifications are now required and take weeks to process, while some exchanges are […]
The post People Selling ‘Fully Verified’ Crypto-Exchange Accounts On the Rise appeared first on Bitcoin News.
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This week the popular cryptocurrency exchange based out of Delaware, Poloniex, has issued a notice to legacy account holders. According to the exchange, all traders who use the platform must verify their identity using the company’s upgraded verification portal. Also read: Dancing With the Devil: ‘Cashing Out’ Cryptos Into Fiat Not So Easy Legacy Account Holders […]
The post Poloniex Now Requires Legacy Trading Accounts to Verify Identity appeared first on Bitcoin News.
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