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While most crypto exchanges have begun implementing KYC mandates, investors still have the choice to opt for crypto exchanges that promote greater anonymity by not imposing KYC. Go to Source Powered by WPeMatico
One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools. Go to Source Powered by WPeMatico
India’s Enforcement Directorate, which investigates financial crime, has frozen WazirX bank accounts while it looks at transfers from instant loan companies to international wallets. Go to Source Powered by WPeMatico
Gregory Dwyer becomes the last one from the exchange’s management to enter a plea. Go to Source Powered by WPeMatico
According to an igaming expert, Keane Ecclestone, crypto casinos are increasingly popular with bettors that value their privacy and security. While some perceive crypto casinos to be riskier than traditional online gambling platforms, Ecclestone believes bettors can play safely by choosing casinos that avail their licensing information. Bettors can also minimize risks by choosing crypto … Read more
Binance’s new Binance Account Bound token is aimed at many use cases in the decentralized society but will initially only serve as Binance KYC user credentials. Go to Source Powered by WPeMatico
South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implications for both crypto investors and organizations providing intermediary services. The firm, however, says the South African Reserve Bank (SARB) “will … Read more
The Bank for International Settlements, International Monetary Fund and World Bank say CBDCs should be programmed in advance to avoid interoperability issues. Go to Source Powered by WPeMatico
Money laundering and fraud are serious issues in the cryptocurrency industry. Financial institutions and governmental bodies have been trying to regulate cryptocurrencies to fight this problem. There still aren’t foolproof methods, but there are different processes to help ensure cryptocurrency compliance. Know Your Customer or KYC is just one way that financial institutions try to … Read more
Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, … Read more
