DEXs and KYC: A match made in hell or a real possibility?
Decentralized exchanges must figure out how to up their Know Your Customer compliance before the regulation wave hits. Go to Source Powered by WPeMatico
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Animoca Brands, Yuga Labs Tease Bored Ape Secret Project ‘Powered by Apecoin’
Since the token was launched roughly three days ago, the digital currency apecoin (APE) has been a topical conversation within the cryptocurrency community on forums and social media. So far, just over 82% of the claimable APE has been claimed and 13,672 unique addresses have received APE from the airdrop. Meanwhile, the Bored Ape Yacht … Read more
Yuga Labs faces user backlash for under wraps KYC-restricted project
Since Yuga Labs partnered with Animoca brands, other plans for a blockchain game expected to release in Q2 of 2022 have been revealed. Go to Source Powered by WPeMatico
Binance Launches Bitfinity, a Payments Company Targeting the Web3 Economy
Leading cryptocurrency exchange Binance has announced the launch of its own payments processing company, Bitfinity. Bitfinity will act as the default fiat-to-crypto payments ramp for the exchange, as well as for other blockchains. With this launch, Binance also targets the expanding Web3 economy, partnering with Paysafe and Checkout.com. Bitfinity Launches to Help Merchants Accept Crypto … Read more
Are crypto and blockchain safe for kids, or should greater measures be put in place?
Age verification and educations around the implications of blockchain technology should be enforced for minors dabbling in the crypto space. Go to Source Powered by WPeMatico
Central Bank of Argentina Prepares New Regulations for Digital Wallets
The Central Bank of Argentina is reportedly working on a new group of regulations seeking to control the totality of the digital wallets in the country. This new legal framework is directed at stopping fraud said to be facilitated by these tools. According to leaks on local media, the publication of the law is imminent. … Read more
What is the importance of blockchain in the RegTech ecosystem?
RegTech enhances compliance for financial services institutions. This guide explains how blockchain works in banking to achieve this goal. Go to Source Powered by WPeMatico
US-based crypto firms join forces for travel rule compliance
“We are focused on adding new members, so that TRUST can provide comprehensive compliance across the crypto industry,” said the joint announcement. Go to Source Powered by WPeMatico
Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge
United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets (AFCM) to kickstart a challenge that encourages fintechs to create a know-your-customer (KYC) verification system based on blockchain technology. Trustworthiness of Data on the Blockchain The AFCM has, in conjunction with the UAE’s Ministry of Economy, launched a … Read more
Singaporean megabank DBS works on expanding Bitcoin trading to retail
DBS Bank’s crypto exchange launched in late 2020, allowing to trade cryptocurrencies only to professional investors. Go to Source Powered by WPeMatico