KYC – Page 15 – DIGIT INFO

CZ responds to reports of Binance investigation: story has no “teeth”

The Binance CEO vigorously defended the company’s KYC/AML practices, dismissing reports of an investigation

Korean crypto exchanges could soon face fines for gaps in due diligence measures

South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.

Go to Source

Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures

The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering.

Go to Source

BitGo receives trust license from New York regulators

Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state.

Go to Source

SEC’s Division of Examinations issues Risk Alert on digital assets

The Risk Alert seemed to take particular aim at broker-dealers, who have been “inadequate” in their AML compliance

Go to Source

Merging traditional finance and DeFi is critical for mass adoption

If we want to achieve mainstream adoption, we must move toward an industry where DeFi can also serve legacy financial institutions.

Go to Source

A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection

During the last two years, there’s been a lot of interest in Facebook’s cryptocurrency diem (formally libra) and rumors of a nearing launch date went viral last November. Now the social media giant is advertising the crypto asset’s pre-sale heavily on the platform, as people can now purchase diem with U.S. dollars and three different […]

Go to Source

Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages

The Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems. Crypto Exchange Suffered Three Massive Outages Since the Beginning of 2021 According to Bangkok […]

Go to Source

Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam

The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled an exit scam. Customers are unable to withdraw their funds and have been asked to provide extensive identifying information which they fear would lead to identity theft. The exchange claims that it was hacked in December. Livecoin Crypto Exchange Closes Down […]

Go to Source

Bitstamp imposes KYC for Dutch traders withdrawing to external wallets

To comply with Dutch regulations, Netherlands-based Bitstamp users can no longer make withdrawals without first providing photographic proof they own the recipient wallet.

Go to Source