HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain
HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology. Go to Source Powered by WPeMatico
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Echoing Cuban, Novogratz says DeFi should ‘play by the rules’, or ‘pay the piper’ later
Mike Novogratz suggests DeFi projects add KYC and AML features now instead of waiting on regulators to crack down on the entire sector. Go to Source Powered by WPeMatico
Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer
The Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures. The document has been criticized by regulators in Kyiv but the government wants the legislation passed before the parliament’s summer break. Draft Law … Read more
Is there a right way to regulate crypto? Yes, and this is how
Cryptocurrency is a promising asset class for people and investors, but the lack of proper regulation slows down its innovation. Go to Source Powered by WPeMatico
Crypto firms not meeting AML standards, says UK minister
Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year. Go to Source Powered by WPeMatico
Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges
The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court. DNB Takes a Step Back on Unlawful KYC Requirements De Nederlandsche … Read more
Hybrid DEX/CEX exchange Cryptocurrencies.AI raises $8 million, taps Binance liquidity
A feature-rich DEX hopes to lure traders in with new tools and liquidity via Binance. Go to Source Powered by WPeMatico
Dutch regulators unsure of number of crypto investors in Netherlands
Stringent KYC requirements notwithstanding, the Dutch central bank still does not know how many crypto investors are in the Netherlands. Go to Source Powered by WPeMatico
Blockchain will thrive once innovators and regulators work together
Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem. Go to Source Powered by WPeMatico
DeFi lending platform Aave reveals ‘permissioned pool’ for institutions
Designed for institutional investors, the lending pool will feature KYC and AML restrictions. Go to Source Powered by WPeMatico
