KYC – Page 17 – DIGIT INFO

Thailand’s New Cryptocurrency Regulation Requires Users to Be Physically Present to Open Accounts

May 4, 2021 by DIGIT

The Thai government has reportedly imposed a new cryptocurrency requirement. Crypto exchanges will be required to verify users’ identities using a machine that requires the customers to be physically present. Thailand’s New Crypto Rules The Thai Anti-Money Laundering Office (Amlo) has announced that starting in July “local digital exchanges must verify their customers’ identities through … Read more

Crypto.com to use CipherTrace tool to comply with FATF’s travel rule

May 3, 2021 by DIGIT

Crypto.com has chosen CipherTrace’s specialized compliance tool to help it fulfill the complex requirements of the FATF’s industry-shaping “travel rule.” Go to Source Powered by WPeMatico

Thailand to introduce in-person KYC for crypto exchanges

May 3, 2021 by DIGIT

Thailand’s government aims to curb new crypto account creation with stringent KYC requirements. Go to Source Powered by WPeMatico

Nexus Mutual moves to sundown legal entity, lift KYC requirements

April 23, 2021 by DIGIT

By transitioning to a fully DAO-governed model, Nexus could expand its userbase and iron out tokeneconomic friction. Go to Source Powered by WPeMatico

Mergers and acquisitions are rising, leaving crypto assessments in question

April 17, 2021 by DIGIT

Questions around cryptocurrency assessments gain momentum, which brings some nuanced challenges in assessing crypto’s place in M&A. Go to Source Powered by WPeMatico

Dubai’s economic department to roll out blockchain-based corporate KYC

April 14, 2021 by DIGIT

Dubai’s Department of Economic Development wants to accelerate the total adoption of UAE KYC — the national Know Your Customer standard running on blockchain technology. Go to Source Powered by WPeMatico

How African Users Can Buy and Trade Bitcoin Cash Without Facing KYC or Geoblocking Hurdles

April 13, 2021 by DIGIT

Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament. Cryptos Narrowing Financial Exclusion Gap Therefore, in their effort … Read more

Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’

April 12, 2021 by DIGIT

The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification in the country.” New Identification System Before the latest decision, the CBN … Read more

DeFi’s critical missing piece: Credit scores

April 10, 2021 by DIGIT

Traditional finance is built not on collateral but on reputation, and DeFi will grow by following suit. Go to Source Powered by WPeMatico

Japan’s FSA asks cryptocurrency industry group to introduce FATF travel rule

April 1, 2021 by DIGIT

Japan has been a member of the FATF since 1990. Go to Source Powered by WPeMatico