KYC

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Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’

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Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative effect on my own experience, thanks to the same regulations, … Read more

How to Trade Crypto in Person Safely

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With mainstream exchanges becoming progressively cumbersome due to privacy invasive policy and regulation, some crypto traders are switching to more private, face-to-face trading. While this route isn’t for everyone, and comes with unique risks, it does offer a very real solution to many of the problems plaguing mainstream exchanges currently. The goal of this breakdown … Read more

NIXT – Nexinter Launches Exchange Offering Using SLP

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Today, NextHash and Bitcoin.com have entered a technical partnership to design and structure the NIXT utility token. NIXT token is being listed in its fully operational exchange Nexinter on top of Bitcoin Cash, using the Simple Ledger Protocol (SLP) framework. The post NIXT – Nexinter Launches Exchange Offering Using SLP appeared first on Bitcoin News. … Read more

Traders Bemoan New Localbitcoins Identity Requirements

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Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money laundering requirements. The exchange recently changed its KYC/AML guidelines on September 1 and users say more verification mandates might … Read more