Dutch Central Bank Proposes License Requirement for Cryptocurrency Service Providers
In the Netherlands, cryptocurrency service providers will soon be required to obtain a license issued by the Dutch central bank Go to Source Powered by WPeMatico
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Abu Dhabi Global Market Concludes First Phase of Blockchain-Based KYC Project
Abu Dhabi Global Market, an international financial free zone within the capital of the United Arab Emirates, has concluded the first phase of its blockchain-based KYC project Go to Source Powered by WPeMatico
26 French Companies, Five Banks Complete Blockchain-Based KYC Trial Based on R3’s Corda
26 French companies, along with five major banks, have successfully completed a blockchain-enabled KYC trial with the R3 consortium Go to Source Powered by WPeMatico
Major Crypto Exchange Binance to Use Refinitiv KYC Solution in Internal Workflow
Binance, the world’s leading crypto exchange, is going to use Refinitiv’s KYC product to streamline the screening process for onboarding, KYC and third-party risk due diligence Go to Source Powered by WPeMatico
Drug Barons, Rogue States and Terror Groups Use Banks – Can Blockchain Stop Them?
Fast banking transactions can often be at the expense of compliance, resulting in money laundering and unsavory activity. A blockchain network is aiming to change this #SPONSORED Go to Source Powered by WPeMatico
‘Decentralized’ Exchange IDEX to Introduce Full KYC
IDEX, the world’s most popular decentralized exchange, is to transition to a full verification model. The move comes days after the platform began excluding residents of New York State as part of its compliance efforts. Its latest measure, described by IDEX as “pragmatic decentralization” has drawn ire from a segment of the cryptocurrency community. Also … Read more
Korea’s Top Financial Regulator: Crypto Exchanges Should Face ‘No Problems’ With Banks
The chairman of Korea’s financial regulator has affirmed that crypto exchanges should face no issues with banking provisions, provided they apply AML and KYC measures Go to Source Powered by WPeMatico
Wrapped Bitcoin Is Coming to Ethereum
Bitcoin core is poised to make its Ethereum debut. An initiative involving several decentralized exchanges (DEXs) as well as crypto-custodians Bitgo will see BTC become WBTC, with the W standing for “wrapped.” When WBTC launches in January 2019, it will enable ethereum-based bitcoin to be traded on DEXs, boosting liquidity and opening the Ethereum ecosystem … Read more
Electroneum Price dip Continues as Users Express Dismay Over KYC Implementation
The past few days have been pretty difficult for Electroneum. This popular altcoin is quickly losing a lot of value, even though the hourly chart still seems rather promising. A lot of speculation is taking place on social media regarding the future of this project, which will cause even more market friction moving forward. Electroneum … Read more
The US Is Sending Money Offshore by Bumbling Crypto Regulation
Regulation is still a contentious subject that splits the crypto community down the middle. But after all the abuses witnessed to date, it’s hard to swallow the argument that the industry needs no regulating at all. That it will stifle innovation and kill off the beautiful utopia created by… hacks and scams and investors getting … Read more
