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The Thai Ministry of Finance has rejected the last cryptocurrency exchange application it had been reviewing. The exchange, which has been ordered to close down business and return customer funds, is determined to stay operational. “Shutting down is not an option for us,” its chief strategy officer reportedly said. Also read: Indian Supreme Court Moves Crypto … Read more
Back in October news.Bitcoin.com reported on the influx of development tied to Drivechain, a project initiated by software developer Paul Sztorc. At the time we also covered the project’s extension applications coded by the programmer Andreas Brekken. One of those applications Brekken conceived allowed any Drivenet coins to be swapped between any blockchain protocol. On … Read more
Thailand has officially granted licenses to three cryptocurrency exchanges and one broker-dealer. Two exchanges have been rejected and one is still being reviewed. These seven companies have been temporarily allowed to operate in the country. Two of them will now begin closing down their businesses. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for … Read more
Last year, crypto KYC and AML requirements came bursting onto the scene with thunderous applause and approbation. Many traders felt like the ICO sector was rife with scammers and con artists. In this sense, they believed there would be redemption through government. The scammers and hucksters would go to prison for defrauding investors and all … Read more
The Advisory Council of the United Arab Emirates Banks Federation considers applying blockchain to improve KYC processes at member banks Go to Source Powered by WPeMatico
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
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, along with five major banks, have successfully completed a blockchain-enabled KYC trial with the R3 consortium Go to Source Powered by WPeMatico
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
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