Banks and Regulators Complete KYC App Test on R3 Blockchain Platform
39 financial firms and regulators worldwide have completed a KYC trial on R3’s Corda blockchain platform Go to Source Powered by WPeMatico
KYC
Auto Added by WPeMatico
ConSensys’ Ajit Tripathi: ‘Rebellious Teenager’ Crypto is Maturing
Ajit Tripathi of ConsenSys, formerly of Wall Street, compares crypto to a misbehaving — but learning — teenager and regulators to his parents in an interview with CT Go to Source Powered by WPeMatico
Japan Hits 6 More Crypto Exchanges With ‘Business Improvement Orders’
Japan’s FSA demands six big exchanges improve AML/KYC setup Go to Source Powered by WPeMatico
Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts
The owner of a leading Irish Bitcoin broker has accused the country’s banking institutions of discriminating against crypto-related businesses Go to Source Powered by WPeMatico
US Congressman Says ICO Market Needs ‘Light Touch’ Regulation to Provide Certainty
Republican U.S. Congressman Warren Davidson says the ICO market needs “light touch” regulation to provide certainty Go to Source Powered by WPeMatico
Tezos Foundation Announces Investor KYC and AML Procedure One Year After Raising Money
Even though it appears the Tezos team has successfully addressed most of the problems holding the project back, more controversy looms on the horizon. More specifically, the team has made it clear they will perform thorough KYC and AML checks for all investors. It’s a remarkable decision, considering that those users contributed nearly a year … Read more
Tezos Will Fork Before It’s Even Launched
Tezos, a blockchain best known for its off-chain drama rather than its on-chain utility, is set to fork. Internecine conflict has riven the Tezos community for months, spilling over into the courtroom and leading to the dismissal of foundation members. On the eve of its mainnet launch, another twist will see nTezos created as a … Read more
Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange and six of them were selected. Upbit also recently partnered with Thomson Reuters to operate a system to support transparent crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Paid … Read more
Another US Bitcoin Trader Faces Prison for Illegal Money Transmission
This week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins. Also read: Bitcoin Cash Innovation Continues with the … Read more
Canada Releases Official Draft of New Crypto Regulations Focused on KYC/AML
Official draft of new regulations will categorize crypto exchanges and payment processors as money service businesses in Canada Go to Source Powered by WPeMatico