UK Remittance Service TransferGo Adds Crypto Trading in ‘World First’
TransferGo reportedly becomes “world’s first” fiat remittance service to offer crypto trading Go to Source Powered by WPeMatico
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Telegram Launches Passport Service for ICO Verification
Messaging service Telegram launched a new crypto-oriented feature on Thursday. Telegram Passport is a “unified authorization method for services that require personal identification”. KYC for ICOs in other words, which the Russian chat platform names as one of its intended use cases for Passport. Documents will be secured by end-to-end encryption, and Telegram has promised … Read more
Crowdsale KYC is Fueling a Black Market for Fake ID
KYC for crowdsales was meant to add oversight and legitimacy to a largely unregulated space. Instead it’s left investors susceptible to data breaches, identity theft and blackmail. Given the hazards, it’s understandable that some ICO investors have resorted to buying fake ID. Also read: A BCH Fueled Version of Patreon is Coming This August KYC Has … Read more
Withdrawals Delayed – Bitflyer Scanning for Yakuza Customers
Bitflyer has been delaying deposits and withdrawals of virtual currency in the midst of ongoing KYC verifications. The company received business improvement orders from the Japanese financial watchdog in June as a result of insufficient measures against money laundering. Bitflyer reportedly has delayed resuming business as it is thoroughly verifying its clients’ identities. Bitflyer also … Read more
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
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