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There is never a boring day in the world of cryptocurrency, even when the price of Bitcoin is not headed in the right direction. The Poloniex exchange was once one of the bigger altcoin trading platforms in the world. It has since lost some of its popularity, and the company’s latest decision will not help matters … Read more
Back in the day, before cryptocurrency was worth anything, an email address and a password was all you needed to login to an exchange. Then came 2FA, using email verification or Google Authenticator. Then came the third generation of secure sign-in methods, and that’s when things started getting weird. Also read: Darknet Market Rapture Has Been … Read more
Thai SEC details rules for running ICOs in a focus group today Go to Source Powered by WPeMatico
Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir. … Read more
Bermuda has signed a memorandum of understanding with blockchain network Shyft, which provides ID solutions for compliance and due diligence mandates Go to Source Powered by WPeMatico
A directive affecting the crypto sector in Europe has been adopted by the EU Council. The document updates the anti-money laundering legislation of the European Union to address, among other issues, “the risks linked to virtual currencies.” The new rules aim to reduce anonymity for both users and transactions with requirements for know-your-customer procedures that … Read more
KYC and AML procedures play an increasingly important role in the world of cryptocurrency. This is especially true when dealing with initial coin offerings. IdentityMind has already processed 150 client requests in the past few months. It’s a very positive trend that will bring more legitimacy to the ICO industry moving forward. IdentityMind is on … Read more
Just recently news.Bitcoin.com reported on traders who exchanged “significant” trade volume using the peer-to-peer platform, Localbitcoins, by receiving warnings to upload their identity before they could proceed trading. Now the Localbitcoins organization has updated its terms of service agreement which comes with a few new guidelines concerning ID verification and data retention. Also read: Markets Update: Cryptocurrencies … Read more
European crypto industry says to regulators: let us “know where we stand” with comprehensive and fair rules Go to Source Powered by WPeMatico
Local sources say that a decree designed to bring in crypto business will be revised to add customer info disclosure requirements #NEWS Go to Source Powered by WPeMatico