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South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb Prepares to Register Under New Rules Foreign nationals who do not […]Powered by WPeMatico
The Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures. The document has been criticized by regulators in Kyiv but the government wants the legislation passed before the parliament’s summer break. Draft Law […]Powered by WPeMatico
The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court. DNB Takes a Step Back on Unlawful KYC Requirements De Nederlandsche […]Powered by WPeMatico
Waves Enterprise and Ontology aim to solve one of the biggest challenges of digital voting — user authentication and identification.
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CULedger, a major fintech firm coordinated by the Credit Union National Association, commercially launches its blockchain identity platform
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Cryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use. The legalization of cryptocurrencies remains a priority in Kiev as the government has indicated its clear understanding that the benefits […]
The post Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks appeared first on Bitcoin News.
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Utorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed а daily limit of $1,000. Its decision to provide […]
The post Utorg Exchange Grants Access to Traders With Limited Verification appeared first on Bitcoin News.
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In times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy access to unlimited trading and deposits. Also read: P2P Crypto […]
The post Poloniex Restores Unverified Accounts With Unlimited Trading appeared first on Bitcoin News.
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Regulatory pressures as well as the development of third-party, intermediary and custodial services in the crypto space have been limiting the share of peer-to-peer trading. A new contender is now challenging established P2P exchanges by offering users a mobile service that allows them to determine the level of privacy they want to maintain, and use […]
The post P2P Crypto Trading App Allows You to Protect Your Privacy appeared first on Bitcoin News.
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Many cryptocurrency enthusiasts dislike the process of sharing identity documents with exchanges and other service providers PayTrie is experimenting with a different KYC solution, known as Express Verification. Sharing sensitive identity verification documents with third parties carries significant risks. Simplifying KYC Verification More often than not, a data breach of a third party handling this data will expose users to all kinds of scam attempts. PayTrie acknowledges something needs to change in this regard, albeit that is much easier said than done. The company is currently verifying user identities without having them submit any documents at all. Instead, they need
The post Compliant KYC Verification Doesn’t Require Users to Submit Identity Documents appeared first on The Merkle Hash.
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