Know Your Customer Archives

Sri Lanka central bank completes blockchain-based KYC proof of concept

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5 November, 2021

Sri Lanka central bank completes blockchain-based KYC proof of concept

The Know-Your-Customer proof-of-concept project started in July 2019, while the development and testing of the experimental platform were completed on...

Bithumb to ban foreign users who fail mobile KYC as regulations bite harder

Business

Steve Kaaru

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9 September, 2021

Bithumb to ban foreign users who fail mobile KYC as regulations bite harder

Bithumb exchange will reportedly ban foreign users who fail to verify their identity through a mobile phone as South Korea’s...

Ukraine shuts down illegal network of digital currency exchanges

Business

Steve Kaaru

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19 August, 2021

Ukraine shuts down illegal network of digital currency exchanges

The exchanges allowed their users to launder money by failing to implement any Know Your Customer requirements, according to the...

Taproot: Centralized changes put every BTC user at risk

Business

Jordan Atkins

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10 August, 2021

Taproot: Centralized changes put every BTC user at risk

What the Taproot update does is make the responsibility for laundered coins to fall more broadly on the shoulders of...

Binance promises ‘pivot’ as its forced march towards compliance continues

Business

Steven Stradbrooke

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29 July, 2021

Binance promises ‘pivot’ as its forced march towards compliance continues

Binance continues its forced march toward regulatory compliance, although new withdrawal restrictions are sparking fears that the troubled cryptocurrency exchange...

EU to ban anonymous digital currency transfers

Business

Gavin Lucas

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23 July, 2021

EU to ban anonymous digital currency transfers

Policymakers in the European Union proposed that all companies that transfer BTC and other “crypto-assets” must collect details of the...

Bitonic regulatory clash shows power of FATF

Business

Jordan Atkins

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14 July, 2021

Bitonic regulatory clash shows power of FATF

The Dutch central bank has taken a U-turn on KYC and AML requirements it had imposed on digital asset providers,...

How blockchain solutions can combat blockchain-related crimes, as explained by PwC partner Vikas Agarwal

Interviews

Patrick Thompson

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16 June, 2021

How blockchain solutions can combat blockchain-related crimes, as explained by PwC partner Vikas Agarwal

The increase in individuals looking to use digital currencies to evade the law has led to many innovative solutions, such...

Asian racetracks urge crackdown on digital currency-based betting

Business

Steven Stradbrooke

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1 June, 2021

Asian racetracks urge crackdown on digital currency-based betting

The report warns of digital currency’s capacity to evade scrutiny by gambling regulators and financial watchdogs, thereby “facilitating avoidance” of...

North Carolina judge orders Kraken to report customer details to IRS

Business

Ed Drake

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13 May, 2021

North Carolina judge orders Kraken to report customer details to IRS

As per the ruling, personal information on users who have exceeded the threshold will now be turned over to the...

Business

Steve Kaaru

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5 May, 2021

Thailand requires in-person KYC for new digital currency exchange signups

The Thai Anti-Money Laundering Office has mandated all exchanges to use the dip-chip machine, which scans a chip embedded on...

Irish digital currency firms now obliged to register with central bank

Business

Ed Drake

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30 April, 2021

Irish digital currency firms now obliged to register with central bank

Companies considered to be Virtual Asset Service Providers (VASPs) are now required to adhere to the same rules as other...

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