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Bybit KYC for Firms and Individual Clients: a Guide
12.7.2021
As Bybit will be launching this July 2021, it has implemented the Know Your Customer conformity for its firm-oriented and single crypto investor clients to sign up. The KYC ordeal is potent verification conformity for financial services to authorize and secure the client’s identification....
Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy
7.7.2021
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant...
Bybit crypto exchange to impose KYC rules
6.7.2021
The world’s fifth-largest cryptocurrency derivatives exchange is implementing KYC rules to improve security compliance
HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain
30.6.2021
HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology
Blockchain Surveillance Firm Chainalysis Raises $100 Million, Company’s Valuation Now $4.2 Billion
26.6.2021
The blockchain intelligence and surveillance firm Chainalysis announced the company has raised $100 million in Series E funding from investors such as Coatue, Benchmark, Accel, Addition, Dragoneer, Sequoia Heritage, and SVB Capital. The financing brings the company’s valuation to $4.2 billion...
Echoing Cuban, Novogratz says DeFi should ‘play by the rules’, or ‘pay the piper’ later
24.6.2021
Mike Novogratz suggests DeFi projects add KYC and AML features now instead of waiting on regulators to crack down on the entire sector
Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer
20.6.2021
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...
Is there a right way to regulate crypto? Yes, and this is how
12.6.2021
Cryptocurrency is a promising asset class for people and investors, but the lack of proper regulation slows down its innovation
BarterTrade V2 Launches With Advanced Social Trading, Auto KYC and Institutional Grade Liquidity
11.6.2021
BarterTrade, is a cryptocurrency trading ecosystem that upgraded to more advanced V2 on 6th May, 2021, implementing significant benefits and new features for traders. Understanding crypto traders’ needs is a key ingredient of the relaunch, which includes features such as a 0% trading...
Crypto firms not meeting AML standards, says UK minister
28.5.2021
Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year
Australian tax office: Report crypto profits or else
28.5.2021
The ATO said it already knows who is invested in cryptocurrencies and expects cooperation
Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges
21.5.2021
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....
Blockchain will thrive once innovators and regulators work together
15.5.2021
Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem
DeFi lending platform Aave reveals “private pool” for institutions
12.5.2021
Designed for institutional investors, the lending pool will feature KYC and AML restrictions
Thailand’s New Cryptocurrency Regulation Requires Users to Be Physically Present to Open Accounts
4.5.2021
The Thai government has reportedly imposed a new cryptocurrency requirement. Crypto exchanges will be required to verify users’ identities using a machine that requires the customers to be physically present. Thailand’s New Crypto Rules The Thai Anti-Money Laundering Office (Amlo)...
Crypto.com to use CipherTrace tool to comply with FATF's travel rule
3.5.2021
Crypto.com has chosen CipherTrace's specialized compliance tool to help it fulfill the complex requirements of the FATF's industry-shaping “travel rule.”
Venezuelan Crypto Regulator Sunacrip Strengthens AML/KYC Requirements for Virtual Asset Service Providers
3.5.2021
Sunacrip, the Venezuelan cryptocurrency watchdog, has recently published a new set of AML/KYC requirements for VASPs (Virtual Asset Service Providers) that establishes new and updated rules about the kind of information these providers must require and share with the Venezuelan government, raising...
Thailand to introduce in-person KYC for crypto exchanges
3.5.2021
Thailand’s government aims to curb new crypto account creation with stringent KYC requirements
Nexus Mutual moves to sundown legal entity, lift KYC requirements
23.4.2021
By transitioning to a fully DAO-governed model, Nexus could expand its userbase and iron out tokeneconomic friction
Shapeshift Reveals Platform Supports Unwrapped Swaps via Thorchain With No KYC
20.4.2021
Just recently, Shapeshift founder and CEO Erik Voorhees published a blog post about a new project called Thorchain, a protocol that allows for decentralized exchanges without wrapping or bridging technology commonly used today. Thorchain launched on April 13, 2021, and the Shapeshift founder...