Search
Mergers and acquisitions are rising, leaving crypto assessments in question
17.4.2021
Questions around cryptocurrency assessments gain momentum, which brings some nuanced challenges in assessing crypto’s place in M&A
Dubai's economic department to roll out blockchain-based corporate KYC
14.4.2021
Dubai’s Department of Economic Development wants to accelerate the total adoption of UAE KYC — the national Know Your Customer standard running on blockchain technology
How African Users Can Buy and Trade Bitcoin Cash Without Facing KYC or Geoblocking Hurdles
13.4.2021
Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament. Cryptos...
Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’
12.4.2021
The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification...
YFX.Com – Defi Trading Platform Support 100X Leverage. No KYC. No Gas Fee
11.4.2021
PRESS RELEASE. YFX.COM is the world’s first decentralized cross-chain perpetual contract exchange. While other trading platforms that provide leverage alternatives exist, YFX.COM is trailblazing a decentralized alternative to centralized exchanges and perpetual futures trading without...
DeFi’s critical missing piece: Credit scores
10.4.2021
Traditional finance is built not on collateral but on reputation, and DeFi will grow by following suit
Implementing the double-edged sword of KYC is a must for crypto exchanges
3.4.2021
The bull market effect has made Know Your Customer regulation more important than ever for cryptocurrency exchanges
Japan's FSA asks cryptocurrency industry group to introduce FATF travel rule
1.4.2021
Japan has been a member of the FATF since 1990
New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs
24.3.2021
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets....
South Korea faces strict crypto regulation and fears of centralization
24.3.2021
The growing cost of compliance in South Korea could push smaller crypto businesses out of the country
Fiancial Sector Players Call for Improved KYC Regulations
23.3.2021
Conventional financial service and banking providers have called for improved know-your-customer (KYC) protocols in a bid to build a more powerful digital environment for the world of finance – and want to collaborate with innovative partners on sandbox projects.
Today, in a Bank for International...
Experts say new South Korean crypto rules will create a monopolized market
23.3.2021
Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators' new requirements
CZ responds to reports of Binance investigation: story has no "teeth"
12.3.2021
The Binance CEO vigorously defended the company's KYC/AML practices, dismissing reports of an investigation
Korean crypto exchanges could soon face fines for gaps in due diligence measures
10.3.2021
South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges
Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures
9.3.2021
The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering
BitGo receives trust license from New York regulators
4.3.2021
Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state
SEC’s Division of Examinations issues Risk Alert on digital assets
26.2.2021
The Risk Alert seemed to take particular aim at broker-dealers, who have been "inadequate" in their AML compliance
Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%
6.2.2021
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that...
Merging traditional finance and DeFi is critical for mass adoption
4.2.2021
If we want to achieve mainstream adoption, we must move toward an industry where DeFi can also serve legacy financial institutions
Dutch Bitcoin Exchange Files Preliminary Injunction to Suspend Wallet Verification Rule Enacted by the Netherlands
29.1.2021
A Dutch bitcoin (BTC) exchange has filed a preliminary injunction at a court in Rotterdam to suspend the central bank’s additional wallet-verification requirements. Bitonic seeks to challenge the new rules enacted by the De Nederlandsche Bank (DNB) on Sept. 21, 2020. Dutch Exchange Argues...