KYC

Here’s a New Banking Tool for Vetting Crypto Exchanges

“Most banks at the moment have a zero-tolerance approach to crypto,” said Tom Robinson, Elliptic’s chief scientist and co-founder. “They…

CryptoBridge Decentralized Exchange Shuts Down Citing Regulations, Markets

The decentralized cryptocurrency exchange (DEX) CryptoBridge announced that it is closing down in a message on its website. In the…

Coinbase Secures Patent for System to Identify Non-Compliant Accounts

Major American cryptocurrency exchange Coinbase has been awarded a patent for a system that identifies and flags non-compliant accounts. A…

A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace

The FATF guidance, which is more or less obligatory for its 39 member nations and jurisdictions to adopt in regulation,…

Report: Crypto-Related Fraud and Theft Resulted in $4.4B Loss in 2019

In 2019, the total volume of cryptocurrency-related fraud and theft resulted in losses worth $4.4 billion, according to CipherTrace’s report…

Lawyer Asks Whether KYC Is Worth Exposing Users to Hacking and ID Theft

In the aftermath of the recent BitMEX data leak, lawyer and general counsel at decentralized finance startup Compound Finance Jake…

Thailand Pushes Permissive Regulations as First Legal ICO Is Launched

After initially seeking to ban Bitcoin in 2013, Thailand has since developed a permissive regulatory apparatus for digital currencies and…

Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted

Kathryn Haun — a general partner at Andreesen Horowitz and the Justice Department's prosecutor for the infamous Silk Road case…

Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’

Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively…

How to Trade Crypto in Person Safely

With mainstream exchanges becoming progressively cumbersome due to privacy invasive policy and regulation, some crypto traders are switching to more…

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