Tag Archives: KYC

10Feb/20

FinCEN: Social Media Crypto Projects Can’t Ignore Money Laundering Risk

The deputy director of the United States Financial Crimes Enforcement Network (FinCEN) says the cryptocurrency sector must not abet a “slide backward” in money laundering prevention. FinCEN deputy director Jamal El-Hindi made hisRead More…

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09Jan/20

Crypto Derivatives Exchange Leaves EU for Panama, Expands KYC

Crypto derivatives exchange Deribit is leaving the European Union for Panama to avoid new AML rules while changing its Know Your Customer (KYC) requirements.  Deribit B.V., the current Netherlands-based company responsible forRead More…

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30Dec/19

Did 2019 Deliver on All That Was Promised for the Crypto Industry?

Disappointment isn’t always a bad thing. It can be a spur, motivating one to work harder to meet expectations and goals. It is in this spirit that Cointelegraph informally surveyed members ofRead More…

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08Aug/19

SBI Holding’s VC Trade Crypto Exchange Integrates New KYC and AML Tech

Japanese cryptocurrency exchange VC Trade has integrated an anti-money laundering (AML) compliance technology developed by Taiwanese digital currency hardware wallet company CoolBitX. As Japanese finance-focused news outlet Blocktempo reported on Aug. 8,Read More…

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09Jun/19

Binance DEX: Navigating Country-Specific Cryptocurrency Trading Restrictions

At the start of June 2019, reports emerged that Binance DEX’s website was blocking users with IP addresses from 29 countries. This news immediately caused confusion with some commentators, using it asRead More…

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02Jun/19

Binance DEX Will Geoblock Users From 29 Countries, Including the US

The decentralized exchange (DEX) developed by major cryptocurrency exchange Binance will block access to users based in 29 countries. The DEX informs potential users of the restriction via a message that appearsRead More…

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