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Rohit Wad, the chief technology officer (CTO) of Binance said his platform has increased its compliance budget in recent years to ensure it achieves the “highest regulatory compliance standard.” According to Wad, Binance has used a compliance budget, which rose 35% year over year to $213 million, to invest in transaction monitoring, market surveillance, and … Read more
Large institutions will fully embrace decentralized finance (defi) only when they are confident that their trade counterparties will comply with sanctions and other international laws, argues Elie Le Rest, CEO of Colony Lab. However, Le Rest, also an angel investor, said trade counterparties can still demonstrate their willingness to adhere to rules by implementing gated … Read more
Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that, in addition to allowing users to maintain control over their KYC data, … Read more
Kucoin users from New York will lose the ability to trade within 30 days and will have their accounts closed within 120 days. Go to Source
Uniswap announced it would start charging a swap fee of 15% from Oct. 17, evoking mixed reactions from the crypto community. Go to Source
TrueCoin’s internal systems were not impacted or accessed, and the company confirmed that the attack was an isolated incident and limited to a third-party vendor. Go to Source
A hook that enables Know Your Customer (KYC) verification on Uniswap V4 pools is fueling debates about DeFi’s future. Go to Source
Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards. Go to Source
Policy Exchange published its report on Web3 containing 10 proposals for the U.K. government. Go to Source
The exchange operator is instituting new KYC requirements for users from September 2023 to comply with developing global regulatory guidelines. Go to Source
