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KYC for crowdsales was meant to add oversight and legitimacy to a largely unregulated space. Instead it’s left investors susceptible to data breaches, identity theft and blackmail. Given the hazards, it’s understandable that some ICO investors have resorted to buying fake ID. Also read: A BCH Fueled Version of Patreon is Coming This August KYC Has … Read more
Bitflyer has been delaying deposits and withdrawals of virtual currency in the midst of ongoing KYC verifications. The company received business improvement orders from the Japanese financial watchdog in June as a result of insufficient measures against money laundering. Bitflyer reportedly has delayed resuming business as it is thoroughly verifying its clients’ identities. Bitflyer also … Read more
39 financial firms and regulators worldwide have completed a KYC trial on R3’s Corda blockchain platform Go to Source Powered by WPeMatico
Ajit Tripathi of ConsenSys, formerly of Wall Street, compares crypto to a misbehaving — but learning — teenager and regulators to his parents in an interview with CT Go to Source Powered by WPeMatico
Japan’s FSA demands six big exchanges improve AML/KYC setup Go to Source Powered by WPeMatico
The owner of a leading Irish Bitcoin broker has accused the country’s banking institutions of discriminating against crypto-related businesses Go to Source Powered by WPeMatico
Republican U.S. Congressman Warren Davidson says the ICO market needs “light touch” regulation to provide certainty Go to Source Powered by WPeMatico
Even though it appears the Tezos team has successfully addressed most of the problems holding the project back, more controversy looms on the horizon. More specifically, the team has made it clear they will perform thorough KYC and AML checks for all investors. It’s a remarkable decision, considering that those users contributed nearly a year … Read more
Tezos, a blockchain best known for its off-chain drama rather than its on-chain utility, is set to fork. Internecine conflict has riven the Tezos community for months, spilling over into the courtroom and leading to the dismissal of foundation members. On the eve of its mainnet launch, another twist will see nTezos created as a … Read more
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange and six of them were selected. Upbit also recently partnered with Thomson Reuters to operate a system to support transparent crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Paid … Read more
