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Latest KYC News
News
Russia’s central bank is set to develop a new platform that would help it crack down on illegal crypto OTC services and suspicious financial activities. The central bank of Russia is reportedly planning to create a new platform aimed at…
Opinion
Without robust, scalable verification systems, we'll be left with a system that's only marginally better than traditional finance.
News
Charles Bobrinskoy of Ariel Investments has warned that Bitcoin is a momentum-driven bubble, predicting an imminent price decline as regulatory and market sentiment shift. Bobrinskoy issued this stark warning about Bitcoin (BTC), labeling the cryptocurrency a “get-rich-quick scheme” driven by…
BTC
Bitcoin
News
South Korea’s Financial Intelligence Unit reportedly found 500,000 to 600,000 potential KYC violations on Upbit, the largest crypto exchange in the nation. KYC violations of this scale could lead to fines and possible license renewal issues. According to a report…
News
Cybernews researchers discovered a public AWS storage bucket exposing sensitive user data from Nigerian crypto exchange Bitnob. Nigerian crypto exchange Bitnob reportedly exposed over 250,000 Know Your Customer documents, including sensitive user data, due to a misconfigured Amazon Web Services…
Opinion
Launching a token: From understanding how tokens are classified to ensuring proper KYC/AML compliance.
News
Polymarket is keeping a close eye on its biggest bettors to ensure users aren’t placing wagers on the platform ahead of the U.S. presidential elections. Crypto’s largest betting venue, Polymarket, has kickstarted a credential re-verification process for high rollers on…
News
MoonPay has registered with Australia’s regulator to provide crypto exchange services, enabling local payment methods like Osko and PayID for Australian users. Crypto payments firm MoonPay has officially registered with Australia‘s financial intelligence agency — also known as AUSTRAC —…
Opinion
By adopting privacy-by-design principles, fintech firms can differentiate themselves in a crowded market.
Opinion
By collaboratively addressing these challenges, the blockchain industry can build the foundation of trust necessary to realize the full potential of this $30 trillion market.
News
zkMe Technology Limited has finalized a $4 million seed funding round led by Multicoin Capital, with participation from OKX Ventures and Robot Ventures. The funds will support the development of zkMe Network, a decentralized identity verification layer for Web3 applications,…
Opinion
When done right, it is possible to ramp up security and clamp down on breaches without compromising the user's right to privacy.
Follow-up
Cryptocurrency exchange BitMEX has pleaded guilty to violating the Bank Secrecy Act. According to Attorney Damian Williams, BitMEX intentionally failed to “establish, implement, and maintain an adequate anti-money laundering (AML) program.” He explained that BitMEX, founded in 2014, had a…
News
Blockchain developer ShardLab has rolled out a new web application aimed at simplifying voucher distribution in the form of NFTs. ShardLab, a blockchain arm of web3 venture capital firm Hashed, has unveiled a web application leveraging account abstraction (AA) and…
Opinion
When cryptocurrency exchanges move toward AI fraud detection, we will see the entire market reach its potential.
Interviews
Speaking with crypto.news, James Toledano, Chief Operating Officer at Savl, delved into money laundering and how tainted assets are putting crypto users at risk. Cryptocurrencies are increasingly becoming a tool that is being exploited for money laundering. The anonymity and…
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