Digitex exchange flouts regulations in hopes it won’t be noticed
Digitex's show of defiance against international financial laws may be bold, but the conditions that allowed many platforms to fly under the radar in years past may not last for long.
Latest Know Your Customer News
Dubai pioneers region’s first KYC blockchain data sharing platform
The blockchain project aims at helping licensed businesses and corporations in opening digital bank accounts as quickly as possible.
Poloniex forces password reset after Twitter account info leak
The cryptocurrency exchange confirmed that a list of email addresses and passwords had been published on Twitter.
Binance halts Singapore user’s withdrawal over ‘risk management’ transactions
The cryptocurrency exchange has frozen funds of one of its traders after he attempted to withdraw tokens into a privacy wallet.
Mining pool Simplecoin shuts down as EU tightens regulations
The 5MLD will require Simplecoin to implement and adhere to several anti-money laundering and know-your-customer policies.
Sri Lanka to advance financial sector with blockchain’s help
The Central Bank of Sri Lanka is looking for companies that are able to build a proof of concept shared Know-Your-Customer platform to be used in the banking industry.
Reuben Portanier on how blockchain technology is transforming gaming
Caledo law group’s Reuben Portanier explains how more gaming companies are integrating blockchain technology to handle affiliates, store data and more.
Spanish police call crypto ATMs ‘blind spot’ for money laundering
Law enforcement in Spain the automated machines operate within an anti-money laundering blind spot that is helping criminals.
Binance partners with IdentityMind for KYC compliance
The exchange has previously partnered with Chainalysis, but the partnership with IdentityMind makes it so that Binance can work harder to meet regulations all around the world.
Kristy-Leigh Minehan: Bringing blockchain to big business
Listen to the latest CoinGeek Conversations podcast with Kristy-Leigh Minehan Chief Technical Officer of Core Scientific, on why she believes that cryptocurrency and blockchain are going to be widely adopted.
UK crypto exchange CEX.IO makes KYC mandatory
UK-based cryptocurrency exchange CEX.IO is now requiring all new customers to undergo a mandatory verification process, as part of enhanced anti-money laundering processes.
Abu Dhabi Global Market achieves KYC breakthrough with blockchain’s help
Abu Dhabi Global Market (ADGM), the financial centre of the UAE’s capital, has successfully completed trials of a new app for improving Know-Your-Customer (KYC) processes, known as e-KYC.