Know Your Customer verification coming to BitMEX platform
The User Verification Programme will require users to go through a four-step process similar to ID checks on other exchanges, BitMEX says.
Latest Know Your Customer News
LocalBitcoins adopts blockchain analytics for AML safeguards
A CipherTrace report indicated that LocalBitcoins received the most criminal funds—over 99%—in the first half of 2020.
Over $1.4B in digital currency laundered via exchanges in H1 2020
Digital currency exchanges with KYC and AML procedures, such as Huobi, Binance, and even Coinbase, were reportedly the digital currency exchanges that the most money was laundered through.
Sri Lanka picks proof-of-concept shortlist for blockchain-based KYC
Sri Lanka’s central bank is looking for tech firms that can develop a PoC shared KYC platform to be used in the banking industry.
Digital currency firms in Ireland denied banking amid EU directive delays
AIB said its concerns stem from a delay in importing the Fifth Anti-Money Laundering Directive (5AMLD) into domestic law.
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.
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.