The User Verification Programme will require users to go through a four-step process similar to ID checks on other exchanges, BitMEX says.
A CipherTrace report indicated that LocalBitcoins received the most criminal funds—over 99%—in the first half of 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’s central bank is looking for tech firms that can develop a PoC shared KYC platform to be used in the banking industry.
AIB said its concerns stem from a delay in importing the Fifth Anti-Money Laundering Directive (5AMLD) into domestic law.
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.
The blockchain project aims at helping licensed businesses and corporations in opening digital bank accounts as quickly as possible.
The cryptocurrency exchange confirmed that a list of email addresses and passwords had been published on Twitter.
The cryptocurrency exchange has frozen funds of one of its traders after he attempted to withdraw tokens into a privacy wallet.
The 5MLD will require Simplecoin to implement and adhere to several anti-money laundering and know-your-customer policies.
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.