Joe Biden pushes budget increase for FinCEN to tackle financial crimes
The budget increase would see funds of $191 million allocated to the agency, up $64 million on its original budget for the year.
Latest Know Your Customer News
Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool
Nigerian fintech startups, including those in the digital currency sector, have been relying on the bank verification number (BVN) as a primary know-your-customer (KYC) and anti-money laundering (AML) tool.
South Korea digital currency exchanges to face penalties for anti-money laundering breaches
The Financial Services Commission has brought forward a new structure of penalties for exchanges that fail to properly implement anti-money laundering measures.
Bithumb ramps up anti-money laundering protections
The new measures include enhanced Know-Your-Customer verification processes, as well as the introduction of new specialized blockchain intelligence technologies.
Craig Wright discusses Michael Saylor’s ‘nanostrategy’ in latest blog
It looks like Michael Saylor, the chairman, president and CEO of MicroStrategy, does not quite understand how Bitcoin works.
Bitstamp introduces KYC for Dutch digital currency withdrawals
The digital asset exchange has said users will now be banned from withdrawals unless they are able to verify their ownership of external wallets.
Huobi Korea secures KISA certification ahead of upcoming Special Payments Act
Digital currency exchange Huobi has secured the backing of regulators in South Korea, following the decision to award Huobi Korea an ISMS certification.
We told you so! Here are some digital asset regulation highlights
Regulation: it was always going to come to Bitcoin and the digital asset industry, and we've known it for a long time.
Digital currency exchange hacks of 2020
In total, $286,933,760 worth of digital currency and 200 pieces of customer data were stolen from digital currency exchanges in 2020.
Inspector General: FBI needs better dark web and digital currency approach
The OIG called on FBI to implement a better strategy for not just its dark web investigations, but also for digital currency-related activities.
FinCEN looking for digital currency policy advisor as it ramps us KYC regulation
The U.S. Treasury Department is seeking to hire a policy advisor to guide its digital currency oversight duties.
France to extend digital currency KYC with new regulations
France is reportedly preparing to introduce a raft of new legislation governing the digital currency sector, including tougher KYC rules for digital currency transactions.