FCA’s crypto oversight to include AML and KYC compliance
The FCA has assumed more oversight responsibility in the crypto industry, including becoming the KYC and AML enforcer. Companies will need to be licensed afresh.
Latest KYC News
France new rules open opportunities for crypto firms to be licensed
France has implemented new rules which will see crypto firms report to the regulator on their security practices, AML guidelines, data protection and more.
2019 saw scammers and fraudsters steal over $4 billion in crypto
While several billion dollars’ worth of cryptocurrency has been lost to thievery this year, that's still far less than the amount scammed in fiat.
Why you must rethink FATF now
Outside of the previously lightly regulated cryptocurrency ecosystem, the guidance is essentially the application of FATF’s operative guidance called the “travel rule” for traditional financial institutions towards crypto businesses.
Crypto donations to politicians in Japan ‘not illegal,’ minister says
Sanae Takaichi has confirmed that cryptocurrency donations are legal in Japan, clarifying what had been seen by many as a grey area of crypto and campaign finance laws.
Binance data breach results in KYC data compromise
Know-Your-Customer data, including personal photos to verify identities, of thousands of Binance users may have been sent out into the wild.
KYC data sharing consortium to launch on a blockchain in Dubai
Three companies are combining to create a KYC blockchain system which they hope will be done by the end of 2020.
FATF set to publish new regulatory guidelines for crypto exchanges
There have been those who believe cryptocurrency is nothing more than a toy and have developed crypto projects that will be forced into oblivion for their lack of cohesion with international policies and standards.
Dubai’s only crypto ATM pulled after just 2 days
The ATM had been installed by crypto ATM distributor Amhora, but it now appears that local regulators didn’t approve of the absence of KYC guidelines and ordered the teller removed.
Trezor crypto wallet adds buy, trade capabilities in beta release
Hardware crypto wallet Trezor has rolled out new features that enable users to buy and exchange cryptocurrencies within their beta wallet—without the risks of leaving funds on an exchange.
Trilliant selects Yoti as KYC partner
Today Yoti, the digital identity app with 2m downloads, announced it is partnering with Trilliant to provide instant KYC on its next-generation cryptocurrency ATMs.