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KYC News

Know Your Customer, or KYC, compliance means collecting certain information from customers to confirm their identities and to comply with any regulatory requirements. These requirements can include aspects such as restricting access to citizens of a certain jurisdiction. Depending on the involved country, laws and regulations often obligate businesses to complete KYC processes.

KYC has become more common in the crypto space, in line with increasing regulatory overwatch. Binance KYC became a more significant talking point after the exchange announced in 2019 that it would ban customers of certain regions, such as the United States. KYC and AML, or Anti-Money Laundering — the process of verifying customers and the source of their funds — often go hand in hand. 

News
A shift in the crypto ecosystem could result in a whitelist of coins and addresses according to Ari Paul.
Whitelist-only crypto withdrawals coming soon claims Ari Paul
Martin Young
2020-08-27T05:31:00+01:00
6006
News
Smartphone users in South Korea can open bank accounts remotely with KYC verification via an ICON-powered app.
ICON app offers remote KYC for South Korea’s second-largest bank
Turner Wright
2020-08-27T04:52:00+01:00
4459
News
Thailand’s central bank assesses the chances of bringing centralized and decentralized together.
Thailand’s Central Bank Eyes DeFi Use Cases for Its Digital Baht
Helen Partz
2020-08-14T12:55:00+01:00
6627
Analysis
Compliance with FATF’s travel rule presents major technical difficulties, but the blockchain industry is best-equipped to overcome them.
Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards
Kirill Bryanov
2020-08-08T14:00:00+01:00
6128
Expert Take
Basic recommendations for those who are considering incorporating crypto business in Estonia.
How Not to Lose Your Cryptocurrency License in Estonia
Mykola Demchuk
2020-08-02T18:00:00+01:00
3670
Opinion
Despite the significant growth of decentralized crypto exchanges, their centralized counterparts still control the majority of industry trade volume.
Decentralized Exchanges Are Building a Life Raft but Need a Bridge
Alex Wearn
2020-08-01T18:00:00+01:00
4966
Opinion
Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk.
Comparing Money Laundering With Cryptocurrencies and Fiat
Guest Authors
2020-07-30T10:20:00+01:00
9084
News
The United Arab Emirates is debuting a blockchain-based Know Your Customer, or KYC, platform.
Dubai Debuts Nationwide Data Platform Powered by Blockchain
Helen Partz
2020-07-29T21:12:00+01:00
9847

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