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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.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

Following two significant attacks on lending protocol bZx, what are the potential ramifications for the DeFi sector?

Are the BZx Flash Loan Attacks Signaling the End of DeFi?

2020-02-22T20:00:00+00:00

13916

The operator of the National Stock Exchange of Australia is working on a joint blockchain-based project to enable same-day settlements.

Australian Stock Exchange Has New Blockchain Equity Competitor

2020-02-20T15:42:00+00:00

2989

The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks.

Dubai Gov’t to Launch KYC Blockchain Consortium in Q1 2020

2020-02-19T17:24:00+00:00

4676

How is the FATF’s AML guidance being implemented around the world, and what is its impact on the crypto industry?

Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

2020-02-14T23:13:00+00:00

14510

Wells Fargo’s investment branch added $5 million to Elliptic’s Series B round, which will help fuel Asian expansion and the development of a compliance solution...

Wells Fargo Joins Elliptic's Series B Investment Round

Andrey Shevchenko

2020-02-13T16:58:00+00:00

3125

Chainalysis, a provider of crypto transaction data for IRS and FBI, does not think that privacy coins are bad despite not being able to fully track them.

‘Full Transparency Not Ideal for Cryptocurrency’ Says Chainalysis Exec

2020-02-13T12:32:00+00:00

4669

Hearings in the Indian Supreme Court have opened a discussion between the crypto space and lawmakers on the tech’s potential in the country.

A Call for Sensible Regulation: The Fate of Future Innovation in India

2020-02-10T20:00:00+00:00

4600

Thickening regulations may drive crypto firms out of the EU, the rest will have to comply with “unclear and fragmented” laws for benefits in the long run.

Should They Stay or Should They Go? Crypto Firms in the EU Must Decide

2020-02-10T17:47:00+00:00

4156