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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. 

Analysis
With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it's time to look at how U.S. AML law is shifting to cope with cryp...
How US authorities are using old AML tools to crack down on crypto
Kollen Post
2020-10-24T15:45:04+01:00
20435
Expert Take
The changes brought about by 6AMLD will affect a lot of businesses, but there is still time to prepare for new rules.
Understanding the EU’s 6AMLD and the risk to your business
Joe Kiely
2020-10-18T09:00:00+01:00
4336
News
The hire comes after BitMEX's founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the Uni...
BitMEX operator hires chief compliance officer amid US criminal charges
Marie Huillet
2020-10-12T11:51:22+01:00
4779
Analysis
More regulation is coming, and it will be costly, but compliance can also expand an exchange’s customer base.
Memo to crypto exchanges: KYC compliance can be a competitive advantage
Andrew Singer
2020-10-09T16:59:00+01:00
17971
News
Yet, the biggest crypto hub remains on the blacklist.
EU removes this crypto hotspot from tax haven blacklist, clearing path for further adoption
Michael Kapilkov
2020-10-06T22:13:36+01:00
5574
Follow up
The CFTC and DOJ actions against BitMEX suggest that the crypto industry still has a lot of work ahead to meet KYC/AML standards.
The case against BitMEX is a compass pointing toward the future of crypto regulation
Shiraz Jagati
2020-10-06T19:25:00+01:00
12338
Sponsored
A crypto intelligence and compliance software firm says it now offers coverage across 70 countries and over 2,500 VASPs for the world’s biggest digital assets.
Crypto compliance company now monitors 2,500 service providers globally
Connor Blenkinsop
2020-10-05T14:53:00+01:00
4134
News
The highest number of exchanges defying regulatory norms are in Europe
More than half of all crypto exchanges have weak or no ID verification
Anupam Varshney
2020-10-02T05:58:48+01:00
8044

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