know your customer Archives - Page 14 of 56

SIA and Quant Network Successfully Test Blockchain Interoperability

June 28, 2020cashtechnews

European payments platform SIA partners with Quant Network to establish blockchain interoperability solutions for financial institutions. SIA, a European payment services business, and U.K.-based technology company Quant Network successfully tested cross-blockchain interoperability between different protocols, SIA said. SIA and Quant Network first announced their partnership on June 5. Their aim is to work on cross-platform […]

The Great Estonian Exodus — Crypto Firms Are Leaving Estonia

June 27, 2020cashtechnews

After the great rise in national crypto regulation in Estonia, the new European Union laws have forced the crypto industry to leave the country. Back in 2017, the Estonian government rocked the legislative side of the crypto world when they introduced a raft of new laws designed to support crypto projects. These licenses split into […]

Investors Fear Ethereum Price Sell-Off After PlusToken Transfers 789K ETH

June 26, 2020cashtechnews

PlusToken recently moved $186 million worth of Ethereum, leading investors to fear a dump in ETH price. Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network. The […]

LocalBitcoins Says Its Transactions From Darknet Markets Dropped 70%

June 26, 2020cashtechnews

LocalBitcoins claims that darknet-related transactions on the platforum dropped 70% after it adopted AML and KYC regulations in September 2019. LocalBitcoins, a major peer-to-peer (P2P) cryptocurrency exchange, has purportedly managed to significantly cut the amount of criminal funds on its platform in 2020. The P2P platform has seen a decline of over 70% in transactions […]

SEC Charges Lobbying Kingpin Jack Abramoff With Fraud For Promotion of 2018 ICO

June 25, 2020cashtechnews

Abramoff and the founder of AML Bitcoin face charges for fraud in misrepresenting the token’s compliance, with the founder himself facing jail time for money laundering. On June 25, the United States Securities and Exchange Commission charged the issuer of AML Bitcoin — not to be confused with Bitcoin itself — with conducting a fraudulent […]

Regional CBDCs Can Fuel International Trade, but USD Seems Unbeatable

June 25, 2020cashtechnews

As Libra and COVID-19 give a push to CBDCs, some projects are looking to dethrone the main international currency. As central bank digital currencies continue to be researched and tested by countries across the globe, it becomes more apparent that the United States dollar’s reign might be challenged once the concept is implemented on a […]

Galaxy Digital and Bitmain Lead AVA Project’s $12M Private Token Sale

June 25, 2020cashtechnews

In anticipation of AVA mainnet launch this summer, Emin Sirer’s AVA project raises $12 million from major industry investors. The Avalanche Foundation, the organization behind the Emin Gün Sirer-founded blockchain protocol Avalanche, has raised $12 million in a new private token sale. According to an announcement on June 25, the sale was led by major […]

Blockchain as an Infrastructure: A Deep Dive Into China’s DLT Strategy

June 23, 2020cashtechnews

China is not playing catch-up, but rather exploring aggressively pragmatic ways to deploy a digital infrastructure for the whole economy with the blockchain tech implementation. There is an old saying in China: “Building the road is the first step to becoming rich.” Asian countries use infrastructure to boost the economy, and China is probably the […]

Setting It Straight: Estonia’s Crypto Crackdown Weeds Out Bad AML/KYC

June 19, 2020cashtechnews

A crypto crackdown in Estonia sparks debate on how to create crypto-centric Anti-Money Laundering and Know Your Customer policies. At the height of the unprecedented crypto boom of 2017, Estonia emerged as the digital trailblazer of the European Union, issuing hundreds of licenses to crypto companies. The country’s regulators moved to authorize the issuance of […]

Website Compiles List of KYC-Free Exchanges, Along With Some Warnings

June 13, 2020cashtechnews

The website Kycnot.me has compiled a list of cryptocurrency exchanges that do not require identity verification to preserve the independence of crypto. A new website seeking to compile an active list of every cryptocurrency exchange that welcomes traders in some capacity without forcing them to hand over personal information through know-your-customer, or KYC, verification. Kycnot.me […]

Tag: know your customer

SIA and Quant Network Successfully Test Blockchain Interoperability

The Great Estonian Exodus — Crypto Firms Are Leaving Estonia

Investors Fear Ethereum Price Sell-Off After PlusToken Transfers 789K ETH

LocalBitcoins Says Its Transactions From Darknet Markets Dropped 70%

SEC Charges Lobbying Kingpin Jack Abramoff With Fraud For Promotion of 2018 ICO

Galaxy Digital and Bitmain Lead AVA Project’s $12M Private Token Sale

Setting It Straight: Estonia’s Crypto Crackdown Weeds Out Bad AML/KYC

Website Compiles List of KYC-Free Exchanges, Along With Some Warnings

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