Tag: kyc

  • Security
    Crypto

    Blockchain Real Estate Platform: ‘Security Token Would Kill Our Business’

    Industry experts and lawyers discussed whether companies should issue security tokens in a panel debate at real estate-focused event BitcoinCRE on June 14. Part of London Tech Week, the event looked at regulations across the world and happened hours before Ether was declared ‘not a security‘ by the SEC....

    tim copeland | June 15, 2018 | 1:00 am
  • KYC
    Industry

    Two Thirds of US, EU Crypto Exchanges Fail to Verify Customer Identities

    Analyst P.A.ID Strategies has revealed the results of research into the on-boarding practices of cryptocurrency wallets and exchanges across the U.S. and Europe, research that focused on which of these crypto service providers are using Know Your Customer (KYC) checks when on-boarding customers. These companies might have to change...

    Thomas Delahunty | June 6, 2018 | 6:30 am
  • Indonesia
    Crypto

    Cryptocurrencies Are Now Commodities Subjected to Futures Trading in Indonesia

    The Commodity Futures Trading Supervisory Agency (Bappebti) has said that cryptocurrencies are a commodity that can be subject to futures trading. This comes despite a central bank ban on fintech companies using digital currencies and government warnings to investors. Futures Trading Expands to Indonesia As reported by kontan.co.id,...

    tim copeland | June 4, 2018 | 7:30 pm
  • Ransom
    Crypto

    Hackers Demand $1 Million Ransom in XRP for Stolen Bank Data

    Hackers have demanded a $1 million ransom to be paid in Ripple (XRP) for stolen personal data of 90,000 Canadians. They exploited the systems of two Canadian banks and threatened to release the user information unless their demands were met. Hackers Exploit Bank Weaknesses The hack was revealed...

    tim copeland | May 30, 2018 | 6:00 pm
  • Bank
    Bitcoin

    Argentinian Bank to Use Bitcoin for Cross-Border Transactions

    BMV bank has revealed a partnership with Bitex to allow customers to make cross-border payments in Bitcoin. They aim to utilise Bitcoin as a low-fee cryptocurrency which can be transferred across borders and easily exchanged for fiat currencies. Bank Moves from SWIFT to Bitcoin BMV said in a...

    tim copeland | May 22, 2018 | 10:00 pm
  • Vancouver
    Industry

    Vancouver Police Push Government to Enforce KYC/AML Laws with Cryptocurrencies

    The Vancouver Police Department (VPD) has warned Canada’s federal government that cryptocurrencies are increasingly being used by organized crime to launder money. The agency advises that checks and balances are necessary to monitor the digital coins, and pushes for the enforcement of amendments to legislation that would require...

    Thomas Delahunty | April 25, 2018 | 9:01 pm
  • Bitcoin

    Scandinavian Bitcoin Dealer Struggles to Find Banking Partners

    One of Northern Europe’s largest Bitcoin dealers is finding the lack of regulation surrounding cryptocurrency a hindrance to their business model. Prasos Oy has systematically burned through all but one of their Finnish bank accounts. Last Chance Saloon The banks that have closed their doors to Prasos Oy...

    Rick D. | March 9, 2018 | 11:39 pm
  • compliance
    Blockchain

    Crypto Companies Consulting Compliance Advisors to Avoid Bad Actors

    2018 has seen a surge in business for compliance advisors that help crypto services like exchanges and ICOs verify customer identities and make sure funds are legitimate. These advisors are helping crypto-related business determine if the individuals and organizations they are transacting in cryptocurrencies with are not ‘bad...

    Thomas Delahunty | February 25, 2018 | 11:24 pm

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