Binance CEO Hits Back at 'Weak' KYC Claims
Binance has the most sophisticated KYC solution on the planet, CZ said. Original Source
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KYC
First Binance soulbound token BAB targets KYC user credentials
Binance cryptocurrency exchange is moving towards decentralized identity tools by launching its first-ever token designed to certify verified user status on the platform.Binance on Monday announced the launch of the Binance Account Bound (BAB) token, aiming to address identity issues in the decentralized society (DeSoc).In contrast to traditional crypto assets
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Binance Compliance Officer: KYC Cost Exchange ‘Billions in Revenue’
Three Binance compliance officers give a fiery response to allegations of illicit activity, sanctions evasion and darknet links. Original Source
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The future of KYC in crypto
Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, but cohabitation is inevitable for the maturing industry. The tension never really goes away, but even before recent months’ market failures for
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Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform – Regulation Bitcoin News
Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to
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Coinbase Users in the Netherlands to Face Additional KYC Hurdles When Pulling Crypto off Platform
Coinbase told customers it is making these changes as "required by local regulations," an apparent reference to the Financial Action Task Force's (FATF) travel rule, which requires crypto service providers to exchange the personal information of the senders and receivers in order to tackle fraud and money laundering. Source
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Polygon Increases KYC Scrutiny of Potential Investments and Grants in India
Polygon is now requiring extensive customer details for prospective partners in India as regulatory scrutiny there grows, according to a source. Source
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DEXs and KYC: A match made in hell or a real possibility?
Decentralized exchanges must figure out how to up their Know
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Accelerated Development of Pi Blockchain Yields Decentralized KYC Solution, 33 Million Engaged Users, and More on Path Towards Open Mainnet
An Examination of the Social Cryptocurrency Reveals Numerous Recent Achievements and an Exciting Future On March 14, 2022, Pi Network celebrated its 3rd anniversary with important announcements and updates. The network defined future plans and shared progress in terms of technology, product, and community growth since last year’s Pi Day. Pi Network
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What Is KYC and Why Does It Matter for Crypto?
KYC means "know your customer." It refers to a financial institution’s obligation to carry out certain identity and background checks on its clients before allowing them to use its product or platform. It is part of a broader set of measures that regulators around the world use to fight money
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