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KuCoin crypto exchange to introduce mandatory KYC in July

Major cryptocurrency exchange KuCoin is working to strengthen its Know Your Customer (KYC) system by introducing new mandatory identity checks.On June 28, KuCoin officially announced the upcoming KYC system upgrade in a move to increase compliance with global Anti-Money Laundering regulations.The KYC authentication upgrade introduces mandatory KYC checks for all

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Bank of France Governor Calls for Mandatory Licensing for Crypto Companies – Regulation Bitcoin News

France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year. Licensing Should Replace Registration for Crypto Firms in France, Governor

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Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia – Regulation Bitcoin News

Russians who use cryptocurrency should not be anonymous, the man who chairs Russia’s federal investigating authority has recently stated. The official leading efforts to fight corruption in the government called for additional regulations, including the introduction of mandatory identification for those who transact with digital coins. Anti-Corruption Official Pushes for

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CZ reveals how many users left Binance after mandatory KYC

Major crypto exchange Binance took a compliance-friendly approach to its business after years of a cat-and-mouse game with regulators around the world, and it worked surprisingly well in terms of user retention, according to a new interview with Binance CEO Changpeng Zhao.Speaking to Bloomberg News, Zhao noted that Binance made Know Your

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Vitalik Buterin Calls Mandatory Use of Bitcoin in El Salvador Counter to Crypto’s ‘Ideals of Freedom’ — CoinDesk

In his Reddit comments, Buterin added that the “tactic of pushing BTC to millions of people in El Salvador at the same time with almost no attempt at prior education is reckless, and risks a large number of innocent people getting hacked or scammed. Shame on everyone (ok, fine, I’ll

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