Search Results for: Know-Your-Customer

‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US

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New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and…

Pakistan Banks to Use Blockchain Technology for KYC

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Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and…

Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges

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Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis…

Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices

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After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on…

Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached

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Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to invade Ukraine was met with wave after wave of Western sanctions….

Indien friert die von Peter Thiel unterstützten Krypto- und Bankvermögenswerte von Vauld ein $46 Million

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Indien’s Durchsetzungsdirektion (Ed) hat die Krypto-Börse Vauld eingefroren’s Krypto- und Bankvermögen im Wert von etwa INR 370 crore ($46,439,181). Vauld stoppte im vergangenen Monat Ein- und Auszahlungen. Berichten zufolge ermittelt die indische Strafverfolgungsbehörde mehr als 10 Austausch von Kryptowährungen. Indian Authority…

Die Gründer der Krypto-Börse Bitmex bekennen sich wegen Verstößen gegen das Bankgeheimnisgesetz schuldig

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The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bankgeheimnisgesetz. “As a result of its willful failure to implement AML and KYC programs, Bitmex was in effect a…

Millionen in Finanzierungsrunde zum Aufbau von DEX im Bitcoin-Netzwerk $1.2 Millionen in Finanzierungsrunde zum Aufbau von DEX im Bitcoin-Netzwerk, Millionen in Finanzierungsrunde zum Aufbau von DEX im Bitcoin-Netzwerk

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Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. Der $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after passing with a…