Following a consultive forum this month, there is no indication that the FATF will change its recent position on stricter KYC rules for cryptocurrency service providers.
In a letter dated April 10, 2019, the New York State Department of Financial Services (NYDFS) rejected the cryptocurrency exchange's BitLicense application, a requirement for offering crypto-based services to New Yorkers.
The peer-to-peer bitcoin marketplace Paxful announced that it’s introducing AI-powered identity verification to help improve know-your-customer (KYC) and anti-money laundering (AML) procedures.
LocalBitcoins, the peer-to-peer cryptocurrency exchange favored by those who want to buy or sell bitcoin anonymously, will now require users to provide personal information.
In this op ed, CoolBitX CEO Michael Ou argues that "anonymity contributes to cryptocurrency’s notorious volatility and makes it that much less likely that digital currencies will become stable stores of value."
Decentralized exchange Bisq has upgraded its software with an entirely new User Interface (UI) design and the launch of the Bisq Decentralized Autonomous Organization (DAO) on testnet.
Civic Connect, an integration tool that will allow mobile app developers to integrate the Civic app directly into their own apps as a way to authenticate users, was announced at Money 20/20.
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