KYC

Inside the darknet market seizure made possible by Bitcoin.

As cryptocurrency service providers rush to find solutions for the FATF travel rule guidance, they may already have a ready-to-deploy solution from Netki.

Can an exchange with KYC/AML be “decentralized”?

The latest unlicensed bitcoin exchange conviction led authorities to seize $889,000 and 54.3 in bitcoin and other cryptocurrencies.

The FATF’s guidelines for combating cryptocurrency money laundering and terrorism financing could strike a blow against user privacy.

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."