Month: June 2021

HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain

HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain

HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology. 2212 Total views 7 Total shares Global banking giant HSBC has announced that it has been successfully onboarded to the regional Know-Your-Customer (KYC)-focused private blockchain backed by Dubai’s government. HSBC is the first overseas, and fourth founding member, […]

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Driving ‘purists beserk’: Co-chair of blockchain caucus wants to ‘reverse’ crypto transactions

Driving ‘purists beserk’: Co-chair of blockchain caucus wants to ‘reverse’ crypto transactions

Democratic Representative Bill Foster has called for legal power to identify wallet holders and reverse crypto transactions in instances of criminal behavior such as ransomware attacks. 3745 Total views 7 Total shares Bill Foster, Democratic Representative and co-chair of the Congressional blockchain caucus, has called for a regulatory framework that would enable third parties to […]

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Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges

Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges

The world’s largest cryptocurrency trading platform, Binance, has faced regulatory upheaval over the past week as jurisdictions clamped down on the use of unauthorized exchanges and warned citizens against accessing them. For Binance, adopting the moniker of “global exchange” has done very little to appease regulators that require specific licenses to offer financial services to […]

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