Category: KYC

Are NFTs being used for money laundering? Yes they are, claims Mr. Whale

August 13, 2021

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NFT’s could be a vehicle to legitimize ill-gotten gains for the crypto elite. 2359 Total views 112 Total shares The nonfungible token space has been a hive of activity over the past month or so but there could be more going on than meets the eye as concerns emerge over the sector’s involvement in money […]

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

June 30, 2021

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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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Hybrid DEX/CEX exchange Cryptocurrencies.Ai raises $8 million, taps Binance liquidity

May 20, 2021

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A feature-rich DEX hopes to lure traders in with new tools and liquidity via Binance. 5178 Total views 10 Total shares Alameda Research’s latest investment is aiming to build some tricky bridges between decentralized and centralized systems. On Thursday, Cryptocurrencies.Ai (CCAI) announced a $8 million raise led by Alameda Research, DFG, Rarestone Capital and half […]

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Dutch regulators unsure of number of crypto investors in Netherlands

May 20, 2021

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Stringent KYC requirements notwithstanding, the Dutch central bank still does not know how many crypto investors are in the Netherlands. 5541 Total views 13 Total shares De Nederlandsche Bank NV — the Dutch central bank — has registered about 20 crypto exchanges in the country but is no closer to determining the number of cryptocurrency […]

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Blockchain will thrive once innovators and regulators work together

May 15, 2021

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There is often a perceived tension between regulation and innovation. A pervasive narrative has emerged that these two important parts of our society are at odds with each other. In reality, it’s when these two come together as partners that we can effect change and transform our world for the better. Nowhere is this more […]

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DeFi lending platform Aave reveals ‘permissioned pool’ for institutions

May 12, 2021

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Designed for institutional investors, the lending pool will feature KYC and AML restrictions. 6288 Total views 27 Total shares The banks are out of the bag: In a Tweet on Wednesday, Stani Kulechov, co-founder of decentralized finance money market protocol Aave, revealed that the Aave protocol has built a “private pool” for institutions to “practice” […]

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Crypto.com to use CipherTrace tool to comply with FATF’s travel rule

May 3, 2021

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Crypto.com has chosen CipherTrace’s specialized compliance tool to help it fulfill the complex requirements of the FATF’s industry-shaping “travel rule.” 13022 Total views 47 Total shares Crypto.com — the creator of a cryptocurrency exchange, wallet, debit card program and crypto app — is strengthening its compliance toolkit by implementing a commercial solution developed by crypto […]

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Mergers and acquisitions are rising, leaving crypto assessments in question

April 17, 2021

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Fintech, cryptocurrency and mergers and acquisitions are poised to intersect significantly in the coming year. M&A activity is expected to rebound quickly — more than 60% of decision-makers at large companies who were surveyed by FTI Consulting for a February report agree that their company has recently been a target of aggressive M&A, and 39% […]

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Dubai’s economic department to roll out blockchain-based corporate KYC

April 14, 2021

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Dubai’s Department of Economic Development wants to accelerate the total adoption of UAE KYC — the national Know Your Customer standard running on blockchain technology. 7855 Total views 31 Total shares Dubai’s Department of Economic Development, or “Dubai Economy,” and the Dubai International Financial Centre are working to expand their Know Your Customer platform to […]

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DeFi’s critical missing piece: Credit scores

April 10, 2021

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Over the last 12 months, the remarkable growth in decentralized finance has been driven by one thing: the ability of users to earn strong yields on their crypto assets by lending, staking and providing liquidity. Depending on your risk appetite, gains from DeFi investments can run tens or even hundreds of times higher than standard […]

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