Category: KYC

BitMEX crypto exchange steps up AML and trade surveillance measures

November 12, 2020

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New technology will help screen out bad actors, BitMEX says. 1697 Total views 21 Total shares BitMEX, one of the world’s biggest Bitcoin (BTC) trading platforms, continues to strengthen its Anti-Money Laundering measures in the aftermath of its criminal charges in the United States. According to a Nov. 12 blog post, BitMEX has partnered with […]

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The crypto compliance lie: Sacrificing privacy does not make us safer

October 31, 2020

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In the last month, we’ve seen the United States Federal Reserve come after BitMEX for failing to identify customers, crypto intelligence firm CipherTrace report that most crypto exchanges are not collecting enough user info, and the so-called “FinCEN Files” demonstrate that even large banks that collect and report vast troves of suspicious transactions are not […]

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How US authorities are using old AML tools to crack down on crypto

October 24, 2020

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The ease of laundering money in the U.S. before 1970 boggles the mind. Prior to the Bank Secrecy Act (BSA) of that year, there were no federal standards for banks to keep records on activity that fell under the category of “suspicious.” There were also no consistent reporting requirements — it was the BSA that […]

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Blockchain Bites: Hodl Hodl’s No-KYC Bitcoin Lending, Voyager’s Token Merging M&A Deal, Crypto’s Reaction to PayPal

October 22, 2020

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Oct 22, 2020 at 16:06 UTC Blockchain Bites: Hodl Hodl’s No-KYC Bitcoin Lending, Voyager’s Token Merging M&A Deal, Crypto’s Reaction to PayPal Hodl Hodl announced a P2P lending service, with no KYC requirements. Ant Group is continuing to research and release blockchain-based services. And what people are saying following PayPal’s crypto market entrance. Top shelf […]

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Bitcoin Hodlers Get a Lending Option With No KYC

October 22, 2020

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Oct 22, 2020 at 13:00 UTC Roman Snitko, CTO of Hodl Hodl( Anna Baydakova for CoinDesk) Bitcoin Hodlers Get a Lending Option With No KYC Hodl Hodl, a non-custodial bitcoin exchange, is launching a lending product. The exchange claims it will be “the first true bitcoin DeFi” (decentralized finance) product. Starting this month, bitcoiners can […]

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