Report said that Dubai’s Department of Economic Development, or “Dubai Economy,” and the Dubai International Financial Centre (DIFC) are working to expand their Know Your Customer (KYC) platform to financial institutions across the United Arab Emirates. It has been reported that the DIFC made the planned project expansion known through an announcement published on its website on April 6. However, both organizations have signed an agreement to put the necessary modalities in p

Bithumb, the South Korean cryptocurrency exchange, is toughening its approach to Anti-Money Laundering (AML) enforcement with a series of new measures that include trading restrictions, stronger Know Your Customer (KYC) checks, and specialized blockchain intelligence solutions. It has been reported that the popular exchange, which has an estimated average of 1 million daily users and a daily transaction volume worth 5–7 billion ($4.4–6.2 million), had a troubled 2020 beset by

Blockpass, the pioneer of On-chain KYC(TM), is proud to announce a groundbreaking partnership with EasyFi Network – a scalable, open, and inclusive Layer 2 DeFi lending protocol for digital assets, built on Matic Network. The partnership features a powerful use case for on-chain KYC data via a network consisting of Blockpass, Chainlink, Matic, and EasyFi, enabling the realization of decentralized and compliant lending and borrowing of digital assets over public networks. Easy

Blockpass is proud to reveal another new partnership, this time with Blitz Network – a union of miners, cross border traders, and early cryptocurrency investors. As part of the financial landscape, Blitz Network requires KYC certification for larger volume users, which Blockpass will provide in a seamless and effective manner through its KYC Connect solution. In addition, Blitz Network has made a strategic investment in Blockpass. Blitz Network has been trading over-the-count

Blockpass is excited to reveal its mainnet launch as a data provider on the Chainlink Network – the most widely used decentralized oracle solution in the blockchain ecosystem. This groundbreaking integration will result in Blockpass, via our own Chainlink node managed by LinkPool, providing seamless and secure on-chain KYC data across all of the leading blockchain platforms. The possibilities created by this are expansive and will entail multiple services for proving age, geo

Sri Lanka’s central bank has selected a shortlist of three firms to develop a proof-of-concept (PoC) for a shared Know Your Customer (KYC) facility using blockchain. On July 2 Siri Lanka’s Daily Mirror reported that the project was initiated in fall 2019. The central bank is looking to establish a blockchain-based facility that would enable the government and the banking sector to securely share and update customer data nationwide. Speaking at an event in Colombo On June 30,

A new website Kycnot.me is seeking to compile an active list of every cryptocurrency exchange that is KYC-free. Those exchanges that welcomes traders in some capacity without forcing them to hand over personal information through know-your-customer verification. New website comparing #bitcoin or #monero exchange options that don't require #KYC https://t.co/YhvhLPRSzi pic.twitter.com/9Q78bqQQg5 — K.A.B. (@DatenRATTE) June 12, 2020 Kycnot.me is only concerned with exchanges th

On April 28, CipherTrace launched Armada, a product designed to eliminate risky cryptocurrency blind spots for banks and financial institutions. Armada focuses on off-chain data instead of on-chain data while working in alongside with banks’ existing monitoring tools: “To identify transactions with virtual asset service providers (VASPs), including those with weak KYC or operating as unregistered money service businesses (MSBs).” CipherTrace Unveils Compliance Tool for #Banks

Dubai International Financial Centre (DIFC) and Mashreq bank announced the launch of their new blockchain data-sharing platform. On March 1st the announcement was made that the platform will allow licensed businesses and corporations to open digital bank accounts instantly by verifying their identities via an internal blockchain. يسعدنا إطلاق هذه المبادرة التي تتماشى مع استراتيجية الإمارات العربية المتحدة للتعاملات الرقمية (بلوك تشين) 2021. للمزيد من المعلومات: https://t.co/e

The Department of Economic Development (DED) of Dubai has established a Know Your Customer (KYC) blockchain consortium with six major banks, as one of the financial hubs of the Middle East, the United Arab Emirates (UAE), is continuing to expand blockchain-driven developments. One of the #financial hubs of the #Middle #East, the #United #Arab #Emirates (#UAE), is continuing to expand #blockchain-driven #developments.https://t.co/DfsCf9MSkJ#Rakamoto #Blockchain #WednesdayThoug

Bitfinex, a cryptocurrency exchange, has reportedly strengthened its ‘Know Your Customer’ (KYC) requirements, sending an email to verified users asking for more identifying information. ICYMI: Bitfinex tightens its KYC process, asking verified users to submit additional informationhttps://t.co/1oWGgZb1n2 — The Block (@TheBlock__) December 28, 2019 On December 27, it has been reported from The Block that the purpose of the email from Bitfinex was to enhance the exchange’s due

Poloniex, a cryptocurrency exchange, announced a new account tier, dubbed Level 1, which allows up to $10,000 in daily withdrawals without requiring full ‘Know Your Client’ (KYC) onboarding. Poloniex Allows Up to $10,000 Daily Withdrawals for KYC-Less Accounts https://t.co/WhzaEycoFt pic.twitter.com/JxB9bhFl3y — multi yant (@YantMulti) December 24, 2019 On December 19, it has been reported that the new account tier has been created in reaction to user feedback. The post read

Cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27. On Dec. 9 a press release was shared by OKEx stating that the addition of options makes OKEx the “first crypto exchange to offer C2C, spot, futures, perpetual swap, and options trading under the same roof.” NEW LAUNCH: Another big news! We'll soon launch Options Trading on #OKEx. Starting from Dec 12, join our Simulation Trading Contest & share rewards up to 150,000 $USDT 🏆🎉 Sign

The Central Bank of Sri Lanka announced that it is searching for tech companies who can build a “proof of concept” shared KYC system for its banking industry. On Nov. 29 the bank announced on its website in an open call. The bank’s invitation to apply read: “The increasing demand for digitalized financial services has created an opportunity for Sri Lanka to evaluate the possibility of adopting Blockchain Technology to further advance Sri Lanka’s financial sector” Shared And U