San Francisco cryptocurrency exchange giant Coinbase has acquired a local startup which offers decentralized identity solutions to help consolidate its login and verification processes. The firm, Distributed Systems Inc, according to Coinbase project manager B Byrne, was selected by the exchange to utilize blockchain for verification purposes and, thereby, offer more safety to clients. He […]
If our goal is mass adoption, blockchain and crypto firms should work closely with regulators and come up with new ways to solve big thorny problems.
Crypto exchange and wallet service Coinbase has acquired a decentralized identity startup to develop an identity verification and validation system
Microsoft Azure has introduced a proof-of-authority algorithm on its Ethereum-based cloud computing platform
A recent survey from payment company Mistertango indicates that 88% of cryptocurrency exchanges want regulatory standards for the industry, with 55% in favor of know-your-customer (KYC) policies and anti-money laundering checks on users. Protection from market volatility So far, 2018 has seen poor gains compared with the latter half of 2017, while the fear of […]
Cryptocurrency exchanges play a vital role in the world of Bitcoin and altcoins. Not every exchange has a solid reputation, which is only to be expected. HitBTC is facing a lot of scrutiny over its KYC procedures for verifying user accounts. It seems this situation is only getting further out of hand as time progresses. […]
TransferGo reportedly becomes “world’s first” fiat remittance service to offer crypto trading
Messaging service Telegram launched a new crypto-oriented feature on Thursday. Telegram Passport is a “unified authorization method for services that require personal identification”. KYC for ICOs in other words, which the Russian chat platform names as one of its intended use cases for Passport. Documents will be secured by end-to-end encryption, and Telegram has promised […]
Anti-money-laundering and know-your-customer practices have cost many billions more than all ICO scams put together – yet, what they have produced?
Crypto exchange Cobinhood has announced today it is supporting fiat trading starting with the U.S. dollar from July 20. The exchange, known for its zero-fee trading, is endorsed by U.S. football player Richard Sherman. Cobinhood to Start Fiat Trading Cobinhood has begun a move into crypto to fiat trading, following regulatory approval. Trading pairs will… […]
39 financial firms and regulators worldwide have completed a KYC trial on R3’s Corda blockchain platform
Around 40 participants have trialed a “self-sovereign” know-your-customer application that gives customers more control over their data.
Ajit Tripathi of ConsenSys, formerly of Wall Street, compares crypto to a misbehaving — but learning — teenager and regulators to his parents in an interview with CT
The Irish co-founder of Eircoin has complained that he feels that the Banking and Payments Federation of Ireland (BPFI) is discriminating against crypto-related accounts, writes Cointelegraph. Irish Bitcoin’s (BTS) Dave Fleming has accused Irish banks of pursuing a defensive and over-regulated banking system in matters of cryptocurrency. Dave Fleming is an Irish pioneer when it […]
Japan’s FSA demands six big exchanges improve AML/KYC setup