KYC
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Poloniex agrees to pay $7.6 million to settle allegations of sanctions violations
According to reports, the Office of Foreign Assets Control (OFAC) of the US Treasury Department announced on Monday that a settlement has been reached with the cryptocurrency excha
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Introduction
It is reported that Sakura Exchange Bitcoin Co., Ltd. (SEBC), the Japanese crypto exchange owned by Minoan, announced on the 28th that it plans to launch a new service, Binance JAP
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Visa Announces New Cryptocurrency Project Aimed at Promoting Public Blockchain Networks and Stable Currency Payments
According to reports, Cuy Sheffield, the head of Visa cryptocurrency, announced on Twitter on April 24th a new cryptocurrency related project developed by the company. Sheffield po
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The Future of Currency: Understanding the European Central Bank’s Progress Report on Digital Euros
On April 25th, the European Central Bank (ECB) released its third progress report on the design of digital euros, studying the access and allocation options for digital euros appro
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Bybit Heads Toward KYC Implementation To Ensure Compliance With Regulations
According to reports, the cryptocurrency trading platform Bybit will force users to perform KYC from 11:00 am Beijing time on May 8, 2023. Users who do not perform KYC before the d
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South Korean Financial Services Commission to Investigate Data from Virtual Asset Operators and Issuers: What You Need to Know
On April 24th, it was announced that the South Korean Financial Services Commission will support the Bank of Korea\’s request to investigate data from virtual asset operators and is
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Strengthening DeFi Compliance: How the US Treasury is Addressing Shortcomings
According to reports, Assistant Secretary of the Treasury Elizabeth Rosenberg stated that the Treasury is strengthening its regulatory system and DeFi should plan for some complian
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Desmo Labs Launches D/Wallet digital identity wallet
It is reported that Desmo Labs (formerly Debond) has now launched a D/Wallet digital identity wallet based on the Source.ID scheme, which has passed the conformance testing in line
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Desmo Labs Launches D/Wallet Digital Identity Wallet Based on Source.ID Scheme
It is reported that Desmo Labs (formerly Debond) has now launched a D/Wallet digital identity wallet based on the Source.ID scheme, which has passed the conformance testing in line
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US SEC Prepares to Shift to DeFi Regulation: Commissioner Peirce Criticizes the Move
According to reports, the US Securities and Exchange Commission (SEC) is preparing to shift to DeFi regulation when reopening proposed regulations, involving a review of changes to
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The Introduction of Ethereum Pledge Services by Incore Bank
On April 8th, Incore Bank, a financial bank headquartered in Zurich, Switzerland, announced that it will provide customers with Ethereum pledge services. The bank stated that custo
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Understanding the Rejection of Custodia’s Membership Application by the Federal Reserve Board
According to reports, in its explanation of the order rejecting the membership application of Customia, a cryptocurrency bank in Wyoming, the Federal Reserve Board believed that th
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Uncovering the Movement of Bitcoin Assets from the Closed BTC-e Trading Platform
On March 25th, according to on-chain data, BTC assets from the closed BTC-e trading platform have been moving on the chain for the past two weeks. Initially, an anonymous wallet ad
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Binance Employees Accused of Helping Chinese Customers Bypass KYC Controls
According to reports, a recent survey by CNBC revealed that Binance employees have allegedly been helping Chinese customers bypass the KYC control of the exchange. In response, a s
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The Sandbox is working with Polygon Labs to implement Polygon ID by the end of the year
According to reports, the meta universe platform The Sandbox stated on Twitter, \”The Sandbox is working with Polygon Labs to implement Polygon ID by the end of the year. We value d
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Iron Fish postpones main network launch due to bug, offers extended KYC deadline
According to the official blog on March 14, the privacy network Iron Fish was originally scheduled to launch on the main network on March 14, but now announced that it was postponed to launch on April 20, because a bug needs to be fixed was found, and users will have more time to complete KYC. From today, the redemption portal will be open to all participants. The new KYC deadline is April 14. All eligible users of the test network will be airdropped on April 21. The launch of the private network Iron Fish main network was postponed to April 20 Analysis based on this information:Iron Fish, a privacy network designed to enhance security and anonymity for users, was expected to launch on the main network on March 14th but has now postponed this launch due to a bug that needs to be fixed. The official blog for Iron Fish made the announcement on March 14th, explaining that the extra…
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Republic invests in Astra Protocol’s utility token for KYC and KYB services
It is reported that the decentralized KYC platform Astra Protocol said that the investment platform Republic will purchase 10 million ASTRA, which is the local…
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Sumsub Launches Travel Rule Solution for Cryptocurrency Industry
It is reported that Sumsub, a technology company, has launched a travel rule solution for the cryptocurrency industry. It includes the safe transmission of tra…