Posts in category

KYC


Tezos, the blockchain project that sought to fix crypto’s broken governance models, is at the center of talk about how to handle decentralized politics – just not in the way its founders had hoped. On Sunday, the Tezos Foundation announced that it would be carrying out know-your-customer and anti-money laundering (KYC/AML) checks on investors who bought …

0 38

Bank of America has cited cryptocurrency as a material risk to its business, public records show. The technology could hamper the second-largest U.S. bank’s ability to comply with anti-money-laundering regulations, pose a competitive threat and force the company to spend more money to keep up with the times, the bank said in its annual filing …

0 39

Julio Faura is the head of blockchain research and development at Santander. Much is being written these days about the need to regulate initial coin offerings (ICOs) and – to the extent possible – access to cryptocurrencies. With close to $350 billion in (theoretical) market value, cryptocurrencies have started to hit the mainstream, and it …

0 43

Marc Hochstein is the managing editor of CoinDesk and a former editor in chief of American Banker. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Each of these three stories out of Southeast Asia is significant on its own, but when you read them side by side they tell a …

0 38

A new partnership has been inked between identity startup Cambridge Blockchain and IHS Markit, the U.K.-based data analysis firm. The deal will see Cambridge Blockchain complement IHS Markit’s existing services around anti-money laundering and know-your-customer, CEO Matt Commons said in a statement published today. The technology developed by the Massachusetts-based’s startup will be bridged with …

0 37

Blockchain technology has enabled the possibility of data control and proper identity management by their real owners. It is this technology that Persona, a start-up, has employed in order to ensure that users achieve hassle-free identity management, signing-on for all websites through its single channel. Hosting individual data using the Persona platform could offer individual …

0 39

One of the longest-running cryptocurrency-only exchanges is taking steps to bring its customer registration processes in line with the wider industry. Announced on Dec. 27, U.S.-based exchange service Poloniex revealed it will soon disable all legacy accounts, that is unless these users complete the same verification process as its newer account users who must complete …

0 37

The global equity market has seen a very turbulent decade since the start of the global recession. Yet despite the relatively stable economic growth the world has seen over the past five years there has been a significant decline in the number of Initial Public Offerings (IPOs), as well as a general lack of funding …

0 37

CryptoKitties, the Ethereum-based digital kitten collectibles game, has processed more than $12 million in sales on its decentralized marketplace. Essentially, CryptoKitties is a Tamagotchi-like game developed as a decentralized application (dapp) launched on top of the Ethereum protocol. Each digital kitten represents a unique crypto asset and the ownership of it cannot be altered, as …

0 36

Bittrex is reportedly leaking users’ passport scans and photographs as KYC emails from customer support contain dire security errors. As reports a Russian-language news channel on Telegram, users who go through the exchange’s manual KYC verification but are rejected receive an email from customer support. Along with the private documents the user supplies, the rejection …

0 35

Dr. Pavel Kravchenko holds a PhD in technical sciences and is the founder of Distributed Lab. In this opinion piece, the second of two parts, he describes the obstacles that must be overcome before blockchain technology can deliver on the promise of tokenization. In my previous post, I described the potential benefits of tokenizing assets. …

0 37

The increasing popularity of Bitcoin and other cryptocurrencies in India has led to multiple exchanges operating in India. The latest exchange to be launched is Coinome, which is backed by BillDesk, one of India’s leading payment services companies. BillDesk, a household name In the field of digital payments, BillDesk is a household name in India. …

0 37

The State Bank of India (SBI) is planning a beta launch of smart contracts by next month, with blockchain-based know-your-customer (KYC) processes soon after. According to Sudin Baraokar, head of innovation at SBI, the systems have been developed by Bankchain – a consortium of 27 banks that was launched in February to explore blockchain solutions for …

0 36

Neufund, a Blockchain equity platform from Berlin, has managed to raise more than $11 mln so far and is announcing one more funding round today. Zoe Adamovicz, Neufund’s co-founder and CEO  has shared the platform success story, her views on the current market and tips for ICO enthusiasts.   1. First of all, congratulations on …

0 39

As the market increases and decreases in successive waves, financial investment gurus want to jump into the market in different ways. The problem is that there are many things about cryptocurrencies that make traditional fund structures difficult or impossible. However, The Token Fund team is putting together a system that will make crypto funds a …

0 39

Citigroup chief executive officer (CEO), Michael Corbat, has projected that the threat posed by Bitcoin and other digital currencies in the existing global financial system will give rise to state-supported virtual currencies. He argued that governments around the world will not take the disruption caused by the cryptocurrencies in the system sitting down. In an …

0 36

The State Bank of India (SBI) has announced that it is due to implement Blockchain technology in the management of Know Your Customer (KYC) protocols. The Indian bank has partnered with a Blockchain company to develop the enterprise solution that employs smart contracts to self-manage KYC protocols. The Blockchain-based platform will provide SBI an effective …

0 40