Tag: KYC

  • European Parliament Passes Bill Requiring Crypto Firms to KYC Non-Custodial Wallets

    European Parliament Passes Bill Requiring Crypto Firms to KYC Non-Custodial Wallets

    European crypto firms may soon be forced to implement KYC (Know Your Client) procedures for non-custodial wallets that they transact with.

  • Crypto Balks At Bored Apes’ KYC Requirement

    Crypto Balks At Bored Apes’ KYC Requirement

    Bored Ape Yacht club asks users to disclose their real identities for a mystery project.

  • EU Regulators Propose Crypto Clampdown

    EU Regulators Propose Crypto Clampdown

    European Defiers better buckle up, because regulators in the EU are attempting to tighten the rules on crypto transfers.  On July 20, the European Commission, the executive branch of the European Union, announced a package of legislative proposals to strengthen the EU’s anti-money laundering and counterterrorism financing (AML/CFT) rules. The legislative proposal moves to apply […]

  • ShapeShift Embraces DeFi, Axes KYC

    ShapeShift Embraces DeFi, Axes KYC

    ShapeShift will be fully embracing DeFi protocols and getting rid of KYC. The Colorado-based company will now route traders to decentralized exchanges, rather than holding cryptocurrency and being the counterparty in customers’ trades. This change allows it to stop collecting users’ information. Only ether and ERC20 tokens are supported for now. Fundamental Change  “Today, ShapeShift […]

  • BitMEX Charges Highlight Case for Real DeFi

    BitMEX Charges Highlight Case for Real DeFi

    CFTC charges against BitMEX are bound to push more cryptocurrency projects towards decentralization — but that means actual* decentralization. The Commission today filed charges against BitMEX and its owners and operators including CEO Arthur Hayes for operating a trading platform without CFTC approval, and for failing to implement know-your-customer procedures, a customer information program, and […]