KYC/AML
Ethereum L2 Kinto Shuts Down after July Exploit as ‘Fundraising Options Disappeared’
Just two months after the exploit, Kinto’s K token dropped sharply on the news, wiping out the remaining value it had recovered.
KYC Comes for Crypto Cards as SolCard Shuts Door on Anonymous Visa Use
Some unverified SolCard users lost access to their virtual debit cards, but a company representative says a no-KYC option will be reinstated.
COIN Is S&P 500 Top Performer, Despite Community Backlash Against Coinbase
Coinbase’s customer data breach, which the DOJ is investigating, has sparked criticism of the exchange giant.
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 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
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…
