Tag: KYC
KYC (Know your customer) is a banking and exchange regulation term for financial institutions and bookmakers, as well as other companies that work with private money, meaning that they must identify and establish the identity of the counterparty before conducting a financial transaction
El Salvador censors native crypto users
El Salvador censors local crypto users who use the proprietary Chivo Wallet to manage their cryptocurrencies. According to the latest information, state surveillance in the Central American country is increasing significantly. Actually, cryptocurrencies
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Gemini data breach: 5.7 million user data hacked at bitcoin exchange
The Bitcoin exchange Gemini is faced with a data breach in which, according to consistent media reports, around 5.7 million user data were affected. Initially, the stock exchange had not yet
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Crypto Exchange Bittrex Violates US Sanctions
According to US authorities, the crypto exchange Bittrex has ignored sanctions by the US Treasury Department for years. Now the state institutions are demanding a fine of 29 million US dollars.
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US Bank Debuts Crypto Custody Services for Fund Managers
America’s fifth-largest retail financial institution, US Bancorp (also known as US Bank), is set to provide cryptocurrency custody services featuring Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC). As reported by CNBC, the service
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