David Marcus, head of Facebook’s crypto wallet Calibra, stressed that Facebook will launch the Libra cryptocurrency project only after they address all regulatory concerns
Category: KYC
Top-6 Issues Experts/Entities Have With Libra
Libra faces intense scrutiny as lawmakers and industry experts highlight its potential risks
Polish Crypto Exchange BitMarket Shuts Down Citing Liquidity Loss
A message appearing on its official website announces that Polish cryptocurrency exchange BitMarket is shutting down its activities
Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto Management
Shapeshift, the company that allows traders worldwide to exchange hundreds of cryptocurrency pairs launched its new crypto platform that now offers an integrated suite of digital asset management in a noncustodial fashion. The firm believes the latest release offers a true end-to-end solution that aims to bolster free market finance. Also Read: Bitcoin Cash Scaling […]
The post Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto Management appeared first on Bitcoin News.
Oxfam Trials Aid Distribution With DAI, Future Use ‘Highly Likely’
A pilot program saw Oxfam distribute financial aid in the form of tap-and-pay cards developed for Sempo’s payment platform that were loaded with DAI to 200 citizens of Vanuatu to test the efficacy of blockchain-based disaster relief so…
Updated Crypto Guidelines From FATF Has Far-Reaching Implications
The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers), compromising user privacy and restricting crypto market access. Also read: BCH Development Fund Doubles Its Goal After a Successful Month […]
The post Updated Crypto Guidelines From FATF Has Far-Reaching Implications appeared first on Bitcoin News.
Circle and Coinbase’s Centre Seeks to Form Consortium to Promote, Issue USDC
Coinbase and Circle open up the Centre consortium for new members to join, hoping to increase interoperability and transparency among stablecoins
Privacy Is Paramount: How KYC Makes Us All Less Free
KYC (Know Your Customer) policies and endless private data collection, coupled with force-backed, violent legislation compromise the utility and ethics of crypto trading. An uncompromising stance on user privacy is critically important to crypto traders and peer-to-peer transaction. It’s not about having nothing to hide, but about sound economics, human dignity, and creating a more […]
The post Privacy Is Paramount: How KYC Makes Us All Less Free appeared first on Bitcoin News.
Appetite for Blockchain Tech Builds Among Korean Banks, but Without Crypto
Banks and former officials in South Korea turn to blockchain for fintech improvement but still without incorporating cryptocurrency
Binance DEX: Navigating Country-Specific Cryptocurrency Trading Restrictions
Binance CEO says geofenced traders should use VPNs, but the terms of service on the platform explicitly forbid the use of proxy services or VPNs