2019-9-6 21:09 |
Can an exchange with KYC/AML be “decentralized”?
The post LocalBitcoins’ New KYC Rules Raise Privacy Concerns appeared first on Bitcoin Magazine.
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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.
2019-6-19 02:30 | |
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It looks as if cryptocurrency service providers will have to adopt stricter know-your-customer (KYC) policies all across the world — and not everyone is happy about that.
2019-5-13 21:33 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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Almost everyone in the world who has access to the internet or financial services will, at one point, have verified their identity online. Sometimes, this is as simple as uploading a selfie or confirming a phone number.
2019-5-3 14:59 | |
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Purchasing bitcoin ought to be quick and easy, but over the years, encroaching KYC has made that task more complex. Rebiton is a service that cuts through the red tape, making it possible for anyone to buy up to $999 without the need for ID.
2019-4-8 13:20 | |
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AJ is a British bitcoin miner who loves privacy and hates KYC. When he needs cash to pay his bills, he meets bitcoin buyers in person. EZ is a full-time bitcoin trader who spends his days driving from city to city buying and selling BTC.
2019-4-3 09:33 | |
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An untitled bill before the Texas legislature is just ridiculous. House Bill 4371, which is less than 500 words long, calls for people to “verify” the identity of senders before receiving cryptocurrency.
2019-3-12 09:44 | |
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The Canada Revenue Agency (CRA) has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.
2019-3-9 23:53 | |
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Coinbase’s Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data.
2019-3-5 23:58 | |
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There are many keywords in blockchain, but few spark as much emotion as “decentralization. ” For many of us, it was the dream of decentralization that inspired us to embark into the industry in the first place — the driving force encouraging us to explore the many industries and practice areas that could be positively impacted by this technology.
2019-3-1 19:43 | |
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MyEtherWallet (MEW) now allows its customers to conduct trades of up to $5,000 without KYC protocols, as announced via a press release on February 20, 2019. New Rules One of the most talked-about issues in crypto is the issue of privacy.
2019-2-25 22:00 | |
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The Strip-Down Feeling of Crypto Compliance The Price Attached to Compliance When it comes to the service of transmitting money, especially when it comes to those companies that allow for switching between fiat currencies and cryptocurrencies, they're often made to feel obligated to be in compliance with the firm anti-money laundering legislation (AML) which also […]
2019-2-23 02:43 | |
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The world of cryptocurrency has been torn between those that want regulation on the technology and those that deem regulation a violation of their privacy. The latter group further terms the act of regulating the cryptocurrencies as a backward move from the benefits they offer including privacy and anonymity. News.Bitcoins latest look gives insight into […]
2019-1-15 22:21 | |
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Cryptocurrency users are becoming increasingly aware that it is more difficult than never before to have their privacy protected, even using digital assets. As cryptos expand all over the world, regulatory agencies and governments try to impose Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) policies to exchanges and other platforms in the space. These KYC and AML […]
2019-1-12 21:13 | |
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Code Opened For Coconut, A Privacy-Focuses KYC Protocol The largest crypto mining firm in the world, Bitmain, has developed a new code with the use of Intel’s Enhanced Privacy ID. This new code, Coconut, is popular for the way that it maintains privacy with the know-your-customer protocol. With the division, this company is able to […]
2018-12-7 08:15 | |
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If blockchain-based identity platform Civic is to go mainstream, then making it simple for as many businesses and consumers as possible to start using its app will be key.
2018-10-23 20:50 | |
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Civic, a digital identity firm, has collaborated with Brave, the privacy-based browser with a blockchain-based digital advertising platform, to provide identity verification services to Brave’s content creators.
2018-9-25 00:58 | |
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Based on blockchain technology, most cryptocurrencies have an open and public ledger. While this is required for these systems to work, it comes with a significant downside: Privacy is often quite limited.
2018-9-18 19:50 | |
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A handful of projects brought their tech to life this week, introducing new payment systems and coins to the industry’s offerings. Meanwhile, Bitcoin’s Lightning Network makes headway for the dev community, and one of crypto’s older and more respected exchanges (arguably) takes a step against the space’s principles.
2018-9-11 17:57 | |
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Privacy preservation is one of cryptocurrency’s defining characteristics. Digital assets such as bitcoin provide a far higher degree of anonymity and surety than traditional online payment methods such as credit card or Paypal.
2018-9-11 17:45 | |
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US exchange Coinbase is reportedly exploring possibilities to create a cryptocurrency ETF and we’ve covered the details in The Daily. Also, Bittrex announces fiat pairs for cardano and zcash, Changelly admits requesting KYC documents from clients trading privacy coins like XMR, and Monero developers find another bug.
2018-9-9 17:01 | |
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Monero (XMR) users have been complaining after finding out that cryptocurrency exchange Changelly can effectively “steal” their cryptocurrency. Changelly has been accused of requiring KYC documents after funds leave the wallet according to a tweet from September 4, 2018.
2018-9-6 18:00 | |
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In a what appears to be a seismic shift in company ethos, digital assets platform ShapeShift has launched a new loyalty program called "ShapeShift Membership" which will require the exchange users to provide "basic personal details," according to a blog post published September 4, 2018.
2018-9-6 21:20 | |
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The news that Shapeshift is to adopt a fully verified model, requiring KYC for anyone who wishes to swap cryptos, has sparked a wave of protests. Many users have vowed to take their business elsewhere.
2018-9-6 14:05 | |
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ShapeShift is launching a new membership program that will become mandatory later this year, the company announced today on its website. The Switzerland-based cryptocurrency platform is ending its “exchange without accounts” policy that enables individuals to privately trade Bitcoins, Ethereum and other digital coins with anonymous counterparties located anywhere in the world.
2018-9-5 01:30 | |
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Changelly Can Withhold XMR If KYC Isn’t Completed Privacy coins, such as Monero (XMR), ZCash (ZEC), Horizen (ZEN), are often the topic of controversy within the cryptocurrency community, as some naysayers claim that these assets directly enable money laundering, terrorist financing and the like.
2018-9-5 00:37 | |
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Imagine a new digital economy, one that allows everyday people to take full control of their personal data. Complete with a public chain for data transactions and application development, this system would foster a trustworthy, domain-wide data exchange that capitalizes on the torrent of advancements taking place through blockchain technology.
2018-8-1 20:41 | |
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As the crypto industry experiences lower volumes, here are our top cryptocurrencies to watch this week: HYPE, Horizen and IMX.
Zac Williamson is the co-founder and CEO of Aztec, a privacy-first Layer 2 solution on Ethereum.
The following is a guest article from Matthew Niemerg, co-founder of Aleph Zero. The Fifth Circuit Court of Appeals handed down a landmark ruling yesterday that could fundamentally reshape how cryptocurrency protocols are regulated.
Circle plans to combine regulatory compliance with on-chain privacy using a new Ethereum token standard. According to Circle’s “Confidential ERC-20” whitepaper, the concept would enhance privacy features for existing and new cryptocurrencies issued on Ethereum (ETH) and EVM chains without…
The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. Privacy coins, or cryptocurrencies with privacy-enhancing features designed to boost anonymity and reduce traceability, are at the heart of a brewing battle between personal financial freedom and government regulation.
Privacy tokens underwent nearly 60 delistings by centralized exchanges this year, a record since 2021, according to a recent Kaiko report. The report tracked Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash (ZEC).
The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. In the digital age, financial privacy has become a pressing issue because surveillance is ingrained in all electronic transactions.