#AML/KYC

News and articles about client verification procedures and AML/KYC regulations in cryptocurrency and blockchain projects.

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ForkLog 13 25.01.2022

Bithumb to block withdrawals to unverifiable wallets

South Korean bitcoin exchange Bithumb will prohibit users from withdrawing crypto assets to unverifiable third-party wallets. The new rule will take effect on 27 January 2022, according to the blog.

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ForkLog 24 15.10.2021

Vatican criticised the role of cryptocurrencies in illegal migration

Cryptocurrencies play a dangerous role in human trafficking and contribute to rising crimes related to money laundering. This was stated by Vatican spokesman Janusz Urbanczyk.

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ForkLog 31 03.09.2021

Bithumb to require verification for foreign users

South Korean bitcoin exchange Bithumb will restrict access to foreigners who do not verify their identity via mobile phone, The Korea Herald reports.

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ForkLog 34 20.08.2021

Binance introduces mandatory user verification

New Binance users must undergo identity verification to gain access to the exchange's products and services, including cryptocurrency deposits, trading and withdrawals.

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ForkLog 26 12.07.2021

OK Group to Aid Police in AML Crackdown Using Blockchain

OK Group, the parent company of the cryptocurrency exchange OKEx, announced a collaboration with the Nanjing Public Security Research Institute to apply blockchain technology in anti-money-laundering operations.

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ForkLog 19 22.06.2021

Elliptic estimates U.S. penalties against crypto industry total $2.5 billion

The total penalties on crypto startups and individuals since 2009 amounted to $2.5 billion. Elliptic analysts arrived at these estimates.

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ForkLog 23 30.04.2021

Experts urge tougher KYC/AML procedures to combat Bitcoin ransomware

A group of U.S. government and industry experts proposed strengthening compliance with KYC/AML procedures at an international level to reduce the number of ransomware attacks.

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ForkLog 15 14.04.2021

STEX founder: crypto-derivative platforms are the forex kitchens of the early 2000s

ForkLog continues its series of podcasts 'Explain Crypto', in which it speaks live with representatives of the crypto industry.

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ForkLog 13 09.04.2021

CipherTrace to Help DeFi Projects Comply with U.S. Sanctions

CipherTrace announced the launch of a Chainlink-based solution that will allow decentralized exchanges and other DeFi projects to comply with the United States Office of Foreign Assets Control (OFAC) sanctions regime.

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ForkLog 12 09.03.2021

Media: Bithumb to block users from high-risk jurisdictions

South Korean bitcoin exchange Bithumb has introduced new restrictions as part of its anti-money-laundering policy. The Korea Herald reports.

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ForkLog 12 26.01.2021

FinCEN extends comment period for proposed cryptocurrency-transaction regulations

The Financial Crimes Enforcement Network (FinCEN) within the U.S. Treasury extended the comment period for proposed cryptocurrency-transaction regulations by 60 days. This was announced on the agency's site.

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ForkLog 37 15.01.2021

BitPay users outraged by mandatory verification

BitPay customers were urged to switch to other processors amid the service's introduction of mandatory verification. This is stated in a post on the r/Bitcoin subreddit.

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