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ITI Funds and Bitfury Team Up to Satiate Institutional Appetite for Cryptocurrencies

ITI Funds and Bitfury Team Up to Satiate Institutional Appetite for Cryptocurrencies

According to an article published by Institutional Asset Manager, on June 25, 2019, ITI Funds has collaborated with Bitfury Group to implement a process for cryptocurrencies transactions compliant with the KYC and AML procedures applicable to funds and investment management companies. This tool expands further ITI Funds’ crypto services.

27 JUNE 2019

FinCEN Says Some Dapps Are Subject to US Money Transmitter Rules

FinCEN Says Some Dapps Are Subject to US Money Transmitter Rules

Decentralized applications (dapps) may qualify as money transmitters under U.S. law in certain circumstances, the nation’s anti-money-laundering (AML) regulator said.

10 MAY 2019

Why crypto exchanges need KYC and AML

Why crypto exchanges need KYC and AML

Most clients do not want to provide their passport data to crypto exchanges, but it is the exact procedure that can help distinguish a trustworthy platform from fraudsters. However, there are not so many exchanges conducting KYC and AML.

5 APRIL 2019

Most Crypto Exchanges Still Don’t Have Clear KYC Policies: Report

Most Crypto Exchanges Still Don’t Have Clear KYC Policies: Report

The crypto exchange industry may be far less compliant than it appears.

28 MARCH 2019

Binance-Backed OTC Firm Releases Anti-Money Laundering Compliance-as-a-Service Product

Binance-Backed OTC Firm Releases Anti-Money Laundering Compliance-as-a-Service Product

Binance-backed over-the-counter (OTC) desk Koi Trading has partnered with IdentityMind, a platform for online risk management, to develop an Anti-Money Laundering (AML) compliance-as-a-service product. The development was announced in a press release published on March 12.

13 MARCH 2019

$75 for a KYC ID – Chinese Crypto Investors Find their Way into Binance Launchpad Projects

$75 for a KYC ID – Chinese Crypto Investors Find their Way into Binance Launchpad Projects

The second project offered on Binance Launchpad has fared a similar frenzy as the first BitTorrent Token (BTT) initial coin offering (ICO) on the platform – over 69 million FET snapped up in 22 seconds.

27 FEBRUARY 2019

Brazilian Bank Aims to Raise $15 Million Through Security Token Offering

A Brazilian investment bank is planning to raise millions of dollars through the offering of a security token.

21 FEBRUARY 2019

Cybersecurity Firm Ranks Safety of Top Crypto Exchanges

Prominent cybersecurity firm Group-IB has graded the security of top crypto exchanges, U.S.-based tech news media the Next Web reported Tuesday, Nov. 6.

8 NOVEMBER 2018

Regulators Are Landing Punches, But There's a Long Crypto Fight Ahead

The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.

24 SEPTEMBER 2018

Crypto Exchange ShapeShift's CEO Says Move to Collect IDs Was 'Proactive'

Cryptocurrency exchange ShapeShift's controversial decision to require user identities wasn't forced upon it but signified a "proactive" step to reduce legal risks, according to CEO and founder Erik Voorhees.

24 SEPTEMBER 2018

Bitmain introduces mandatory KYC

Bitmain, one of the biggest Bitcoin mining and the largest ASIC chip producer in the world, announced that the platform is introducing a Know-Your-Customer [KYC] policy. The announcement has led to the cryptocurrency community questioning the requirement of a KYC for a purchase.

24 AUGUST 2018

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