KYC

Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted

November 4, 2019
Kathryn Haun — a general partner at Andreesen Horowitz and the Justice Department’s prosecutor for the infamous Silk Road case —- says that the fiat-dominated financial system is inept at tackling the very thing it purports to worry about when it comes to crypto. In the traditional financial sector today, “99.9% of all money laundering

Maker (MKR) Angers Supporters with New KYC Future

September 26, 2019
The Maker DAO (MKR) is headed for a future that will mix crypto-based finance with traditional trustless assets. A recent Reddit discussion underlined the disagreement of the Maker DAO supporters with this path. MAKER PLANS TRADITIONAL ASSETS AS COLLATERAL Maker will also possibly add KYC to its onboarding process, once again defeating the purpose of decentralized finance

Swiss Regulator Releases AML, KYC Guidance for Blockchain Payments

August 30, 2019
Switzerland’s Financial Market Supervisory Authority (FINMA) has released guidance on regulatory requirements for payments on the blockchain under FINMA supervision. The new guidance for virtual asset service providers, published on Aug. 26, applies to blockchain service providers including exchanges, wallet providers and trading platforms. In its preface to the guidance, FINMA notes its adherence to

New Crypto Anonymity-Identity Wallet to be Launched

August 7, 2019
According to a recent press release, decentralized identity firm, Civic, and a blockchain security firm, BitGo, have announced plans to release a new wallet sometime in the last quarter of 2019. The new “Civic Wallet” will make use of Multisignature Technology from BitGo and will also support cryptocurrency as well as identity data while ensuring

South Korean Crypto Exchange Bithumb Launches Over-The-Counter Trading Platform

February 8, 2019
South Korea’s major virtual currency exchange Bithumb has officially launched an over-the-counter (OTC) trading desk under the Ortus brand, according to a press release published on Feb. 7. Hong Kong-based entity Bithumb Global Limited owns the rights to the Ortus brand, which specializes in services for institutional investors. After completing Know-Your-Customer and Anti-Money Laundering inspections,

QuantmRe Launches Security Token Backed by Property Assets

December 13, 2018
Property trading platform operator QuantmRe launched its security token EQRE, which is backed by fractional equity interests in US properties. QuantmRe, which operates a blockchain-based real estate trading platform, announced on Tuesday the launch of the EQRE security token, which allows qualified investors to get exposure to fractional equity interests that focus on US residential