KYC News

Transak, a leading Web3 payments provider, is teaming up with privacy-centric decentralized identity platform Privado ID, formerly Polygon ID, to power a new decentralized authentication service called “Reusable KYC.” This Know Your Customer (KYC) sharing service is designed to enhance…

Prime brokerage firm Hidden Roads is set to stop offering its clients access to the Bybit crypto platform due to a disagreement over the exchange’s KYC/AML procedures. International prime broker Hidden Road is reportedly preparing to halt trading for its…

The real potential of cryptocurrencies heavily depends on integration with traditional finance, which in turn requires a well-developed and clever regulatory approach.

Cryptocurrency exchange Binance is tightening its KYC requirements for business clients.

The breach occurred in the lead-up to Aleo’s mainnet launch, which is being touted as a significant boost to transactional privacy in the crypto ecosystem.

Crypto exchange MEXC has reportedly initiated a crackdown on unverified users suspected to be from mainland China. According to Chinese blockchain journalist Colin Wu, citing sources within the local crypto community, MEXC has begun imposing restrictions on accounts of users…

Cryptocurrency exchange Binance has denied claims of a leak in its security system. After an X post claiming Binance user data was available on GitHub, Binance support noted in a post dated Feb. 5 that there are no leaks in…

Privacy tokens face challenges meeting crypto exchange listing criteria amid regulatory pressure, leading to an all-time low in liquidity, Kaiko’s data shows. In a recent research report, analysts at Kaiko have revealed that market liquidity for privacy tokens — including…

Iranian crypto trading platform Bit24.cash has apparently inadvertently exposed the sensitive data of nearly 230,000 users, according to recent research. According to an investigation conducted by Cybernews, the Iranian crypto exchange Bit24.cash misconfigured a high-performance object storage system instance, inadvertently…

Bitget, the world's 10th largest cryptocurrency exchange, is implementing comprehensive Know Your Customer (KYC) requirements for all English-speaking users. 

Uniswap (UNI) investors have been dumping the asset as the decentralized finance (defi) protocol started to charge swap fees. Uniswap founder Adam Hayden announced on Oct. 16 that the protocol will start charging a 0.15% swap fee to continue its…

Dmitry Machikhin, BitOK CEO, comments on Uniswap’s KYC hook inclusion, asserting its essential role in avoiding regulatory pressures and championing the move toward crypto-sector compliance. Uniswap to introduce KYC A hook designed to complete the know your customer (KYC) procedure…

Analysts say suspicious coin swap services are trying to maintain "an aura of legitimacy" by requiring clients to agree to fake AML policies.

The Seychelles-based exchange known as Bitget is adding the KYC process for its new users starting Sept. 1.  The company said in a statement that all the new users will have to complete the level one KYC verification for making…

In a recent community call, Basic Attention Token (BAT) founder Brendan Eich said they will implement on-chain BAT payouts without KYC

KuCoin has denied reports that it will lay off 300 workers, 30% of its workforce while conceding the potential of future personnel adjustments.