KYC

BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls

BitMEX, which has been charged by the U.S. government and a regulator with facilitating unregistered trading, has accelerated its mandate for all customers to verify their identities by Nov. 5, three months earlier than its original deadline of early February. Stronger identity verification requirements is an industry trend, said Ben Radclyffe, commercial director of the …

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Bitcoin.com Exchange Announces Public Sale of the Atari Token on October 29, 2020

<div class=”featured_image_container”> <img width=”1280″ height=”720″ src=”http://scoreit.online/wp-content/uploads/2020/10/b66955e3-e5ed-45c4-980b-b42dfe7e6086-1280×720-1.jpeg” class=”story__img article__poster” alt loading=”lazy” srcset=”http://scoreit.online/wp-content/uploads/2020/10/b66955e3-e5ed-45c4-980b-b42dfe7e6086-1280×720-1.jpeg 1280w, https://news.bitcoin.com/wp-content/uploads/2020/10/b66955e3-e5ed-45c4-980b-b42dfe7e6086-190×107.jpeg 190w, https://news.bitcoin.com/wp-content/uploads/2020/10/b66955e3-e5ed-45c4-980b-b42dfe7e6086-380×214.jpeg 380w, https://news.bitcoin.com/wp-content/uploads/2020/10/b66955e3-e5ed-45c4-980b-b42dfe7e6086-760×428.jpeg 760w, https://news.bitcoin.com/wp-content/uploads/2020/10/b66955e3-e5ed-45c4-980b-b42dfe7e6086-1520×855.jpeg 1520w” sizes=”(max-width: 1280px) 100vw, 1280px”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/398623″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/lottery_major_1456x360_bch-5.jpg” alt width=”1456″ height=”360″></a></div><ul> Price per Atari Token: $0.25 IEO platform has been enabled for prospective purchasers to pass …

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BitMEX operator hires chief compliance officer amid US criminal charges

The operator of crypto derivatives exchange BitMEX, 100x Group, has hired a seasoned Anti-Money Laundering (AML) specialist, Malcolm Wright, as its chief compliance officer. In an announcement on Oct. 12, the 100x emphasized Wright’s profile as the current chairman of the Advisory Council and AML Working Group at Global Digital Finance, and as a speaker …

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More than half of all crypto exchanges have weak or no ID verification

More than half of all exchanges worldwide have weak KYC identification protocols — with exchanges in Europe, the U.S. and U.K. among the worst offenders, according to a new study by blockchain analysis firm CipherTrace CipherTrace analyzed more than 800 decentralized, centralized, and automated market maker exchanges and found 56% of them did not follow …

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BitMex denies CFTC and DoJ allegations, says trading will continue

In a blog post published Thursday afternoon, Bitmex lashed out at charges that the Commodity Futures Trading Commission and Department of Justice filed against the exchange and its management earlier today. Bitmex’s statement claimed that “From our early days as a start-up, we have always sought to comply with applicable U.S. laws, as those laws were understood at the time …

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The Tell Tale Signs of a Scam Crypto Website: Bitcoin-Up.Live

From late March 2020, when the global pandemic Covid-19 paralysed many economies, the appeal of cryptocurrencies has grown. Several statistics show increased interest from downloaded wallet apps to peer-to-peer traded volumes. In many ways, this interest in bitcoin and altcoins is evidence that the policies of central banks are failing. Many professional investors, as well …

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Alongside today’s sanctions, the US charges operators of Russian troll farm with fraud for using U.S. IDs to start crypto accounts

The U.S. filed criminal charges against Russian national Artem Lifshits for his management of an affiliate of the infamous Internet Research Agency, which U.S. authorities accuse of interfering in the 2016 election. The new complaint alleges that Lifshits has managed the translator department of Project Lakhta since 2017, in which capacity he illegally obtained U.S. identification …

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CEX.IO to Offer Instant Cryptocurrency-Backed Lending Service in 217 Countries and Territories

LONDON, the United Kingdom – CEX.IO, one of the largest international exchanges in the cryptocurrency market, is set to launch a digital asset-backed lending service in September. Available in 217 countries and territories – including Australia, the United Kingdom, the European Union, and most nations in Asia – CEX.IO LOAN will allow various cryptocurrency market …

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Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint

Chilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition (TDLC), which must rule on the case. The Itau Bank, which initially reported the …

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Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End

Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies. According to regional media reports, Brazilian firms that specialize in cryptocurrency custody services, brokerage services, and exchanges …

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