Tag: KYC
AI deepfakes are getting better at spoofing KYC verification: Binance exec
Deepfake technology used by crypto fraudsters to bypass know-your-customer (KYC) verification on crypto exchanges such as Binance is only going to get [...]
New White House standards strategy could have implications for crypto industry KYC
The administration of United States President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The st [...]
Neobank introduces soulbound NFTs for wallet holders’ KYC information
The neobank Cogni has announced that it is rolling out soulbound nonfungible tokens containing Know Your Customer (KYC) information to holders of its [...]
Bybit to introduce mandatory KYC requirements starting May 8
Starting May 8, Know Your Customer (KYC) identity verification will be mandatory for all products and services offered by cryptocurrency exchange Bybi [...]
Binance launches internal investigation following KYC bypass rumors
A recent article surfaced alleging that Binance employees and volunteers were assisting Chinese users on how to bypass Know Your Customer (KYC) and ot [...]
Binance employees allegedly help customers in China bypass KYC controls
Binance, the world’s largest cryptocurrency exchange, has made significant efforts to be a leader in transparency in the industry since the FTX scanda [...]
Binance Users in China, Elsewhere, Evade KYC Controls With Help of 'Angels': CNBC
Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to get a Binance deb [...]
Russians Use Tether to Send Money to the West, Evading Sanctions and KYC – Transparency International
Nevertheless, there are still ways to move tens of thousands in cash across the Russian border without declaring them at customs control. For instance [...]
Pakistan banks agree on blockchain-based KYC system development
Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platfo [...]
Why zero-knowledge KYC won’t work
The emergence of blockchain technology presents an opportunity to reexamine and innovate solutions used in our day-to-day life. Blockchains and, broad [...]
North Korean hacking activity ceases after regulators implement KYC
According to a new press report published by South Korea's National Intelligence Service (NIS), North Korean hackers have stolen more than 800 billion [...]
Digital identity platform integrates with zkSync for on-chain KYC
RNS.id, a digital Web3 identity platform developed to support the application and issuance of sovereignty-backed IDs, announced on Nov. 30 that it is [...]
Equifax—known for huge data breach—is building a Web3 KYC solution
Credit reporting company Equifax, known for suffering from one of the largest customer data breaches to date, has partnered with blockchain company Oa [...]
KYC to stake your ETH? It’s probably coming to the US
Over the last few years, the cryptocurrency industry has been a primary target for regulators in the United States. The legal battle between Ripple an [...]
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner
Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensur [...]