BlackRock’s views on KYC will likely carry weight in the ongoing struggle for regulation on the industry, given its ETF application.
AI deepfakes are getting better at spoofing KYC verification: Binance exec
The technology is getting so advanced, deepfakes may soon become undetectable by a human verifier, said Jimmy Su, Binance’s Chief Security Officer.
Federal Reserve’s FedNow will integrate with Metal Blockchain
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
New White House standards strategy could have implications for crypto industry KYC
The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID.
Neobank introduces soulbound NFTs for wallet holders’ KYC information
The small New York-based neobank is seeking to improve crypto users’ experience by melding Web3 features and digital banking.
Bybit to introduce mandatory KYC requirements starting May 8
Users without Know Your Customer verification had a daily withdrawal limit of 20,000 USDT on Bybit prior to the announcement.
Ethereum researcher says staking reveals IP address sparking privacy concerns
A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user’s IP address information.
T. Rowe Price, WisdomTree join Avalanche subnet for forex testing
If initial tests are successful, the firms will expand their activities into tokenized credit issuance and equities.
Jane Street, Tower Research and Radix are Binance’s ‘VIP’ clients in CFTC suit: Report
The firms were cited anonymously in the CFTC’s complaint describing Binance’s alleged facilitation of U.S. clients.
Masa announces soulbound ID tokens for Coinbase’s Base Network
The token protocol can be used for a wide variety of applications, including membership badges, loyalty programs, decentralized captcha bots, and credit underwriting.
DeFi KYC: Not an issue as ‘99% have nothing to hide,’ industry execs say
Traditional finance observes “money laundering happening every day” despite rigorous KYC measures, according to DeFi industry execs.
Top 7 legal and compliance jobs in the crypto market
Explore essential skills for top legal and compliance jobs in the crypto market.
Binance launches internal investigation following KYC bypass rumors
Following allegations that Binance employees and volunteers help users bypass KYC protocols, the crypto exchange says it is launching an internal investigation.
Binance employees allegedly help customers in China bypass KYC controls
A new investigation claims that users around the world are manipulating Binance’s billion-dollar security protocols through inside help.
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 debit card, CNBC reported, citing Chinese-language chatroom messages it translated.
Banks with crypto services require new Anti-Money Laundering capabilities
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
Coinbase CEO hints its new layer-2 network could include AML measures
Brian Armstrong said centralized firms have a responsibility to monitor transactions and carry out AML checks.
Pakistan banks agree on blockchain-based KYC system development
The blockchain-based national eKYC banking platform aims to strengthen Anti-Money Laundering capabilities while countering terror financing.
Crypto Long & Short: Decentralized Exchange Research Ramps up
This week, Glenn Williams Jr. argues that decentralized exchanges (DEXes) have an intriguing road ahead amid the wreckage of FTX. Then, Kelly Chambers of THEIA8900 notes the digital-asset myopia among financial advisers focused on bitcoin (BTC) and Ethereum’s ETH.
Why zero-knowledge KYC won’t work
Blockchain technology — including zero-knowledge proofs — doesn’t yet provide adequate solutions for identity verification.