Are non-KYC crypto exchanges as safe as their KYC-compliant peers?
While most crypto exchanges have begun implementing KYC mandates, investors still have the choice to opt for crypto exchanges that promote greater anonymity by not imposing KYC. Many see implementing Know Your Customer (KYC) tools in crypto as a deterrent to the Bitcoin (BTC) Standard, which has predominantly promoted anonymized peer-to-peer transactions. However, regulators stay put on promoting KYC and anti-money laundering (AML) implementations as a means to ensure investors’ safety and protection against financial fraud. While most crypto exchanges have begun implementing regulatory....
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As delisting for privacy coins spreads, advocates argue that not only should regulators want them on exchanges but they should tell exchanges what they need to do to be compliant.
Albanian authorities have Faruk Fatih Özer in custody, waiting for questioning and cooperation with the Turkish government. The saga of the defunct Turkish crypto exchange, Thodex, continues as its fugitive founder is now in custody in Albania. Local law enforcement detained Faruk Fatih Özer in an operation carried out at 05:30 AM (UTC) on Tuesday, Aug. 30, in the country’s capital city Tirana.According to a report by Cointelegraph Turkey, Özer is currently held in custody. After initial questioning, the Turkish embassy in Tirana will be informed by local authorities. Both the Turkish....
Maidsafe CEO David Irvine has provoked controversy by successfully applying for a code patent to protect that innovations of his Safe Network project. The Safe Network aims to build a new, decentralized internet infrastructure with no need for servers. Instead a peer to peer network will be employed, powered by its own cryptocurrency called Safecoins. Some users will then provide resources such as disk space to the network in return for Safe Coins, while others will purchase additional resources using the coins. To protect privacy and ensure maximum security all data is shredded and....
The prompt cancellation comes after strong community pushback relating to the requirement of a facial recognition scan in order to receive the deposit bonus. Decentralized crypto derivatives exchange dYdX says it has ended its short-lived and contentious $25 first deposit bonus promo amid a wave of backlash over its facial recognition requirements for new users. The exchange, however, simply cited “overwhelming demand” as the reason for its short-lived promotional campaign, which ended on Thursday “effective immediately.”Due to extremely overwhelming demand of the $25 deposit bonus....
New DIAx Reference Prices and Indices provide transparent and regulatory compliant performance measures for individual digital assets and baskets of digital assets, calculated by Morningstar Indexes, part of Morningstar, Inc. DIA, the open-source data platform for decentralised finance, together with global benchmark provider Morningstar Indexes, part of Morningstar, Inc., today announced the release of ‘DIAx’ – regulatory compliant reference prices and indices that will enable investors to benchmark and access digital assets via traditional markets. The DIAx family initially....