Netherlands-Based Coinbase Customers Must Submit KYC Data When Transferring Crypto Off-Platform – Bitcoin Regulation News

Netherlands Based Coinbase Customers Must Submit KYC Data When Transferring Crypto

Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands to comply with the Sanctions Act 1977, a law that recently enforced know-your-customer (KYC) guidelines. ) to non-custodial portfolios. If the person living in the Netherlands wants to send crypto to a third-party wallet through Coinbase, they … Read more

A Zealous Coinbase Imposes Additional KYC Requirements For Its Dutch Users – CryptoActu

A Zealous Coinbase Imposes Additional KYC Requirements For Its Dutch

From June 27, Coinbase users residing in the Netherlands will be required to provide detailed recipient information when transferring assets off the platform. L’exchange very eager to show its credentials to regulators anticipates the constraints of the “travel rule” recommended by the Financial Action Task Force (FATF). A zeal for the best effect in a … Read more

Binance Strengthens Security Measures By Reinforcing KYC Filtering And Sanctions

Binance Strengthens Security Measures By Reinforcing KYC Filtering And Sanctions

To ensure compliance with sanctions and protect the platform from the potential risk posed by illicit crypto transactions, well-established cryptocurrency exchange Binance has partnered with two companies, including data analytics firm Kharon and the Neterium cloud-native filtering provider. As announced on Wednesday, the partnership aims to strengthen the exchange’s know-your-customer (KYC) protocols and improve sanctions … Read more

Crypto Exchanges Are Now Required To Store KYC Data For 5 Years. Is It A Yes Or A No From The Industry? – Tech Tribune France

In a bid to improve India’s cybersecurity and cryptography infrastructure, the Computer Emergency Response Team India (CERT-In) has mandated all virtual private network (VPN) providers and exchanges cryptographic to retain customer data records for up to five years. The rules will come into force in June 2022. According to CERT-In, which falls under the Ministry … Read more

Why Do Crypto Exchanges Do KYC When They Are Based On Decentralized Technology? – Tech Tribune France

1648017844 Why Do Crypto Exchanges Do KYC When They Are Based

Regulators introduced KYC standards for crypto trading Blockchain technology, on which the crypto industry is based, is touted as a fascinating development that brings transparency in monetary transactions. Despite some volatility, the crypto industry has seen an overall gain over the past two years. And, financial experts believe it should remain a booming industry for … Read more