News
Pedro Sánchez announced that Spain would implement several changes to laws impacting social media platforms starting next week, with potential criminal liability for executives.
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KYC News
Know Your Customer, or KYC, compliance means collecting certain information from customers to confirm their identities and to comply with any regulatory requirements. These requirements can include aspects such as restricting access to citizens of a certain jurisdiction. Depending on the involved country, laws and regulations often obligate businesses to complete KYC processes.
KYC has become more common in the crypto space, in line with increasing regulatory overwatch. Binance KYC became a more significant talking point after the exchange announced in 2019 that it would ban customers of certain regions, such as the United States. KYC and AML, or Anti-Money Laundering — the process of verifying customers and the source of their funds — often go hand in hand.
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Bybit’s upcoming neobank launch via Tether-backed Pave Bank highlights the regulatory hurdles and challenges that crypto exchanges face when entering traditional finance.
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Crypto exchange Bybit said its new “My Bank” accounts will give users personal IBANs, instant fiat access, multi-currency transfers and crypto trading under their own name.
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OKX says the card supports USDC and USDG spending, is issued via Monavate on Mastercard’s network and is available to verified EU users.
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Insider trading is hard to curb on non-KYC prediction markets, but even identity checks do not fully eliminate abuse, according to Messari’s Austin Weiler.
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The UK is weighing an Australia‑style ban on social media for under‑16s, as regulators ramp up enforcement of the Online Safety Act.
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Tightening KYC regulations and growing scrutiny on the digital economy are triggering more investor demand for privacy-preserving digital assets like Monero.
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Star Xu defended freezing $40,000 in stablecoins after a user admitted buying verified accounts, with the exchange citing strict KYC and AML obligations.
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Tax and other regulatory agencies in India claim that cryptocurrencies and permissionless blockchain tech undermine tax collection.
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Binance let a network of 13 high‑risk accounts move $1.7 billion in crypto, including $144 million, after its 2023 US plea deal, according to the Financial Times.
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Instead of retrofitting a global model, the platform constructed a ground-up architecture that holds 31 money transmitter licenses across 42 authorized states.
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Toobit CEO Ray Lee explains how modern exchanges can ensure compliance through “Know Your Transaction” technology, rather than relying on forced ID checks.
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Operated by SoftBank, the backer of one of the world’s top 10 public Bitcoin holders, PayPay is integrating with Binance Japan ahead of its expected US IPO in December.
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Tangem Pay enables users to spend Circle’s USDC stablecoin worldwide through a virtual Visa card that connects directly to Tangem’s self-custodial hardware wallet.
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The modular platform includes automated KYC/AML, real-time cap table management and simplified tools for asset issuance.
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