Search Results for: KYC/AML

November 20, 2021 @ 2:33 pm By Omar Faridi  |  

GB Group plc (AIM:GBG), which claims to be an expert in digital location, identity and identity fraud software, has announced that it reached an agreement to acquire Acuant, an identity verification and KYC/AML compliance provider, for a cash-free, “debt-free” enterprise value of $736 million. The… Read More

July 4, 2020 @ 3:34 pm By Omar Faridi  |  

LocalBitcoins, a leading peer to peer (P2P) Bitcoin (BTC) exchange, reported its financial results on July 1, 2020 for last year (2019). The P2P crypto exchange company recorded an annual revenue of €26.2 million (appr. $29.46 million), which represents a significant 10% increase when compared… Read More

April 11, 2019 @ 2:08 pm By Cali Haan  |  

The IMF’s Christine Lagarde hosted a panel discussion on “Payments in the Digital Age” at the IMF’s Spring Meetings held this week in Washington, DC. A video of the panel is provided by CNBC international TV and can be viewed here. Panelists included the ECB’s… Read More

March 29, 2019 @ 2:22 am By Cali Haan  |  

LocalBitcoins, a global web-based service founded in Finland that allows sellers and buyers of Bitcoins to coordinate sales and meetings has announced that it will be requiring users to provide proper identification from now on. The announcement follows the implementation of new laws governing such… Read More

February 9, 2018 @ 10:59 am By Samantha Hurst  |  

Barbados-based Shyft announced on Thursday the launch of its new blockchain-based KYC/AML network, which will allow users to securely obtain, store, inquire into, and work with compliance-satisfying data, helping them reduce costs and increase efficiency while deepening consumer data security. The company revealed: “The Shyft Network… Read More

September 11, 2024 @ 10:34 am By JD Alois  |  

Deverium has received €2 million in funding from the EU to pursue a digital identity service. Deverium is partnering with Corner Case Technologies on the project to create a reusable digital identity platform that targets international identity verification challenges. According to the company, the product… Read More

August 13, 2024 @ 10:02 pm By Omar Faridi  |  

Gemini has reportedly become the custodian for Path Crypto‘s managed portfolios platform. Since launching nine years ago, Gemini claims to have made it its mission to “be a responsible custodian powering the expansion of the cryptocurrency ecosystem.” To that end, Gemini is pleased to announce… Read More

April 3, 2024 @ 10:28 pm By Omar Faridi  |  

Matrixport, which claims to one of the leading digital assets ecosystems, recently unveiled its new prime brokerage service, Phoenix Prime. This breakthrough offers the first unified access “to the crypto market, featuring a tech-enhanced trading infrastructure with minimal microsecond latency, and a quant-driven, capital-efficient system… Read More

March 18, 2024 @ 12:06 am By Michael Wong  |  

Blockpass, a UK-based provider of compliant identity verification solutions for Web3, and Animoca Brands, a Hong Kong-based company known for advancing digital property rights in gaming and the open metaverse, announced a strategic partnership on to foster a more secure and compliant Web3 environment. The… Read More

December 23, 2023 @ 11:14 am By Omar Faridi  |  

Effective January 1, 2024, virtually all new companies being incorporated in the United States will need to “comply with the Corporate Transparency Act (CTA),” the team at Carta noted. As explained in a blog post by Carta, this new law will “require them to submit… Read More

December 18, 2023 @ 7:17 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) states that the court deciding the case against Binance and its founder Changpeng “CZ” Zhao has formalized the settlement of a $150 million civil monetary penalty personally against Zhao, and Binance to disgorge $1.35 billion of “ill-gotten” transaction fees… Read More

December 13, 2023 @ 3:20 pm By JD Alois  |  

Dalmore Group, a regulated broker-dealer active in online capital formation, has announced a new service labeled Dalmore Connect. The goal is to simplify the process of launching an online securities offering even simpler. Under the various securities crowdfunding exemptions, companies may raise money online in… Read More

November 29, 2023 @ 9:44 am By Omar Faridi  |  

Sumsub announces the first integrated solution for user verification, anti-fraud and compliance in gaming enabling both platforms and operators to seamlessly cover the entire player lifecycle and maximize revenue while “staying compliant with all regulations and guidelines.” With this launch, Sumsub claims that is the… Read More

November 22, 2023 @ 12:20 pm By JD Alois  |  

At the end of last month, FATF (Financial Action Task Force) published a report on crowdfunding and the funding of terrorism. While the two sides of the discussion may seem to be unrelated, bad actors are always looking for a path to cover their tracks,… Read More

October 20, 2023 @ 5:46 pm By Omar Faridi  |  

Onramp, a Bitcoin asset-management platform, announces its official launch, marking a “step-function” improvement in bitcoin custody. Onramp’s approach to bitcoin custody, product offerings, and research and education aims to establish “a new industry standard for sophisticated investors.” As noted in an update shared with CI,… Read More

September 2, 2023 @ 10:13 am By Michael Wong  |  

In the rapidly evolving world of the internet, transitioning from Web2 to Web3 has become imperative for businesses around the globe. However, this transition poses significant challenges, such as identity interoperability, technical security, and user experience. KryptoGO, a player in the regulatory technology space, has… Read More

August 31, 2023 @ 9:26 am By Omar Faridi  |  

Algbra, the global ethical and Sharia-compliant technology platform with its UK finance app, has been awarded B Corp status “after demonstrating its credentials of the highest ESG standards.” This reportedly makes Algbra one of the few financial institutions in the UK “to achieve this status,… Read More

June 28, 2023 @ 12:59 pm By JD Alois  |  

Deloitte Switzerland has partnered with Polimec to provide reusable KYC or know your customer. These credentials will be using Polkadot, and the “banking grade” KYC credentials will be issued by Deloitte. The company explains that this information will be utilized to empower the global fundraising… Read More

June 22, 2023 @ 3:31 pm By JD Alois  |  

Detractors of digital assets, or crypto, typically point to the utilization of crypto to pursue nefarious activities such as money laundering. Rules exist for financial transactions regarding “know your customer” (KYC) and “anti-money laundering” (AML), but they are enforced to various degrees depending on the… Read More

May 22, 2023 @ 12:22 pm By Omar Faridi  |  

Modak, a fintech company for teens and families in the US, has partnered with digital identity company Yoti to “enhance safety features for teens on its platform.” Since launching in December 2022, 25,000 teens “have signed up for Modak using Yoti’s facial age estimation technology.”… Read More