Blockchain Solution for FATF ‘Travel Rule’ to Keep User Data Private
CipherTrace is teaming with Shyft on a blockchain solution to help crypto firms meet tough new standards from the Financial Action Task Force.
Blockchain forensics firm Elliptic is now offering banks a product that aims to provide up-to-date risk profiles of more than 200 of the largest crypto exchanges around the world.
Around one third of the top 120 exchanges are "weak" when it comes to know-your-customer (KYC) verification, while two-thirds "lack strong KYC policies," the firm said.
The new KYC requirements come a week after Poloniex completed its U.S. exit.
VC Trade, the crypto exchange launched by SBI Holdings, is integrating a new wallet solution to help it comply with international KYC standards.
This is the inside story of how a "white hat hacker" approached Binance with inside information - and how it went wrong.