SBI Crypto Exchange Adopts Tech to Help Meet FATF Standards
VC Trade, the crypto exchange launched by SBI Holdings, is integrating a new wallet solution to help it comply with international KYC standards.
A new Financial Action Task Force report says the U.S. is largely in compliance with its recommendations around digital assets, but still has some "minor deficiencies" in its state and federal framework.
The new KYC requirements come a week after Poloniex completed its U.S. exit.
Users of the BlueWallet app can now view available trades on Hodl Hodl, with trading coming soon.
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.