#KYC

Highlights: OKX launched a crypto aid campaign for La Guaira users affected by Venezuela’s recent earthquake. Eligible users can receive 20 USDT directly after OKX verifies their registered address details. The exchange says no claim code, extra registration, or qualifying […]

Highlights: Law enforcement groups warn that Section 604 could weaken crypto crime oversight and enforcement tools. The letter says broad exemptions may help criminals avoid AML, KYC, and BSA safeguards. Groups support crypto innovation but want strong rules for mixers, […]

Highlights: India has tightened KYC rules for crypto users with live selfie checks and regular data updates. Exchange breaches accelerated stricter onboarding, monitoring, and AML enforcement across platforms. Privacy coins, ICO limits, and high taxes continue to shape India’s cautious […]

Highlights: Users say OKX froze accounts despite clearing all KYC and verification steps. Xu admitted false positives still occur, and strict checks can affect compliant users. OKX defended actions as necessary under global rules, promising that user data remains secure. […]

Highlights: South Korea will apply stricter KYC rules as it begins to allow some institutional crypto trading in June. Crypto policy takes center stage in South Korea’s 2025 election, with candidates backing ETFs and stablecoins. The Digital Asset Basic Act […]

Highlights: Pi Network’s Open Network phase will launch on February 20 at 3:00 AM UTC. It will connect with external blockchains, businesses, and exchanges. OKX will launch the Pi token on February 20, with deposits starting February 12. On February […]

Highlights: FTX will distribute funds to creditors under $50,000 starting February 18, 2025. FTX partnered with Bitgo and Kraken to distribute funds, bypassing direct payments. The firm found $345 million in non-KYC claims under $50,000, stressing compliance and fraud prevention. […]

Highlights: KuCoin pleads guilty to money-transmitting fraud in the U.S. KuCoin suspends U.S. operations for two years as part of the deal. Founders step down, while KuCoin focuses on better compliance and security. According to a Bloomberg report, KuCoin, a […]

Highlights: Germany seized 47 crypto exchanges for violating anti-money laundering regulations. The operators are accused of concealing the origins of criminally obtained funds on a large scale. The crackdown aligns with Germany’s broader strategy to combat cybercrime and strengthen regulations. […]

Highlights: BitMEX admits guilt in breaching the Bank Secrecy Act. Despite claiming to leave the US market, the exchange actively solicited American traders. In 2022, three BitMEX co-founders pleaded guilty to violating AML laws under the BSA. Crypto exchange and […]

Highlights: KuCoin will implement a 7.5% VAT on transaction fees for Nigerian users starting July 8, 2024. The VAT applies to transaction fees, not transaction amounts, affecting users with Nigerian KYC information. This move follows Nigerian government’s increased scrutiny of […]