What Is KYC, and Why Do Crypto Exchanges Require It?

When you arrange an account with a crypto trade, you will usually be requested to undergo the know-your-customer (KYC) course of. This is a regular id verification that main exchanges require for... Read more »

Facebook exec says stablecoins ‘probably’ require more regulation

SEC Chair Gary Gensler put ahead a wide-ranging view of potential cryptocurrency regulation at a Senate listening to this week, saying {that a} kind of digital asset referred to as stablecoins could... Read more »

US Treasury may require crypto transfers over $10K to be reported to the IRS

As central banks discover digital currencies, governments are rallying for elevated oversight of mercurial crypto property. A significant a part of the regulatory quagmire over digital cash considerations taxes. This yr, the... Read more »

Taiwan to Require Crypto Sector to Comply with AML Rules

Crypto exchanges and buying and selling platforms may have to comply with AML necessities for typical banks beginning 1 July. Taiwan’s FSC (Financial Supervisory Commission) has announced it’s going to introduce new... Read more »