Latest KYC News

Financial Transactions Analysis and Reporting Center of Canada (FINTRAC) has updated KYC rules for cryptocurrency service providers.
South Korean bitcoin exchange Bithumb has introduced new restrictions as part of its anti-money laundering (AML) policy.
This new KYC policy means that users based in the Netherlands must add their off-exchange cryptocurrency addresses to Bitstamp’s whitelist.
LegacyFX Partners With Sum and Substance Ltd
Jan 15, 2021
Shulammite Edheri
LegacyFX has announced their collaboration with Sum and Substance Ltd., a UK based KYC and AML compliance firm, across all our platforms.
In a landmark move, South Korea's parliament has recognized crypto trading as legal in the country. The move comes after two years of deliberations.
FINRA has fined JP Morgan Securities and 4 other firms a total of $1.4 million for failing to comply with the bank’s KYC rules.
Paraguay is preparing crypto regulations in the first half of 2020. In an attempt to regulate the crypto industry, Paraguay will audit the crypto firms.
Researcher Shows How to Hack Nano Ledger
Dec 24, 2019
MD Rockybul Hasan
Security researcher Saleem Rashid has discovered a serious flaw. He has shown how to hack cryptocurrency hardware wallet like Nano Ledger.
According to Lael Brainard, 50% of bitcoin transactions associated with illegal activity. One in four people who use bitcoin (BTC) is a criminal.
New Crypto Regulation is coming to Europe in 2020
Dec 18, 2019
MD Rockybul Hasan
From 10 January 2020, new crypto regulation, Fifth Anti-Money Laundering Directive are coming to Europe, requiring KYC, and monitoring all transactions.