A recent data breach involving Coinbase has reignited calls for a re-evaluation of Know Your Customer (KYC) requirements within the cryptocurrency industry. In December 2024, it was discovered […]
UK Crypto Users Face Stricter KYC Rules, Aiming to Combat Tax Evasion
The UK is implementing stricter KYC regulations for crypto companies starting January 2026, aiming to deter tax evasion in the digital asset sector. The move by Her Majesty’s […]
South Korea Tightens Crypto Rules for Exchanges & Nonprofits Starting June
Starting June, South Korea will enforce stricter KYC rules for crypto exchanges and nonprofits, aiming to enhance transparency and control of assets. The Financial Services Commission (FSC) mandates […]
South Korea Tightens Crypto Scrutiny with KYC Rules Amidst Increased Institutional Involvement
South Korea’s Financial Services Commission (FSC) has implemented stricter Know-Your-Customer (KYC) rules for cryptocurrency platforms in a move to combat money laundering risks. The new directive compels exchanges […]
South Korea Tightens Crypto Regulations Ahead of Foreign Investment Opening
South Korea’s Financial Services Commission (FSC) will impose stricter AML and KYC requirements starting May 2025 as the country prepares to open its cryptocurrency market to international investors. […]
Bybit Fixes Apple ID KYC Issue After User’s Funds Locked Out
Cryptocurrency exchange Bybit quickly resolved a technical glitch that led to user account access restrictions after an Apple ID-based Know Your Customer (KYC) verification system malfunction. The incident, […]
Top 5 KYC-Free Crypto Swap Platforms for 2025
In today’s crypto landscape, identity verification is increasingly important for most financial transactions. This creates a dilemma for users seeking privacy while still navigating the complexities of decentralized […]
Galxe Launches Passport V3 With Sumsub for Enhanced Web3 Onboarding
Galxe, a leading decentralized super app in the Web3 space, has released Passport V3, its upgraded KYC solution that streamlines user verification and now integrates with Sumsub. This […]
KuCoin Disputes Significant Decline in Bitcoin Holdings, Refuting Onchain School Report
KuCoin has vehemently refuted claims of a nearly 80% drop in its Bitcoin reserves, following a report from Onchain School that cited CryptoQuant data. The alleged decline, according […]
KuCoin BTC Reserves Plummet 77.6% After Mandatory KYC
Cryptocurrency exchange KuCoin experienced a significant drop in Bitcoin (BTC) reserves following the implementation of mandatory Know Your Customer (KYC) procedures in June 2023. An analysis from CryptoQuant […]
Gate.io Improves KYC Processes Through Partnership with UPBIT
Gate.io, a prominent cryptocurrency exchange, has announced an expansion of its Know Your Customer (KYC) verification services in collaboration with UPBIT, its European subsidiary. This move strengthens compliance […]
Binance Implements KYC Changes for South African Users
Binance has announced new Know-Your-Customer (KYC) requirements for South African customers sending and receiving cryptocurrencies. Effective April 30th, the exchange will require users to provide details such as […]
Binance India Enforces KYC Re-Verification Process
Binance India has implemented new KYC re-verification requirements for all its users, effective April 18, 2025, as per Indian AML regulations. This move follows regulatory demands and aims […]
Binance Implements KYC Re-Verification for Indian Users Amidst Regulatory Push
To comply with India’s anti-money laundering regulations, Binance has initiated a mandatory KYC re-verification process for all Indian users. This includes requiring PAN submission to meet legal requirements […]
Binance Implements KYC Renewal for Indian Users
Binance has initiated a Know Your Customer (KYC) verification process for its Indian users, requiring both new and existing members to re-submit their information. This move aligns with […]