Category: KYC

Crypto Derivatives Exchange Bybit To Introduce Stringent KYC Policy

The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain…

Revised Bill ‘On Virtual Assets’ Aims To Regulate Ukraine’s Crypto Space This Summer

The Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory…

Dutch Central Bank Revokes Strict Verification Rules For Crypto Exchanges

The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers…

How African Users Can Buy And Trade Bitcoin Cash Without Facing KYC Or Geoblocking Hurdles

Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked…

Central Bank Of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described As An ‘Attack On All Fintechs’

The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include…