KYC

85 Articles 3 Followers


Why I HATE KYC, (#2) And Why You Should Too...

19 Nov 2021 2 minute read 2 comments CodyMac50 $0.04

I want to be clear about KYC. Everyone already knows that to open a bank account, you need to provide proof of identity. we have been doing this for as long as the banking system has been around. But crypto is not that old, corrupt, elite system.In a...

WHAT YOU SHOULD KNOW ABOUT KYC

14 Oct 2021 9 minute read 1 comment Heyoan $0.05

 As recently as 5 or 6 years ago, few people knew what cryptocurrencies were and how blockchain technology worked. Cryptocurrencies were unregulated, so you could maintain complete privacy and enjoy anonymity. Little of it. Many investors believed th...

Electroneum's KYC is a textbook example why you should either stick to decentralized Crypto or just open a bank account

8 Oct 2021 2 minute read 2 comments Kovichni $0.63

Yes I said the b word which caused us all so much pain, insult and degradation, banks. For those not familiar with ETN, it's a "mobile focused" Crytpo which was actually quite a hype a few years ago, but quickly fell from grace when people started se...

Why Is KYC Important For Crypto Exchanges And Why Does Binance Take KYC Seriously?

28 Sep 2021 3 minute read 2 comments RitabeII $0.12

Recently, Binance, one of the biggest centralized exchanges, made it mandatory for users of its platform to verify their accounts by meeting KYC requirements. This comes as the exchange seeks the approval stamp of regulatory agencies around the globe...

Here’s What New Users Need to Know About Trading on the KuCoin Exchange: Part Two

7 Sep 2021 3 minute read 10 comments Justino $0.78

Here’s What New Users Need to Know About Trading on the KuCoin Exchange: Part Two In this second series, we focus on the intricate process of KYC (Know Your Customer).  So Why KYC (Know Your Customer)? In order to continue to be one of the most trust...

Turkey "adds crypto firms to money laundering and terror financing rules". But what does this really mean?

1 May 2021 1 minute read 0 comments Kovichni $0.06

Today, Ankara implemented a new law which is set to take effect immediately regarding Crypto firms. Further more, a Turkish state newspaper reported that cryptocurrencies would be deemed as assets or goods under Turkish law in the next few weeks and...

Keeping Personal Data More Secure - DECENTRALIZED KYC CHECKS

9 Apr 2021 3 minute read 2 comments kev_nag $1.20

INTRODUCTION Some services and individual tokens are open for unverified use by all. But to comply with regulatory authority, certain services and tokens require KYC (Know Your Customer), without which you are shut out of a plethora of financial vehi...

KYC & AML - Who Does It Actually Protect & What Are Their Real Purposes

2 Apr 2021 9 minute read 9 comments BitcoinGordon $1.72

Floating opposites are a poetic form of literary expression. They're used in speech-writing, wordsmith copy-writing, and often built into a good movie script if you pay close attention. I like ironic opposites. Silly example: when you get to the end...

A U.S. Day Trader's Wish List: Will The Big Bad Bankers Listen?

31 Mar 2021 11 minute read 0 comments BitcoinGordon $2.28

Crypto Gordon Freeman here. Since briefly setting aside my crowbar, I've managed to spend more than a little time learning about this crazy thing called cryptocurrency. Apparently, a bunch of computers get plugged in to a network and validate ledger...

Why Did KuCoin Sneak Up and Leave A Shiny Turd on Me? A KYC Cautionary Tale of Sadness and Rage

27 Mar 2021 4 minute read 62 comments PopPopPrego $4.46

I can't claim to know if what happened to me is because I live in the USA, which I am learning quickly is one of the worst countries to try to enjoy Cryptoworld. I hope so for all your sake, but in case not, you should read what my experience has bee...