Not only is it unrealistic, but it is also bad for the entire crypto industry to expect exchanges to send KYC or know-your-customer information to recipient platforms – a process that must be done in every transaction there is. Apparently, this is an idea brought by Chainanalysis as a response to a draft recommendation.
Cryptocurrency News
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Ethereum Core Devs Discuss Benefits Of Frequent Hard Forks
Last updated: December 10, 2019, 9:09 am Cryptocurrency NewsA certain group involving a number of veterans of Ethereum’s open-source developers talked about the idea of how often the altering of consensus should be. During the meeting, they talked about the possibility of having system-wide upgrades – also known as hard forks.
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Digital Asset Gets Cloud Computing Giant VMware As Partner
Last updated: April 12, 2019, 6:06 am Cryptocurrency NewsDigital Asset has managed to acquire another partnership, one that is deemed high-profile. The enterprise-focused distributed ledger tech startup revealed the news recently. Here is everything about it in a nutshell.
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Binance, CipherTrace Team Up For Latest Compliance Push
Last updated: April 12, 2019, 5:59 am Cryptocurrency NewsIt seems Binance is looking to make more huge steps in the sector. Apparently, the Malta-based crypto exchange is planning to bring forth a multi-pronged push in an attempt to significantly boost compliance procedures across its own platform.
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Think Tank Criticizes SEC’s Approach to Cryptos
Last updated: April 12, 2019, 5:51 am Cryptocurrency NewsThe senior fellow at the Libertarian research organization Competitive Enterprise Institute, John Berlau criticized the US SEC (Securities and Exchange Commission) for its approach towards regulations for cryptocurrencies.
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France to Lead Blockchain Adoption in EU, Prepares for Paris Blockchain Week Summit
Last updated: April 11, 2019, 10:27 am Cryptocurrency NewsBlockchain promises to be a transformative technology that will impact multiple sectors, including the financial industry. Given that it’s still at an emerging stage,…
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South Korea Looking To Use Blockchain For Defense Business Operations
Last updated: April 11, 2019, 8:14 am Cryptocurrency NewsThe military acquisitions agency of South Korea is looking to launch a blockchain pilot project. The decision to do so has something to do with its aim to significantly improve business operations in the defense sector. Here is everything about it in a nutshell.
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Bain Capital, Xpring Invest In ‘Scout Fund’
Last updated: April 11, 2019, 8:11 am Cryptocurrency NewsRobert Leshner is known for being the very founder of Compound Finance, which is a cryptocurrency money market. He is a decentralized finance entrepreneur who is currently looking to back a good number of young companies that are fond of utilizing institutional cash.
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Coinbase Launches Visa Debit Card for EU & UK
Last updated: April 11, 2019, 7:57 am Cryptocurrency NewsMajor United States-based cryptocurrency exchange Coinbase has launched a new product for its customers in the United Kingdom and the European Union – a Visa debit card. Now, Coinbase users can spend their cryptos directly from their wallets without having to convert them to fiat currencies first.
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Token Taxonomy Act Reintroduced
Last updated: April 10, 2019, 6:54 am Cryptocurrency NewsAccording to a press release issued on April 9, legislators in the United States House of Representatives have reintroduced a bill called the Token Taxonomy Act, in which cryptocurrency tokens are excluded from classification as a security.
