Binance to Issue Tokens to Users Who Complete KYC Checks
With the tokens, people will be able to join building projects on the BNB chain after they have successfully completed their KYC checks. A public announcement says that the cryptocurrency exchange Binance plans to give all users who meet “know-your-customer” (KYC) requirements a “soulbound” token on the BNB blockchain. Soulbound tokens, which in this case […]
Edge crypto exchange announces no-KYC digital currency Mastercard
Edge, a self-custody crypto exchange, revealed that it will offer a no-KYC debit Mastercard that can accept Bitcoin and other digital currencies funding. Users would be able to spend their bitcoin at more than 10 million merchant terminals in the United States without KYC verification. Currently, the Edge Mastercard may be funded directly from the […]
Binance users to be subjected to immediate KYC verification amid ongoing scrutiny
Binance has been the target of regulatory scrutiny from countries all around the world, allegedly conducting unlicensed companies. The crypto exchange has publicly announced new know your customer (KYC) criteria for all users on the site as a response to the continuing scrutiny. “Effective immediately, all new users are required to complete Intermediate Verification to […]
FTX CEO believes KYC tools can be useful to the US crypto market
FTX is putting in measures to adapt to the issues of regulations around the crypto industry, considering the fact that many crypto firms have had to close their doors because of the ongoing government scrutiny. FTX CEO Sam Bankman-Fried has been public about his continuous efforts to adapt to evolving restrictions around running crypto firms, […]
Bybit exchange implements Know Your Customer (KYC) rules
The world’s fifth-largest cryptocurrency derivatives exchange Bybit is implementing KYC rules to improve security and the exchange also believes the addition will lead to a significant increase in trading volumes. Bybit, the world’s fifth-largest bitcoin derivatives exchange by trading volume, is considering implementing Know Your Customer regulations. The Singapore-based firm made repeated announcements about implementing […]