The 200 crypto exchanges in South Korea may face closure by September as per Eun Sung-soo, the chair of South Korea’s Financial Services Commission. The decision would be based on the new anti-money laundering laws(AML) that came into force last year and also included cryptocurrencies. As per new regulations, crypto exchanges operating in the country

The post Breaking: All 200 South Korean Exchanges May Shut Down Says Regulator appeared first on Coingape.

CryptoNinjas » Money market protocol Konomi integrating DID from Litentry to better adjust collateral rates

Litentry, a cross-chain decentralized identity (DID) aggregator, today has announced a new collaboration with Konomi, a decentralized money market protocol built using Polkadot’s Substrate, to use its on-chain DID data to better cater to the needs of Konomi’s growing borrower and lender customer base. Under this partnership, Litentry’s on-chain identity aggregation data and credit computation […]

CryptoNinjas » Money market protocol Konomi integrating DID from Litentry to better adjust collateral rates

CryptoNinjas » Sepior’s MPC tech integrated into sbiwallet, a new crypto custody service by SBI Digital Asset

Sepior, a provider of threshold key management technologies and solutions using secure multiparty computation (MPC) and SBI Digital Asset Holdings (SBI DAH), the digital asset arm of the SBI Group, today announced the integration of Sepior’s threshold signature software with the sbiwallet; a new wallet service launched by SBI DAH. “As we reviewed our customer’s solution […]

CryptoNinjas » Sepior’s MPC tech integrated into sbiwallet, a new crypto custody service by SBI Digital Asset

CryptoNinjas » Uppsala aids Bithumb exchange fraud victim in complete recovery of stolen crypto

Uppsala Security, a provider of tools for crypto AML, risk management, regulatory compliance, and cybersecurity, has announced that in cooperation with Bithumb — a South Korea based bitcoin and cryptocurrency exchange, it has helped a victim to recover approximately 20 million KRW ( around USD $18,000) by timely identifying the suspect of a virtual asset […]

CryptoNinjas » Uppsala aids Bithumb exchange fraud victim in complete recovery of stolen crypto

Authorities in Taiwan have made it clear to cryptocurrency exchanges and bitcoin (BTC) trading platforms in the region that they have until July 1, 2021, to fully comply with existing anti-money laundering (AML) regulations in the region, according to a press release by the Financial Supervision and Administration Commission (FSC) on April 20, 2021. Taiwan’sRead More

Alfacash Store is available to buy a cryptocurrency for fiat (and vice versa) in a fully non-custodial and automatic process; including high liquidity, fast operations, and regulatory compliance. Since various regulations require crypto-licensed businesses to verify their users, Alfacash Store takes all adequate measures to prevent fraud and remain fully compliant with applicable AML/KYC regulations. […]

Join Transform 2021 this July 12-16. Register for the AI event of the year. ThetaRay today announced that its AI-based anti-money laundering (AML)...

London-based ComplyAdvantage, a company that offers real-time financial crime insight that “puts you in control,” notes that the European Union has introduced a...

Stratis, the veteran Blockchain-as-a-Service (BaaS) company, is inviting the dApp builders community to submit their projects to the Stratis Decentralized Accelerator (SDA) that currently holds $10 million. This $10 million will be used to support dApp builders, and bring the vision of talented devs into reality. There are lots of existing assets in the Stratis [...]

The post Stratis Launches $10 Million Development Initiative appeared first on Blockonomi.

Payments technology company North American Bancard Holdings (NAB) rolled out an automated, machine-learning based anti-money laundering solution for its transactions this month, with...

The regulator did not reveal the name of any non-compliant company.