Topic: AML/KYC Explained - page 12. (Read 473729 times)
I'm always weary of any regulations about bitcoin. Nonetheless, it is nice to have a few regulated companies to buy and sell btc/usd from. Of course, nothing is going to prevent a mt. gox like situation though.
Thanks for this detailed explanation on KYC and AML. This is of great importance in the crypto community and very soon, it will be made compulsory among other top exchanges. Bittrex mandate KYC for all users so as to be able to withdraw .its also good that most exchanges are now strict on this.
I have some ideas about how to solve this... but I am quite stuck financially
check out my proof-of-human idea
https://github.com/desLT/dID
check out my proof-of-human idea
https://github.com/desLT/dID
I dont know guys. As for me i very worry about private information. day by day KYC become more strict 
Thanks a lot!!!! Is difficult to understand all of the different terms. 
Could someone could explain me what is KYB??
I heard about KYC but nothing about KYB
Regards!!
I heard about KYC but nothing about KYB
Regards!!
KYB = Know your business - Know Your Business is the due diligence review of your business and industry which when reviewed against Money Laundering techniques allows you to develop policies and assess suspicious activities or transactions.
or Kick Your Butt )))
Could someone could explain me what is KYB??
I heard about KYC but nothing about KYB
Regards!!
I heard about KYC but nothing about KYB
Regards!!
Does anyone know how accurate are the data from the kycmap.com ?
Last blog/news post is from 2015... Since that time many things happend in case of cryptocurrency policies but in the kyc/aml as well.
Last blog/news post is from 2015... Since that time many things happend in case of cryptocurrency policies but in the kyc/aml as well.
AML/KYC is a barrier. I don't have a utility bill in my name. It is normal here that utility bills stay in the landlord's name.
That's also what I'm facing right now. I want to participate in an ICO but the name on the bill is entitled to my father which is not allowed. They should consider two ids instead of one id and one bill.
can anybody explain exactly how do you detact AML in the crypto world ?
i mean in order to launder money you need to hack the blockchain am i wrong ?
i mean in order to launder money you need to hack the blockchain am i wrong ?
Both of them are related to jurisdiction, But there are international laws and rules that countries have to follow to be good. Usually fatf try to establish such rules.
AML/KYC is a barrier. I don't have a utility bill in my name. It is normal here that utility bills stay in the landlord's name.
That's also what I'm facing right now. I want to participate in an ICO but the name on the bill is entitled to my father which is not allowed. They should consider two ids instead of one id and one bill.
Services design their own AML/KYC policies and risk management processes with the over-arching guidelines and statutory requirements in mind. Conventional financial institutions tend to have extremely conservative risk assessment frameworks because they're at risk of fines in the hundreds of millions if they're found to be non-compliant.
strongly agree with AML and KYC because it can be a strong security to enter the exchange.
the example of it when there are certain parties in other countries will corruption and the money in the run to Bitcoin, automatically enter the exchange exchanges and when the money deposit and buy Bitcoin then we will see where the transaction and how much deposit. and that's his function from KYC and AML.
the example of it when there are certain parties in other countries will corruption and the money in the run to Bitcoin, automatically enter the exchange exchanges and when the money deposit and buy Bitcoin then we will see where the transaction and how much deposit. and that's his function from KYC and AML.
I see more and more ICO asking for KYC and AML, also more and more exchange are asking for it. I hope they wont use our information for bad uses.
Important aspects. But i think MTGOX should be removed from this nice article. When i see it's name i become different, furry.
AML/KYC is a barrier. I don't have a utility bill in my name. It is normal here that utility bills stay in the landlord's name.
The thread opens the eyes. From the very beginning, the authorities were interested in having a clear idea of the monetary markets / holders and were wondering about the best way to adjust fiscal rules, etc. Thus, it was only a matter of time when more stringent rules were set for exchange, it does not matter if they change fiat vs. Cryto.
Really helpful, thanks!
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