Tag: Identity Verification

4 Potential Outcomes of the new FATF Rules for Cryptocurrency Service Providers

These are very interesting times for the cryptocurrency industry as a whole. Some big changes loom ahead which need to be overcome in quick succession. The first change will require virtually all cryptocurrency exchanges to verify all users’ identities if they are sending or receiving over $1,000 in assets. Ending Anonymous Transactions Anyone who has used a cryptocurrency exchange in this day and age will be familiar with user identity …
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Belgian Government Cracks Down On Anonymous SIM Cards

A lot of consumers value their anonymity, and buying an anonymous sim card is a great way to achieve that goal. But in Belgium, that situation will come to change, as holders of an anonymous sim card will need to verify their identity soon. Failure to do so will result in the user being cut off by the phone service provider. In the future, anonymous sim cards will be banned …
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