Tag: KYC/AML

Forget the Whitepaper: What ICO Investors Should Really Look For

There are now approximately 12 ICOs passing every day. So when one is choosing among them, it’s important to bear in mind that with so many companies wanting to make collections of funds, some will actually be a scam, others might have good intentions but prove unsuccessful, and some will have the chance to succeed. -Pavel Salas, cryptocurrency trader, Tokenbox.io CEO, and CoinPlace adviser As many a bleary-eyed ICO team emerges …
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UK Treasury Report Calls for Less Regulation of Digital Currency Wallet Providers

Britain’s finance ministry has released a new report calling for the exemption of strict KYC/AML requirements on digital currency online wallet providers. The 63-page report, Acting Plain for anti-money laundering and counter-terrorist finance, states that as a result of HM Treasury’s call for information on digital currencies in 2014, officials concluded that usage of virtual currencies in illegal activities was quite low. The report states: “Responses also highlighted that some …
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