Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform – Regulation Bitcoin News

Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, … Read more

Coinbase to track off-exchange transactions from Dutch customers

In a new blog post published Thursday, Coinbase says that starting Monday, all of its customers in the Netherlands will need to complete new Know Your Customer, or KYC, requirements when transferring digital assets to wallet addresses that are not based on the exchange. This includes providing the recipient’s full name, the purpose of the … Read more

New Philippines Central Bank Governor: Crypto Investors Are Adherents of the Greater Fool Theory – Emerging Markets Bitcoin News

The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory. He also argued that people investing in cryptocurrencies are doing so because they want to “hide their money from the government.” A ‘Very Scary’ Investment Strategy The new … Read more

Mastercard to Implement Payments for NFT and Web3 Projects – Bitcoin News

Payments giant Mastercard has announced it is working to bring direct payment support for a number of NFT and Web3 platforms with its cards. According to the company, this will enable more customers to enter the industry as the barrier to acquiring such digital goods is lowered via more flexible payment products. Mastercard To … Read more

Edge announces confidential no-KYC digital currency Mastercard

On Wednesday, self-custody crypto exchange Edge announced a no-KYC debit Mastercard that can be funded with Bitcoin and other digital currencies. Without know-your-customer, or KYC, verification, users would be able to spend their crypto at more than 10 million merchant terminals in the U.S. Currently, one can fund the Edge Mastercard using Bitcoin, Bitcoin Cash, … Read more

Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in New York reportedly sentenced two-year probation and six months of home detention to founder and ex-CEO Arthur Hayes. Arthur Hayes, along with the other BitMEX co-founders — Benjamin Delo and … Read more