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  1. KYCbench

    Cooperation announcement with LIVEPOD!

    LivePod's solution would allow video creators/broadcasters and video chat providers a better incentive to concentrate on making higher quality content, which was created by strong and goal oriented team from Hungary. LivePod is an innovative technology which gives content providers a better deal...
  2. KYCbench

    QuadrigaCX unprecedented scandal

    2019 started with another high-profile scandal: Canadian cryptocurrency exchange QuadrigaCX cannot return approximately $ 190 million to its customers and the reason is sudden death of its owner, Gerald Kotten. QuadrigaCX lost access to customer assets, as only Gerald Kotten, had access to...
  3. KYCbench

    First KYC data leak of 2019?

    End of January, 2019, on the darknet market named “Dread”, one of the vendors was reported to have been selling know-your-customer (KYC) information from top exchanges such as Binance, Poloniex, and Bitfinex. The post by ExploitDOT claimed they have “100k documents” containing user data from...
  4. KYCbench

    Cooperation announcement with Bolt.Global

    BOLT is a new category of entertainment developed by users for users - focusing on live TV and snack-sized content for an individual mobile experience, which is now live in Kenya, Indonesia, Malaysia, and Brunei. Some of BOLT content partners include Al Jazeera, Discovery Channel, Citizen TV and...
  5. KYCbench

    How EU money laundering laws will impact crypto investors

    Members of the European Parliament have cast their votes overwhelmingly in favor of a new directive that introduces stricter countermeasures against money laundering across Europe — a move that will have consequences for crypto investors. The new edict is titled the Fifth Anti-Money Laundering...
  6. KYCbench

    Thailand Stock Exchange Applies for Digital License for Crypto Trading

    Thailand has emerged as one the most interesting crypto and blockchain countries in Southeast Asia starting from the beginning of 2018. Despite military dictatorship, the Kingdom government has become outspoken and welcoming of cryptocurrency projects and exchanges last year and regulators are...
  7. KYCbench

    KYCBench goes to FinTech & Blockchain: Disrupting FinTech meeting in Barcelona

    The "blockchain" makes it possible to manage information securely with a distributed, decentralized and synchronized registry and will be the main tool in the finance sector after 2020, according to Spanish experts. This data storage and data transmission technology, on which cryptocurrencies...
  8. KYCbench

    Cryptocurrency 2019: Penalties, Taxes and Compliance

    Delinquent U.S. federal and state tax filings or unreported 2017 or prior tax years’ transactions may force taxpayers dealing in crypto to liquidate significant positions in cryptocurrencies at lower values to pay outstanding tax liabilities to the IRS, including interest and penalties. The...
  9. KYCbench

    Spain is preparing for Crypto Fiesta!

    In 2018, several Spanish universities - have started institutional courses including Bitcoin, Ethereum, ICOs, smart contracts, and Crypto-Economics. Now you can get Master or Diploma in Ethereum, Blockchain Technology and Crypto-Economics, and other programmes within just six months from some of...
  10. KYCbench

    Cooperation with Elis Distribution Ltd

    Since 2014, Elis Distribution LTD has been helping software development companies boost their sales through various advanced marketing strategies and well-targeted approaches to the expansion of their potential client base. Elis Distribution’s highly trained team of Marketing and Business...
  11. KYCbench

    Crypto Is Tightening Up Its Anti-Money Laundering Game, While Non-Compliance Fines Raise

    In 2018, barely a month passed without an official at a financial institution or government department calling on crypto to clean up its act. In the last quarter of the year alone, the United States Department of the Treasury, the Canadian Parliament and the Russian Federal Financial Monitoring...
  12. KYCbench

    Why Crypto Exchanges Refuse KYC?

    When it comes to cryptocurrency regulation, there is a lack of consensus on how to protect investors. Criminal activity such as fraud, hacks and theft is prevalent, not only in the crypto reality, but in the traditional financial world also. Some exchanges have denied Know Your Customer (KYC)...
  13. KYCbench

    Cooperation with SWIDOM

    SWIDOM is the largest end-to-end international blockchain agency based in Kyiv, Ukraine, focused on fundraising and service providing, being expert in building communication with all types of projects and companies. SWIDOM helps ambitious teams to raise capital in three key areas - ICO, STO and...
  14. KYCbench

    The Impact of General Data Protection Regulation on Know Your Customer Procedures

    On May 25th, 2018, the biggest overhaul of EU data protection law will come into force for all EU Member States with the introduction of the General Data Protection Regulation (GDPR). Under GDPR, banks and other organizations, blockchain or non-blockchain, which carry out identity checks and...
  15. KYCbench

    Cryptocurrency in Estonia: year 2018 overview

    Almost one year has passed since the new Money Laundering and Terrorist Financing Prevention Act (MLTFPA) came into force introducing two types of licenses for cryptocurrency in Estonia. MLTFPA has helped businesses dealing with cryptocurrencies to understand whether they are required to apply...
  16. KYCbench

    Cooperation announcement with BlockOn

    BlockOn is a blockchain and cryptocurrency platform for corporate incubation projects consisting of seminars including panels, keynotes and fireside chats accompanied by roundtables and demos to and from the blockchain community. A platform that aims to provide knowledge exchange, foster...
  17. KYCbench

    Self-regulation as supporting practice for KYC and AML compliance

    Currently, there are a lack of tools and standards in the crypto space, unlike in traditional markets. Identifiable information is not immediately accessible on the blockchain. But, it is possible to track down the source of the code, from the original wallet the token came from. Following...
  18. KYCbench

    Cryptocurrency marketplace and AML regulation adoption

    Year 2019 has started with cumulative market valuation of all cryptocurrencies by approximately $ 417 billion. Before the recent downturn, when it has dropped to below $ 185 billion, representing a dramatic 75% drop, it was around $ 800 billion at the beginning of 2018. Thus, even if the...
  19. KYCbench

    KYCBench proudly announces cooperation with Dow Jones Risk & Compliance!

    Dow Jones Risk & Compliance is a leading provider for Anti-Money Laundering verification, leader in information services since 1882. Dow Jones is supplying Risk & Compliance data to Financial Institutions, Corporate, Governments and now also KYCBench! With a proprietary research methodology...
  20. KYCbench

    World Identification Trends in 2019

    Today, more than one company is engaged in digital identification, and not two companies that once began as young start-ups. Most of them have the capitalization of the average bank, and this despite the active growth of the market. One of the companies in the digital identity sector is...
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