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Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards.
Policy Exchange published its report on Web3 containing 10 proposals for the U.K. government.
The exchange operator is implementing new KYC requirements for users from September 2023 to comply with developing global regulatory guidelines.
The U.K. passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto.
Once HeyGen’s AI-generated digital avatar is available to the public, users will be able to create a video with a real life-like digital avatar in just two minutes.
Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed CBDC.
KuCoin’s Know Your Customer checks will require new users to complete identity verification to access all services, while existing non-KYC users will not be able to deposit.
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID.
The small New York-based neobank is seeking to improve crypto users’ experience by melding Web3 features and digital banking.