‘Digileaker’ Claims to Have Stolen KYC Documents for 8,000 Digitex Users

‘Digileaker’ Claims to Have Stolen KYC Documents for 8,000 Digitex Users

An ex-employee of crypto exchange Digitex has leaked KYC documentation for and claims to have data for over 8,000 users. An ex-employee of cryptocurrency derivatives exchange Digitex began leaking stolen Know-Your-Customer (KYC) on Telegram. The stolen data reportedly includes passport and driving license scans and other sensitive documentation pertaining to more than 8,000 Digitex customers. The Seychelles-based exchange issued Cointelegraph a statement indicating that it is not currently able to comment on the incident and…

Read more

Moody’s Gives Thumbs Up to UAE’s Know Your Customer Blockchain Platform

Moody’s Gives Thumbs Up to UAE’s Know Your Customer Blockchain Platform

Moody’s ratings agency has said that the proposed blockchain-based KYC consortium in the United Arab Emirates is credit positive for the nation’s lenders. Moody’s Corporation has said that a new blockchain-based Know Your Customer (KYC) platform in the United Arab Emirates is credit positive for the nation’s lenders. According to a report by local media outlet The National on Feb. 26, the ratings agency has said that the platform will improve asset quality and boost…

Read more

Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

How is the FATF’s AML guidance being implemented around the world, and what is its impact on the crypto industry? It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far?The FATF — an intergovernmental organization tasked with combating money laundering —…

Read more