UK wants more crypto user data just as trust in KYC takes new hit

UK wants more crypto user data just as trust in KYC takes new hit

New U.K. rules could mean more data from crypto users, just as a recent leak shows how risky that can be. Just as a major crypto platform admitted contractors leaked user info, the United Kingdom unveiled strict new rules requiring firms to collect and report detailed personal data on every crypto transaction. Starting Jan. 1, … Read more

On-Chain KYC: Balancing Privacy and Regulation

On-chain KYC process with blockchain technology

What is On-Chain KYC? On-chain KYC is how one authenticates people’s identities using blockchain technology while still keeping things decentralized. Traditional KYC depends on central databases, while on-chain KYC makes use of smart contracts and secure digital tools to confirm who you are without the need to share personal details. This system helps in storing … Read more