A recent study carried out by Mitek Systems surveyed the KYC practices of 25 cryptocurrency exchanges and wallet providers in the US and Europe, found that only 32% of those entities carry out full KYC. The majority don’t have any KYC procedure in place. Needless to say, this renders the crypto sphere the locus of […]
Written by Gary Ross This article was originally published on UpCounsel. The meteoric rise of cryptocurrencies has taken the world by storm. Innovators, investors, users, and governments are scrambling to wrap their heads around cryptocurrencies and the blockchain technology that they rely upon. The emergence of a new market and business model has created great […]
Blockchain technology and Islamic Finance are presently two of the most exciting financial trends to read-up on. Though it might not get as much press as crypto, Islamic Finance has similarly enjoyed a recent period of enormous growth.
Today the House Financial Services Subcommittee on Monetary Policy and Trade met to discuss crypto assets as money and their potential domestic and global uses. Unfortunately, the hearing was cut short but a few members (listed here) were able to make statements and ask questions. Andy Barr, Kentucky, Chairman Roger Williams, Texas, Vice Chair Brad Sherman, California […]