Tag Archives: KYC

Shell-Shocked HitBTC Users Shout ‘Fraud’ in Response to Severe KYC

HitBTC users are being asked to provide excessive detail about the derivation of their funds, according to multiple sources. Even Bitcoin developer Luke-Jr was forced to undergo KYC in order to withdraw funds. The famous small-blocker reportedly had chosen the exchange for its perceived lack of know-your-customer compliance. Continue reading Shell-Shocked HitBTC Users Shout ‘Fraud’ in Response to Severe KYC

Japan Proposes Guidelines to Legalize ICOs

A working group backed by Japan’s government has proposed new guidelines intended to legalize and regulate initial coin offerings (ICOs). In a report published April 5, Japan’s ICO Business Research Group — a task force that includes lawmakers, academics, bankers, and the chief executive of bitFlyer, Japan’s largest cryptocurrency exchange — called for the government to legalize ICOs and adopt clear industry rules and practices that encourage growth but also protect investors. Continue reading Japan Proposes Guidelines to Legalize ICOs