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Monday, May 19, 2025

Tag: cryptocompliance

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Kucoin BTC Reserves Plunge 77% After Mandatory KYC Announcement

By Denis MwirigiMay 5, 2025May 5, 2025

Kucoin exchange has seen its Bitcoin reserves drop by over 77% following a recent mandatory KYC requirement.   Kucoin, the Seychelles-based cryptocurrency exchange, resolved its criminal charges in January 2025, paying $3oo million in fines. This came after admitting to charges of operating an unlicensed money transmitting business while ignoring […]

From Gold to Bitcoin: Assessing the U.S Bitcoin State Reserve Race

By Denis MwirigiApril 18, 2025April 18, 2025

U.S states are shifting their approach to financial wealth preservation, slowly incorporating Bitcoin in addition to gold reserves. With individual state legislation proceedings ongoing, how is the race?   Bitcoin has fought many battles since the birth of cryptocurrencies as the next stage of financial market evolution. During its early […]

Tron (TRX) Holds THIS Support amid Positive Q1 Growth

By Denis MwirigiApril 16, 2025April 16, 2025

Tron bulls hold strong at the $0.2500 support zone, anticipating a price upsurge as TRON DAO announces gas-free USDT transfers.   Tron has flipped its previous resistance at the $0.2500 level, turning it into a strong support. Additionally, the coin saw renewed buying interest following its announcement of gas-free USDT […]

Trump Signs First-ever Crypto Bill into Law

By Denis MwirigiApril 11, 2025April 11, 2025

Trump has signed the first-ever crypto bill into law, easing regulations and encouraging DeFi innovation.   A controversial IRS rule that required DeFi platforms to act like traditional brokers and report user data to the authority has been limiting innovation in the digital asset market. However, on the 10th of […]

KYC and AML Rules

How KYC and AML Rules Affect Crypto Users and Exchanges

By dev guptaFebruary 13, 2025February 13, 2025

In the world of cryptocurrency, compliance with regulations is crucial for maintaining security, legitimacy, and trust. KYC (Know Your Customer) and AML (Anti-Money Laundering) rules are two key regulatory frameworks that impact both crypto users and exchanges. Understanding how these rules affect you as a user or exchange operator can […]

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