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KYCbench

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In general, the procedure “Know your customer” is a concept that comes from banking and stock trading, the world of finance. It means that any company working with private individuals’s funds must identify the counterparty and establish his identity before carrying ...

KYCbench

The orders of the Russian president to the government and the Central Bank to introduce the concept of “crypto-currency” into Russian legislation, given in October 2017, sparked optimism in the crypto community. However, the bill prepared by the Central Bank and the ministries is based on the false ...

KYCbench

Companies that are looking to complete an ICO have an incredible task of performing their due diligence on their investors. To realize how significant performing due diligence is, imagine a scenario where an ICO has raised funds and is about to reach the end of its crowdfunding successfully. The ...

KYCbench

Here are 4 reasons why KYCbench should be considered by any project that is looking to raise funds as an ICO or CDE are as follows.

GDPR and ISO 27001 Compliance, KYCbench understands the need to protect personal data and has been preparing for the GDPR for the last 6 to 8 months. KYCbench also ...

KYCbench

Telegram messenger announced in their blog a launch of a cloud-based service for verification and storage of users documents in July 2018. Users will be able to upload their documents to the cloud with end-to-end encryption and have them always at hand.

As explained by the developers, Telegram ...

KYCbench

The creation of new digital economy has two components: the modernisation of the existing “analog” economy, and the construction of a fundamentally new “crypto-economy”, which is based on new digital products and assets. Its manifestations are not only the beginning of payments in crypto-currencies ...

KYCbench

5th Anti-Money Laundering Directive was recently adopted in the European Union. Accordingly to this directive crypto currency exchange platforms and wallet providers are regulated within the EU by anti-money laundering (AML) rules, including know-your-customer (KYC) requirements and reporting ...

KYCbench

A PEP is an individual with a prominent public role in a government body or international organisation. A PEP generally presents a higher risk for potential involvement in bribery and corruption by virtue of their position and the influence that they may hold. Immediate family members and close ...

KYCbench

Everyone who hunts for airdrops and bounties knows the feeling. You sign up to website newspapers, join multiple Twitter/Facebook/Telegram channels, chat with bots, write articles and then the airdrop ends. A month or two goes by and suddenly (if you noticed the telegram announcement amongst the ...

KYCbench

Yes. It has been a troublesome time for the bulls and the faithful. The memory of 10-20% daily increases continuously day after day seem like a long time ago. However, what has happened to ICOs since the beginning of the year.

We have all read that over 80% of all ICOs have failed or been delayed ...

KYCbench

lthough governments have started a dialogue on how to even approach and define cryptocurrencies and blockchain it may be some time before this is a uniformed approach.

Until a time where ICOs will have a clear set of laws to follow ICOs will need to try align themselves as best as possible to ...

KYCbench

Today, in many organisations, know your customer (KYC) is still a manual and time-consuming process.

Things are expected to change over the next few years, as more and more organisations started to implement automatic tools to streamline the KYC process.

A good example of how organisations can ...

KYCbench

The recent increase in reported incidents of surveillance and security breaches compromising users’ privacy call into question the current model, in which third-parties collect and control massive amounts of personal data. Bitcoin has demonstrated a decentralized network, which is trusted in the ...

KYCbench

The number of complaints filed to the UK’s data protection regulator has doubled since the General Data Protection Regulation was implemented in May 2018. According to figures from law firm EMW which reveal the number of complaints to the Information Commissioner’s Office (ICO) between 25 May and 3 ...

KYCbench

For blockchain related projects, KYCbench is built to fulfill the requirements of the GDPR and to comply to ISO27001 in handling and storing personal data for ICO whitelisting. For non blockchain related companies where other regulatory requirements apply, KYCbench works with each client to ...

KYCbench

Based on the in house designed Vguard Protocol, KYCbench has developed a GUI friendly and cryptographically secure KYC platform to verify sensitive KYC data for ICO whitelists and non blockchain enterprises wanting to improve on their existing regulatory compliant KYC processing procedures. KYCbench ...

Search found 16 matches

Know Your Customer, what is it for and what benefits does it give in details?

Crypto- industry regulations in Russia

What are the legitimate ICOs currently on the market?

4 Reasons why you should consider KYCbench

News in the Crypto industry – Telegram passport

Rules for Cryptoinvestors: how not to prevent rise of new industry

5th Anti-Money Laundering Directive and crypto currency

Does a PEP remain PEP forever?

I signed up to an ICO airdrop. Why do I now need to perform KYC?

What has happened with ICOs this year?

The Future of ICO

The Future of KYC

KYCBench and Vguard protocol

Implementation of GDPR causes data complaints increase

The importance of KYC/AML solutions such as KYCbench

KYCbench Tier 1 Banking Institution KYC/AML solution

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