crypto exchange

Binance’s Strategic Retreat from Canada Amidst Crypto Regulatory Changes

summy Morphe
May 12, 2023
Crypto, News
Binance, Canada, crypto exchange, cryptocurrency
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In a major industry disruption, Binance, the reigning titan of the cryptocurrency world, made the unexpected decision to retreat from the Canadian market. A late-week tweet marked the public announcement of this step, provoked by Canada’s recent adaptation of regulatory norms. New rules around investor limits and stablecoins now pose significant challenges to Binance’s operations in Canada. A Salute to …

The Role of KYC and AML in Crypto Exchanges

Cary
April 12, 2023
Crypto
Crypto, crypto exchange, cryptocurrency
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KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations play a crucial role in ensuring the security and legitimacy of cryptocurrency transactions on exchanges. In this article, we’ll provide an overview of what KYC and AML are, how they work, and their importance in the world of crypto. What is KYC? KYC is the process of verifying the identity of …

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