Cato Networks has raised concerns about the ProKYC deepfake tool, which allows criminals to bypass KYC checks by creating fake identities and realistic videos for cryptocurrency exchanges. This advanced fraud technique has led to significant financial losses, highlighting the need for stronger security measures in financial institutions.
JoyAs regulators step up their scrutiny of DeFi, participants will need to improve compliance with AML and KYC and simplify the process for customers.
JinseFinanceDPoS is an evolution of the Proof-of-Stake (PoS) consensus mechanism designed to provide enhanced scalability, efficiency, and democratic governance.
JinseFinanceThese acts were reportedly seen taking place in Binance offcial Chinese language chat rooms.
BitcoinistFTX previously purchased an Australian company to bypass the financial services license process.
BeincryptoPROOF of STAKE by Vitalk Buterin is out on September 29th 2022
OthersBeincryptoWhile most crypto exchanges have begun implementing KYC mandates, investors still have the choice to opt for crypto exchanges that promote greater anonymity by not imposing KYC.
CointelegraphOne of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools.
CointelegraphWith the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer.
Cointelegraph