UK Urged to Loosen KYC Demands for Crypto to Attract Web3 Firms
In a bid to position itself as a global hub for Web3 technology and crypto innovation, the United Kingdom is being advised by a prominent conservative think tank to reconsider its regulatory approach. Policy Exchange, a respected institution in the UK, has released a report outlining ten proposals aimed at enhancing the country’s Web3 regulatory […]
Industry leaders call for KYC measures to tackle “biggest issue” in DeFi
DeFi execs at the World of Web3 (WOW) Summit in Hong Kong argued that implementing “Know Your Customer” (KYC) measures could help tackle the “biggest issue” in decentralized finance (DeFi): hackers laundering millions of stolen funds into “clean money.” During a panel session on March 29 titled “Blockchain Security to Smart Compliance: AML & KYC […]
