Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Deribit Releases Specifics of New KYC Policy Following Move to Panama

Cryptocurrency Jan 21, 2020 04:22PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Deribit, a crypto futures and options exchange that is moving from the Netherlands to Panama to avoid Europe’s new Anti-Money Laundering law has released its newly updated Know Your Customer (KYC) policy.

In a Jan. 17 blog post, Deribit clearly said that its relocation to Panama has been mainly caused by the new Anti-Money Laundering Directive (5AMLD), a major European law that aims to tackle money laundering and terrorist financing by stricter regulation of crypto-related businesses.

Continue Reading on Coin Telegraph

Deribit Releases Specifics of New KYC Policy Following Move to Panama
 

Related Articles

Ripple Adds Two New Lawyers to Their Legal Team
Ripple Adds Two New Lawyers to Their Legal Team By CoinQuora - Jul 06, 2022

Ripple has hired two new attorneys from Kellogg (NYSE:K) Hansen. Stuart Alderoty, the general counsel, said that a new resolution will come in 2023. Ripple Defendants have filed a...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Venable Dance
Venable Dance Feb 01, 2020 8:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It would seem to me that many nations around the world, are not making it easy for crypto-tech companies to operate smoothly and without restrictions because, many are afraid they may have to play catch up with implementing their own crypto based currencies and exchange platforms. This reminds me of Jamie Dimon CEO of JPMorgan Chase ( the largest bank in the US in terms of assets ) who spoke disparagingly of cryptocurrencies until JPMorgan Chase launched its own, the JPM coin. So, it is my opinion that crypto-tech companies must play a game of chess, that involves moving to those countries that provide that most conducive environments ( minimum or collaborative regulations ) that allow crypto-tech companies to build upon new technologies that will benefit all nations and their commerce and the underlying exchange and storage of assets, in the long haul. I agree with Thomas Prendergast, that the migration will accelerate.
Thomas Greybull
Thomas Greybull Jan 23, 2020 8:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I concure
Thomas Prendergast
Thomas Prendergast Jan 23, 2020 8:27AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
As these large economic nations continue to build greater obstacles to the crypto technology companies, the migration to smaller ecosystems like Panama will accelerate. It is just a matter of time when a nation in flux like Venensula will convert their oil into electricity to drive new tech and become the new epicenters to crypto tech. . . I know, I am the CEO of a crypto tech company and the hamstringing and subsequent large attorney fees to help us navigate the mine field of shifting sands in the USA will drive us out.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email