Anyone who has used a cryptocurrency exchange in this day and age will be familiar with user identity verification procedures. Known as KYC, it is a very common method already employed by nearly all self-respecting cryptocurrency trading platforms around the world. Those who do not utilize this method as of yet will need to implement a KYC screening process in the next few days. In a new set of regulations issued by the Financial Action Task Force on Money Laundering, all businesses need to verify the identity of their users. This applies to any user sending or receiving over $1,000 worth of assets in one ... (full story)