Refinitiv to Provide KYC Service For Binance

According to representatives of Refinitiv, the cryptocurrency industry is in dire need of effective tools that promote compliance with the requirements of KYC
21 November 2018   248

Refinitiv, an American provider of infrastructure solutions for the financial market, will provide Binance with tools for automated user identification. This is reported in a press release.

According to representatives of Refinitiv, the cryptocurrency industry is in dire need of effective tools that promote compliance with the requirements of KYC (“Know Your Customer”). Cooperation with Binance will enable the largest crypto-exchange to integrate the World-Check solution into its internal operations. This will make interaction with customers and verification of their data more efficient, as well as reduce the risks associated with third parties.

We are proud to collaborate with Binance and lead on KYC solutions in the cryptocurrency world. Increasing regulations on the cryptocurrency market have led exchanges to establish KYC programs in order to comply with AML regulations. In the past few years, regulators have been working to ensure that anyone moving cryptocurrency into fiat currency is subject to the same KYC requirements as individuals dealing with a conventional bank.
 

Nadim Najjar
Managing Director, Middle East & Africa, Refinitiv

Refinitiv, which in the past was a division of Thomson Reuters, collaborates with 40 000 companies from 190 countries, providing them with various financial and analytical solutions. At the end of last year, the company's revenue amounted to $ 11.3 billion. 

Trust Wallet to Add BTC & Bech32 Support

At the moment, this option is available to users of iOS devices, support for Android will be added in the next 2-3 weeks
10 December 2018   91

Binance owned and ERC-20 standard tokens oriented Trust Wallet, announced the start of Bitcoin support (BTC).

As stated in the company's blog post, Trust Wallet has become compatible with the SegWit protocol, allowing to send and receive funds to Bech32 native addresses (bc1).

At the moment, this option is available to users of iOS devices, support for Android will be added in the next 2-3 weeks.

Earlier Trust Wallet announced the start of support for TRON (TRX) tokens. The wallet also supports GoChain (GO), POA Network (POA), Ethereum Classic (ETC), Wanchain (WAN) and VeChain (VET).

Recall Binance announced the purchase of Trust Wallet in July this year. The wallet is expected to become part of the upcoming release of the decentralized trading platform Binance.