KYC
Coinone will stop withdrawals to unverified external wallets
South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January. In a Wednesday announcement, Coinone said users would have from Dec. 30 to Jan. 23 to register their external wallets at the exchange, after which time it would restrict withdrawals. The exchange specified that crypto users could only register their own wallets, and the verification process “may take some time” and could change in the future. According to Coinone, it planned to verify users’ names and resident registration numbers — issued to all residents of South Korea — to ensure crypto transactions were “not used for illegal activities such as money laundering.” Customers at the exchange likely won’t be able to withdraw funds to wallet...
NCC boss: Over $70 billion spent on telecoms infrastructure in Nigeria
Vox Media Over $70 billion have been invested in telecommunications infrastructure deployment in Nigeria since the liberalisation of the industry in 2001. The Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta, who made this known said the amount represented a larger chunk of local and Foreign Direct Investment (FDI) attracted into the sector within the period. Danbatta made the remarks on Thursday while delivering the Bullion Lecture 2021 Edition organised by the Centre for Financial Journalism (CFJ), Lagos. According to him, the investment in infrastructures has boosted the economy and provided more opportunities for more Nigerians have access to telecoms services. “Today, the number of active telephone lines being used by Nigerians has signi...
INTERVIEW: Boosting Security on Smartphone Trading Apps
Gur Geva, CEO of iiDENTIFii The rate of banking services that are available via mobile devices is growing daily as businesses and individuals are increasingly forced to prioritise digital transformation – one such development is Shyft. To unpack the security behind this mobile forex trading solution, ITNA’s Jenna Delport chatted to Arno Von Helden, Head of Forex Solutions for Standard Bank and Gur Geva, CEO of iiDENTIFii. Here’s what transpired: Why is Shyft different from other mobile forex trading solutions? Von Helden believes Shyft is different because it offers more features than a traditional forex trading solution. “An individual can buy and sell foreign exchange 24/7. The app also effectively behaves as an offshore bank account, whereby your foreign exchange has effectively le...
