#conbase

[druidoforboros]

These are garages or sleeping pods. Or great way to display/store toys. Originally I was trying to fill up spot on ConBase with bunk beds and it turned into massive project that starts/stops when I feel the need to organize some more and make things neat as possible.

[ailtrahq]

With the license approval, Coinbase has now joined the ranks of other crypto companies with full licenses, demonstrating the country’s commitment to fostering a vibrant and well-regulated digital assets ecosystem. Leading American cryptocurrency exchange Coinbase has been granted an operational license in Singapore through its subsidiary to service its customers in the region legally. On October 1, Coinbase announce it received a regulatory nod from the country’s central bank, the Monetary Authority of Singapore (MAS), to operate as a Major Payment Institution (MPI) company. This regulatory milestone allows the US-based exchange to expand its digital payment token services in Singapore, catering to both individual and institutional customers. Coinbase Granted Full Operational License Coinbase had previously received in-principle approval from MAS in 2022 after entering the country in July 2015 in compliance with the nation’s local crypto regulations. At the time, the exchange could only offer certain services to Singapore users. However, with the current MPI approval, the company has received permission to provide its complete product offerings to users in the country. “Coinbase Singapore is pleased to announce that we have obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This development, coming after our initial In-Principle Approval, amplifies our commitment to the Singapore market, enabling us to expand our provision of Digital Payment Token services to individuals and institutions in Singapore,” the company said. In addition to Singapore, Coinbase has obtained regulatory approvals from the Netherlands, Spain, Italy, and Ireland over the past year. Coinbase Introduces PayNow Services to Singapore Users The new development is part of the company’s international expansion goals to establish its presence in key markets in Asia and European markets to further solidify its position in the industry. The crypto exchange has made strategic efforts to cater to the Singaporean market ahead of the MPI license. Earlier this year, Coinbase launched services such as PayNow and FAST bank transfers specifically for Singapore users. Additionally, the company has integrated with SingPass, Singapore’s digital identity service, streamlining user onboarding processes. Coinbase said it identified Singapore as a priority market due to the country’s progressive economic strategies and regulatory approach to crypto. The country has rapidly emerged as a crypto hub in Asia, attracting digital asset firms worldwide. A recent Conbase report found that over 30% of Singaporeans have either owned or currently own cryptocurrencies. The country is also home to more than 700 Web3 companies, further solidifying its position in the crypto and Web3 economy. Other Crypto Companies with Full Licenses in Singapore With the license approval, Coinbase has now joined the ranks of other crypto companies with full licenses, demonstrating the country’s commitment to fostering a vibrant and well-regulated digital assets ecosystem. In June, the MAS granted Crypto.com an MPI license, allowing the company to explore the market. Other companies, such as USDC stablecoin issuer Circe and Blockchain.com, are also fully licensed in Singapore. Meanwhile, Coinbase’s expansion to Singapore comes when the company is grappling with legal disputes with regulators in its home market, the United States. The US Securities and Exchange Commission (SEC) sued the exchange in June, alleging violations of federal securities laws. Thank you! You have successfully joined our subscriber list.

[pdj-france]

Le Coinbase contre. La SEC américaine pourrait prendre fin. C'est du moins la volonté de la plateforme crypto, dont le Chief Legal Officer, Paul Grewal, a révélé l'intention de Coinbase de demander le non-lieu total de l'affaire. Coinbase contre SEC : la présentation de l'ordonnance de clôture complète de l'affaire Coinbase semble vouloir clore définitivement l'affaire portée par la Securities and Exchange Commission (ou SEC) américaine, au début de l'été. Dans un appel consacré aux performances trimestrielles de la plateforme, le directeur juridique de Coinbase, Paul Grewal, a affirmé la prochaine étape de la société de cryptographie. Grewal aurait déclaré que Coinbase prévoyait de déposer une ordonnance du tribunal vendredi pour rejeter complètement le procès intenté contre lui par la SEC. À cet égard, Grewal a aussi déclaré qu'il avait pleinement confiance dans les arguments présentés au tribunal, mais qu'il s'attend toujours à gagner le procès contre la SEC. L'objectif de Coinbase serait de travailler avec la SEC et les législateurs pour parvenir à une "clarté réglementaire". Plus précisément, Grewal aurait dit ce qui suit : "Eh bien, demain, semble-t-il, dans notre affaire dans le district sud de New York, nous demanderons à la Cour une ordonnance de rejeter l'affaire dans son intégralité." Coinbase contre SEC : les allégations de juin 2023 C'était début juin 2023, quand la SEC a officiellement poursuivi le crypto-échange Coinbase devant le tribunal de district de New York. Le régulateur aurait accusé la plate-forme d'avoir violé les dispositions d'enregistrement de son service de "staking-as-a-service" et d'avoir proposé aux investisseurs des ventes non autorisées de titres. Parmi les différents jetons définis par la SEC comme "de sécurité", SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH et NEXO ont été répertoriés. Pour répondre ces allégations, le PDG de Coinbase, Brian Armstrong, avait laissé entendre que le Congrès américain se chargerait de régler la situation conflictuelle avec la SEC a propos la "confusion réglementaire sur la question crypto". Cela dit, l'affaire Conbase c. La SEC a influencé les performances de la plateforme qui après la mi-juillet avait vu le prix du COIN grimper à plus de 110 $, mais sa descente à 88 $ en début de semaine a démarré le 20 juillet. Au moment d'rédiger ces lignes, COIN semble rattraper son retard, même si le prix est de 90 $. Des doutes sur l'affaire Ripple Tandis que Coinbase tend à clore définitivement l'affaire avancée par la SEC, une autre société de cryptographie en conflit avec le régulateur américain depuis décembre 2020, semble avoir réussi à obtenir une victoire partielle. C'est Ripple, la société derrière XRP, qui a résisté au procès contre la SEC pendant trois ans, ne réussissant qu'à obtenir la condamnation de la juge de district Analisa Torres le 13 juillet de cette année, déclarant que XRP n'est pas une sécurité. Toutefois, cette décision n'est pas partagée par tout le monde. En effet, récemment, le juge fédéral Jed Rackoff a fourni des interprétations détaillées sur le test Howey pour tout remettre en question. La victoire de Ripple a remonté le moral de toute l'industrie de la cryptographie. Avec l'intervention de Rackoff il y a quelques jours, le prix du Bitcoin (BTC) a aussi connu une petite chute qui a provoqué chuter le prix en dessous de 29 000 $. PDJ Plus de l'auteur

[sn3ll]

If everyone is doing it, I’ll be some bitcoin 💸💸

[btc-current-blog]

Conbase is getting desperate

Conbase is getting desperate

[ad_1]

To put into perspective how poorly Coinbase has performed in recent times, here’s the usd volume produced by just 1 xrp pair on binance (USDT)

​

Here’s Coinbase’s entire volume across all pairs:

​

One XRP pair has produced almost 100% more volume than Coinbase’s entire volume.

Here are a few more XRP pairs that are producing more volume than Coinbase:

​

​

Coinbase is being destroyed by…

[berlink-uwu]

(nightink child)

nombre: scaring

edad:17 años

altura:1.67

cumple: 21 de febrero 

gustos: le gusta el silencio,le encanta el pay,le encanta el color morado,le gusta mucho matar pulpos bebes -w-),le gusta la noche.

disgustos: odia a las personas traidoras,no le gusta que le hablen mucho,no le gusta convivir,no le gusta el amarillo.

personalidad:es un poco grosero cuando la persona se junta mucho a el,es un poco nervioso cuando esta solo,es amigable cuando empieza a conocer a la persona,esconde mucho sentimientos para no expresarse dulcemente,es alegre y lindo cuando esta de buen humor, algunas veces puede ser demasiado negativo. 

genero: varón 

posición: suke

es bisexual aunque es muy difícil de conquistar >:v

ahora se viene lo shido :D!! es algo larga por que scaring fue creado conbase una experiencia de una persona..asi que esta un poco exagerado :,3...io no hago childs por que si,yo lo hago por que me gusta como siento que vive y como una persona normal siempre hay historias que marcaron su vida..aunque esta esta resumida..ojala les guste....

HISTORIA

todo empezó cuando en un tiempo ink y nightmare se enamoraron y tuvieron un hijo llamado scaring,ellos ERAN felices,eran demasiado unidos..jamas creyeron tener una relación tan unida y FIEL,tanto que se tomaron una foto de recuerdo,en ese tiempo scaring tenia 6 años...

durante los años nightmare ya no era quien se tenia que preocupar si no de un esqueleto llamado ERROR sans,pasaron los días y ink se mostraba de manera muy rara,siempre salia dejando a nightmare y scaring solos,siempre decía “un au me llama d-debo ir”... nightmare y scaring le tenían mucha confianza por lo que no lo dudaron por 2 años y dejaban que se fuera....je..jejeje...grabe error..

pasaron las semanas e ink ya ni siquiera pasaba los días en su casa,nightmare preocupado decide ir a buscarlo aunque a ink le dijese que no se preocupara que esta muy bien..nightmare al estar muy enamorado de ink no quería enojarlo o mucho peor se pelearan,pero...su duda...de como estaría le dio mucha curiosidad y de una vez lo fue a buscar llevando junto a el a scaring,pasando en au en au no sentia a ink....hasta entonces....vio su bufanda...y no lo dudo dos veces y entro al au underlust ...je...pobre nightmare....su corazón se partió en dos..su negatividad lo consumió....

scaring,al ver a su mama de esta manera solo lo miro y lo abrazo por detrás dicindo “mama...quien es el?”,ink al ver a su hijo por detrás este solo dio un sobresalto y error solo lo miro confundido..aunque ni le importo..nightmare se acerco a su pareja y le dijo “para esto querías que este lejos de ti?,que no te buscara?”..solo dijo eso y le dio un gran golpe a error y miro a su EX-pareja “ink....no vuelvas NUNCA”,scaring asustado solo miro como ink sin expresión alguna se iba junto a error..ya no sentía nada por su papa...scaring sintió una TRAICIÓN!,nightmare enojado y roto solo tomo fuertemente a scaring y se fue de allí...

pasaron 8 años y ningún rastro de ink se encontró en su casa,nightmare ya ni sentía nada por nadie,bueno,hasta que se enamoro de killer,así nightmare se iba recuperando..pero,,¿que pasa con scaring?..pues...solo era un estorbo para nightmare,aparte de que lo despreciaba por que provenía de ink....scaring al intentar ser amigable con nightmare este solo lo golpea y ¿por que? ....bueno,sentia como si scaring tenia el mismo caracter que ink y conbase el tiempo scaring..ya no era el mismo..estaba muy roto...y el no tuvo la culpa!!!...

un día,killer se sentia muy mal por que scaring era un problema para su relación...así que night...solo lo iba a ..MATAR.

nightmare lo tomo con los tentáculos y con uno lo tomo por el cuello..scaring estaba muy asustado..no quería morir...solo caían lagrimas por todo su rostro,nightmare al verlo así solo lo empezó a apretar por el cuello para dejarlo sin aire...sin embargo de allí ink apareció y golpeo a nightmare abrazando a su hijo...scaring por lo vivido solo empujo a su mama y se fue corriendo mientras que nightmare solo sentia un gran odio por ink..paso lo que no quería que pasara...se empezaron a pelear,scaring al no ver en donde huir solo tomo un balde de tinta y lo tiro..no sabia en donde ir así que solo fue en donde sea..killer lo vio pero no dirá nada..ya que el solo quería alejarlo y al ver como sufre era mejor que se alejara de sus papas para siempre!.

paso un año y ningún rastro de scaring se encontró..,scaring al aburrirse de ir a los mismos aus mas reconocidos como underswap,underfell o outertale,etc,,solo se fue a lo mas lejos de los demás..encontrándose con uno raro,al entrar al au solo miro que no había  NADA,una voz muy extraña le dijo “¿quien eres?” y el al tener ahora 17 solo le dijo “que te importa,ademas deja de ser tan mentirosa y dime que es este lugar” la otra voz muy sorprendida solo le dijo “mmm vaya vaya tu no eres tan inocente~” entonces al dar una palmada se quito todo lo blanco y se pudo ver un lugar..como una “ciudad”

...

berlink-uwu: bienvenido a underfilk.......

 scaring

...(esto paso después dela historia de underfilk,osea,scaring vino después de toda la historia por lo que pudo vivir bien..)

GARABATOS EN UNDEFILK XD

poz esto es como le va,el vive bien y aprende a convivir...aunque sigue igual de siempre,esto es todo y muchas gracias por ver la vida de scaring.. GRACIAS :D

[walkermichelle21]

DM on how to get started, you too can become rich. Invest on the forex market now you have the chance . #binary #binarytrading #forextrading #binaryexpert #con #conbase #binarytradi ng expert #binaryoptions #binarytraders #binaryoption #binarytrigger #binarycode #binaryoptionsignals #binaryoptionstrading #binarymoney #bigprofits #binaryexpert #binaryoptiontrader #binarytrading #binarytraders #investor #investing (at Baltimore, Maryland) https://www.instagram.com/p/BwepEjxn-IV/?igshid=v14mrnu41332

[robertbint-blog]

Hong Kong Stock Exchange Partners With Blockchain Firm to Improve Post-Trade Process

The Stock Connect project lets international and mainland Chinese investors deal in each other’s markets through their home exchanges’ podium to enhance the productivity of northbound trades.

[cronbase2]

Conbase

Cronbase: Đăng Ký Tài Khoản Miễn Phí Và Nhận Ngay 1000$. Sàn có giao diện đơn giản, mang lại trải nghiệm đẳng cấp quốc tế, đăng ký ngay hôm nay!

Link đăng ký: https://cronbase.cc/

Email: contact@cronbase.net

#cronbase #sancronbase #dangkycronbase

[druidoforboros]

I finally named my station today. Cosmic Ridge Station. I figure I will be naming the different locations seperately. The bar/grill is The Refinery.

Here are some new photos to share. This is my upstairs set up for my toys that my husband 3D printed for me. There are shelves above that have more toys on them. Then there is AutoBase with Teletran 1, weapons vault and sick bay. ConBase which has room, tower, throne and some other stuff. And the one I have been having the most fun with is The Refinery which has bar, tables and even DJ setup.

[jacobhinkley]

The Daily: Coinbase Introduces GBP Pairs, Hitbtc Adds EURS, Bitpanda Offers EOS

In today’s Bitcoin in Brief, we cover several decisions made by leading cryptocurrency exchanges regarding new trading options offered to clients. UK customers of Coinbase will be able to purchase cryptocurrencies with British pounds, Hitbtc has added support for the new euro-pegged stablecoin, EURS, and European exchange Bitpanda offers EOS. Also in The Daily, US exchange Poloniex is reportedly under investigation for denying users access to their accounts.

Also read: Check Which Coins You Can Spend With Debit Cards and Why Upcoming Fuzex Chooses BCH

Conbase’s UK Customers Can Buy Coins with Pounds

US-based crypto exchange Coinbase announced this week that its UK customers will be able buy cryptocurrencies with GBP. This is a good news for British residents who until recently had to maintain fiat funds in EUR and put up with slower purchasing times and foreign exchange fees. Now they can take advantage of same day payments and withdrawals. Zeeshan Feroz, CEO of Coinbase UK, commented:

UK banks have been conservative in terms of working with crypto businesses and we’re proud to be one of the first companies to get access to domestic banking.

On Wednesday, the company said it will begin adding GBP trading pairs such as GBP/BTC and GBP/ETH in the coming weeks. Coinbase expects that the new offerings will also be popular with professional traders as the pairs can be used to bet on currency movements in the global foreign exchange markets.

The San Francisco, California-based trading platform currently supports the following cryptocurrencies: bitcoin core (BTC), bitcoin cash (BCH), litecoin (LTC), and ethereum (ETH), and plans to introduce support for ethereum classic (ETC). Recently, the exchange announced it is “exploring the addition of several new assets”: cardano (ADA), basic attention token (BAT), stellar lumens (XLM), zcash (ZEC), and 0x (ZRX).

Hitbtc Adds Support for EURS Stablecoin

The new stablecoin on the block, euro-pegged EURS, has received another recognition. The cryptocurrency which is tied to the common European fiat, EUR, is now trading on one of the leading crypto exchanges, Hitbtc. “We’ve integrated $EURS on #HitBTC!” the trading platform recently posted on Twitter.

“Dear traders, we are happy to announce the official launch of the new stablecoin – Stasis EURS. Stasis is a new project on the marketplace, offering the first ever fiat-collateralized cryptocurrency pegged to Euro,” the exchange said in a blog post. According to Hitbtc, “the coin maintains the benefits of both traditional instruments of finance and crypto-markets” and “is already helping European institutional investors to join the world of crypto.”

The launch of EURS was announced in July by Stasis, a company that has applied for a crypto license in Malta. The new stablecoin, joining the dollar-pegged tether (USDT), is built on Ethereum’s EIP-20 standard and claimed to be backed 1-for-1 by euro. EURS is already trading on London-based DSX exchange. Stasis hopes to reach an order volume of up to $500 million by the end of 2018.

On July 31, Hitbtc went briefly offline explaining in a tweet that a hardware fault has caused the issue and informing users it will be unavailable for about 2 hours. The exchange assured its clients that their funds were safe without providing further details on the cause of the problem.

Bitpanda Offers EOS in Europe

Bitpanda, a leading European crypto exchange, has added EOS to its trading platform. The cryptocurrency with the fifth largest market capitalization, according to Satoshi Pulse, will also be available at a number of Post AG branches and branches of its partners across Austria. The addition is expected to both bolster the reputation of EOS and increase the trading volume of Bitpanda, considered to be the major crypto exchange on the Old Continent.

In June, Bitpanda expanded its offerings with two new coins, IOTA (MIOTA) and komodo (KMD), as news.Bitcoin.com reported. The announcement came after the successful launch of Bitpanda 2.0. Along with theses listings, the team of the exchange promised to add new coins on a regular basis in the future. Both cryptos were added as partners of Bitpanda and in response to popular demand within the Bitpanda community.

Poloniex Under Investigation in the US

Cryptocurrency exchange Poloniex has been placed under investigation by the US Department of Justice (DoJ). The move follows a number of complaints from users who had been denied access to their account profiles.

According to media reports, the Chief Special Investigator of the Investors Protection Unit (IPU) at the DoJ has sent out an email to a number of selected active Poloniex users on July 25, asking them to revert back if they had encountered any difficulties when using their Poloniex accounts.

The Delaware-based trading platform currently ranks 33rd among crypto exchanges, according to Coinmarketcap, with a daily trading volume of almost $35 million USD. Poloniex offers trading for close to 100 cryptocurrencies and digital tokens.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.

Images courtesy of Shutterstock.

Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Coinbase Introduces GBP Pairs, Hitbtc Adds EURS, Bitpanda Offers EOS appeared first on Bitcoin News.

The Daily: Coinbase Introduces GBP Pairs, Hitbtc Adds EURS, Bitpanda Offers EOS published first on https://medium.com/@smartoptions

[bowsetter]

The Daily: Coinbase Introduces GBP Pairs, Hitbtc Adds EURS, Bitpanda Offers EOS

In today’s Bitcoin in Brief, we cover several decisions made by leading cryptocurrency exchanges regarding new trading options offered to clients. UK customers of Coinbase will be able to purchase cryptocurrencies with British pounds, Hitbtc has added support for the new euro-pegged stablecoin, EURS, and European exchange Bitpanda offers EOS. Also in The Daily, US exchange Poloniex is reportedly under investigation for denying users access to their accounts.

Also read: Check Which Coins You Can Spend With Debit Cards and Why Upcoming Fuzex Chooses BCH

Conbase’s UK Customers Can Buy Coins with Pounds

US-based crypto exchange Coinbase announced this week that its UK customers will be able buy cryptocurrencies with GBP. This is a good news for British residents who until recently had to maintain fiat funds in EUR and put up with slower purchasing times and foreign exchange fees. Now they can take advantage of same day payments and withdrawals. Zeeshan Feroz, CEO of Coinbase UK, commented:

UK banks have been conservative in terms of working with crypto businesses and we’re proud to be one of the first companies to get access to domestic banking.

On Wednesday, the company said it will begin adding GBP trading pairs such as GBP/BTC and GBP/ETH in the coming weeks. Coinbase expects that the new offerings will also be popular with professional traders as the pairs can be used to bet on currency movements in the global foreign exchange markets.

The San Francisco, California-based trading platform currently supports the following cryptocurrencies: bitcoin core (BTC), bitcoin cash (BCH), litecoin (LTC), and ethereum (ETH), and plans to introduce support for ethereum classic (ETC). Recently, the exchange announced it is “exploring the addition of several new assets”: cardano (ADA), basic attention token (BAT), stellar lumens (XLM), zcash (ZEC), and 0x (ZRX).

Hitbtc Adds Support for EURS Stablecoin

The new stablecoin on the block, euro-pegged EURS, has received another recognition. The cryptocurrency which is tied to the common European fiat, EUR, is now trading on one of the leading crypto exchanges, Hitbtc. “We’ve integrated $EURS on #HitBTC!” the trading platform recently posted on Twitter.

“Dear traders, we are happy to announce the official launch of the new stablecoin – Stasis EURS. Stasis is a new project on the marketplace, offering the first ever fiat-collateralized cryptocurrency pegged to Euro,” the exchange said in a blog post. According to Hitbtc, “the coin maintains the benefits of both traditional instruments of finance and crypto-markets” and “is already helping European institutional investors to join the world of crypto.”

The launch of EURS was announced in July by Stasis, a company that has applied for a crypto license in Malta. The new stablecoin, joining the dollar-pegged tether (USDT), is built on Ethereum’s EIP-20 standard and claimed to be backed 1-for-1 by euro. EURS is already trading on London-based DSX exchange. Stasis hopes to reach an order volume of up to $500 million by the end of 2018.

On July 31, Hitbtc went briefly offline explaining in a tweet that a hardware fault has caused the issue and informing users it will be unavailable for about 2 hours. The exchange assured its clients that their funds were safe without providing further details on the cause of the problem.

Bitpanda Offers EOS in Europe

Bitpanda, a leading European crypto exchange, has added EOS to its trading platform. The cryptocurrency with the fifth largest market capitalization, according to Satoshi Pulse, will also be available at a number of Post AG branches and branches of its partners across Austria. The addition is expected to both bolster the reputation of EOS and increase the trading volume of Bitpanda, considered to be the major crypto exchange on the Old Continent.

In June, Bitpanda expanded its offerings with two new coins, IOTA (MIOTA) and komodo (KMD), as news.Bitcoin.com reported. The announcement came after the successful launch of Bitpanda 2.0. Along with theses listings, the team of the exchange promised to add new coins on a regular basis in the future. Both cryptos were added as partners of Bitpanda and in response to popular demand within the Bitpanda community.

Poloniex Under Investigation in the US

Cryptocurrency exchange Poloniex has been placed under investigation by the US Department of Justice (DoJ). The move follows a number of complaints from users who had been denied access to their account profiles.

According to media reports, the Chief Special Investigator of the Investors Protection Unit (IPU) at the DoJ has sent out an email to a number of selected active Poloniex users on July 25, asking them to revert back if they had encountered any difficulties when using their Poloniex accounts.

The Delaware-based trading platform currently ranks 33rd among crypto exchanges, according to Coinmarketcap, with a daily trading volume of almost $35 million USD. Poloniex offers trading for close to 100 cryptocurrencies and digital tokens.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.

Images courtesy of Shutterstock.

Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Coinbase Introduces GBP Pairs, Hitbtc Adds EURS, Bitpanda Offers EOS appeared first on Bitcoin News.

READ MORE http://bit.ly/2vvlE4R

[lochinvarlass]

Follow on Twitter https://twitter.com/LochinvarLass LochinvarLass

[matrixcoin]

Coinbase Patents AI Compliance System to Monitor as well as Flag Accounts

he license describes an enforcement mechanism, noting: “the customer accounts that fail conformity are flagged to suggest non-compliant accounts … restorative activity is carried out only for the accounts that are flagged as non-compliant accounts.”

Popular UNITED STATE cryptocurrency exchange Coinbase received a license November 19, for an AI-driven conformity system which would certainly check client accounts, flagging those regarded non-compliant and recategorizing them for corrective activity. Referred to as a “conformity resolution as well as enforcement platform and also method,” the brand-new system would keep track of a long list of KYC/AML-related information, including “degree of due diligence that has been executed on the customer account.” Coinbase Granted Patent The brand-new license for Coinbase’s “Self-learning conformity resolution and enforcement platform” was filed on Sept. 21, 2016, and was approved simply over three years later, recently, on Nov. 19. The license details that “The compliance model core consists of a factor entering component, a conformity rating version, a comparator, and a flagging system,” and also will evaluate user account details consisting of however not limited to: age, “due persistence,” balance, purchase volumes, geographical area, previous testimonials, if and just how an individual has actually confirmed identity, email domain, number of addresses, “number of bitcoin addresses transacted with,” variety of bank accounts, IPs, telephone number, confirmation efforts, and also “the other celebration in the purchase.”

If and also when Coinbase plans to execute the recently copyrighted system is unknown. While KYC and also AML needs as well as enforcement is the standard in mainstream crypto exchange these days, some relatively arbitrary factors to be computed by AI, such as “due persistence” are a reason for worry in those examining the values of such systems. Not to mention the large degree of individual and exclusive details to be analyzed. The Crypto Room Shares Misgivings About the System He continues: “At what point do people represent personal privacy any longer? These actions take control away from people and also give them monetary facilities whose goals are self-offering. Do people just simply not care about individual freedoms any longer? If individuals do care, why are we collectively being so silent while this happens?” Another Redditor says “Reported to authorities if the purchase is greater than 2k? Wow that can not be major,” dealing with a prime focus in the license that details:

KYC/AML Worldwide The sensation of ever-constricting KYC, as well as AML requirements, is not limited to Coinbase, nonetheless, and as policies on crypto are still obscure and also lack uniformity in numerous political jurisdictions, exchanges are pressured to follow the strictest interpretations of legislations possible to legitimately protect themselves. The inter-governmental Financial Activity Task Force (FATF) remains to work out excellent influence over the crypto space, because the launch of its new advice in June, and governments have little option yet to start applications to comply with proposed plans.

What do you think about the new Coinbase patent and KYC/AML guidelines? Allow us to understand in the remarks area below.

… the detective additionally determines whether the transaction that has caused non-compliance is larger than $2000 USD (a predetermined quantity). If the purchase is larger than $2000 USD, the detective … thinks about filing a report with the appropriate authorities. Other commenters require permissionless, peer-to-peer trading privately, while still others question the very legality of the recommended methods. “You do not have to work with conbase. Discover another exchange,” one customer replies.

The post Coinbase Patents AI Compliance System to Monitor as well as Flag Accounts appeared first on .

The post Coinbase Patents AI Compliance System to Monitor as well as Flag Accounts appeared first on .

from WordPress https://ift.tt/34GDTF8 via IFTTT

[coin-news-blog]

Coinbase Patents AI Compliance System to Monitor and Flag Accounts

New Post has been published on https://coinmakers.tech/news/coinbase-patents-ai-compliance-system-to-monitor-and-flag-accounts

Coinbase Patents AI Compliance System to Monitor and Flag Accounts

Coinbase Patents AI Compliance System to Monitor and Flag Accounts

Popular U.S. cryptocurrency exchange Coinbase received a patent November 19, for an AI-driven compliance system which would monitor customer accounts, flagging those deemed non-compliant and recategorizing them for corrective action. Described as a “compliance determination and enforcement platform and method,” the new system would monitor a long list of KYC/AML-related details, including “level of due diligence that has been performed on the user account.”

Coinbase Granted Patent

The new patent for Coinbase’s “Self-learning compliance determination and enforcement platform” was filed on Sept. 21, 2016 and was granted just over three years later, last week, on Nov. 19. The patent details that “The compliance model core includes a factor entering module, a compliance score model, a comparator, and a flagging unit,” and will review user account details including but not limited to: age, “due diligence,” balance, transaction volumes, geographical location, previous reviews, if and how a user has verified identity, email domain, number of addresses, “number of bitcoin addresses transacted with,” number of bank accounts, IPs, phone numbers, verification attempts, and “the other party in the transaction.”

The patent describes an enforcement mechanism, noting: “the user accounts that fail compliance are flagged to indicate non-compliant accounts … corrective action is executed only for the accounts that are flagged as non-compliant accounts.”

If and when Coinbase intends to implement the newly patented system is unknown. While KYC and AML requirements and enforcement are the norm in mainstream crypto exchange these days, some seemingly arbitrary factors to be calculated by AI, such as “due diligence” are a cause for concern in those questioning the merits of such systems. Not to mention the sheer level of personal and private details to be examined.

The Crypto Space Expresses Misgivings About the System

Redditor u/Zinclepto addresses the Coinbase patent in a recent post writing:

KYC measures in this space are extreme and beyond what’s required by law. Where does the line get drawn?

He continues: “At what point do people stand for privacy anymore? These measures take control away from individuals and give them to financial establishments whose goals are self serving. Do people just simply not care about individual liberties anymore? If people do care, why are we collectively being so silent while this occurs?” Another Redditor says “Reported to authorities if the transaction is more than 2k? Wow that can’t be serious,” addressing a focal point in the patent that details:

…the investigator also determines whether the transaction that has resulted in non-compliance is larger than $2000 USD (a predetermined amount). If the transaction is larger than $2000 USD, the investigator … considers filing a report with the relevant authorities.

Other commenters call for permissionless, peer-to-peer trading privately, while still others question the very legality of the proposed practices. “You don’t have to do business with conbase. Find another exchange,” one user replies.

KYC/AML Worldwide

The phenomenon of ever-constricting KYC and AML requirements is not limited to Coinbase, however, and as regulations on crypto are still vague and lack uniformity in many political jurisdictions, exchanges are pressured to adhere to the strictest interpretations of laws possible to legally protect themselves. The inter-governmental Financial Action Task Force (FATF) continues to exercise great influence over the crypto space, since the release of its new guidance in June, and governments have little choice but to begin implementations to adhere to prescribed policies.

Source: news.bitcoin

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Avoid Paying Fees with the Access of Coinbase Pro

Coinbase is known to offer trading platform for cryptocurrency trading. There are many people who are truly fond of using this inventive technology. The reason behind using this technology is the overview of the newest variety comprised of cutting-edge features.

At the early stage of the Coinbase, a consumer needs to pay some charges which started to obtain reduced while scheduled with pioneering features. And, now the user will recurrently get switched to the Conbase pro where they will not requirement to pay any charge.

Hence, let’s move ahead while moving step by step to acquire the lowest fees for paying to exchange stage. So, let’s move ahead:

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Once you have secured the funds, you can continue for the next step.

Now, head on over to Coinbase and login with the admittance of your Coinbase credentials by introduce the ID proof that used for Coinbase.

With Coinbase Pro, you requirement to click on the deposit button shown on the higher left corner of the screen.

Now, you requirement to enter the amount of fund want to transfer

Above shown procedure is the way that can help you to use Coinbase for buying, transferring, and selling cryptocurrency without paying any charge. Nonetheless, if you want to gather more info concerning Bitcoin, just dial a Coinbase support phone number and find the complete solutions.

Resource link: https://medium.com/@rosejsmith52/things-you-know-about-the-usability-for-bitstamp-pro-exchange-7c7422c72bc7