kyc

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🔐 1️⃣ Secure your account immediately
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I've been thinking repeatedly about one thing recently:
Why are there more and more chains, while the technology is getting stronger, but users are becoming more and more 'unaware'?
Later I realized a problem - most tokens were only treated as 'money' from the very beginning of their design.
And VANRY may be taking a completely different path.
At first, VANRY was just 'something that can be used to pay'
To be honest, when I first looked at #Vanar I didn't have a particularly strong feeling about VANRY right away.
It looks quite standard:
• Used to pay for online behavior
• Used to support ecosystem operations

(Cybercrime Prevention Law): A severely underestimated legislative earthquake #Web3
On January 31, 2026, against the backdrop of severe market fluctuations due to liquidity pressures, the Ministry of Public Security, together with relevant departments, officially solicited public opinions on the (Cybercrime Prevention Law (Draft for Public Comments)).
In stark contrast to the market's violent reaction, public opinion is unusually quiet. Searching for 'Cybercrime Prevention Law' on X (Twitter) yields very few discussions. Most practitioners' intuitive response is:
Is it another extension of a ministry document?

If you want to use the Banxa feature for KYC (Know - Your - Customer), you'll need to part with some of your fiat currency first. Why? Well, this is how you activate your Pi wallet. 💰💳 Until you complete the migration process, you can't carry out transactions in your Pi wallet. But for now, let's forget about the migration part for a moment.
If you're eager to transact with Pi in your Pi wallet, going through the Banxa KYC is the way to go. 🚀 Once you've successfully completed the Banxa KYC, your wallet will be activated, and voila! You can start transacting Pi. It's like unlocking a secret treasure chest filled with Pi - related possibilities. 🎁
Now, here comes the next step. If you decide to buy Pi on an exchange, you'll then be able to transfer those purchased Pi coins into your newly activated Pi wallet. 📦 It's important to note that this is different from just buying Pi on an exchange without activating your wallet. When your wallet isn't activated, you can buy Pi on the exchanges, but those Pi coins will be stuck on the exchange. You won't be able to transfer them to your Pi wallet because, as mentioned, your first migration hasn't taken place yet. But with the Banxa KYC and wallet activation, you'll be able to move those exchange - bought Pi coins to your very own Pi wallet. 🏦
I really hope this explanation has cleared up all your doubts! Now you know how to navigate this Pi Network - Banxa - wallet - exchange situation. Let the Pi - transacting fun begin! 🎉

#PiNetwork #kyc #CryptoTransactions #Banxa

#web3 #kyc #Binance #writetoearn
Coinbase's Base chain looks like just another Layer 2, but upon closer inspection, it reveals a carefully designed Trojan horse strategy.
Base does not pursue technological innovation but focuses on compliance and user experience. It directly integrates Coinbase's KYC system, allowing Web2 users to seamlessly enter Web3. More importantly, Base is becoming the default choice for traditional enterprises entering the crypto world. Starbucks' NFT project, Nike's digital sneakers, and an increasing number of mainstream brands are choosing Base as their launch platform.
The logic behind this is very clear. What enterprises need is not the most decentralized chain, but the most compliant and stable chain. Base provides exactly this kind of certainty. With Coinbase's brand endorsement, U.S. regulatory compliance, and a mature user system.
When a large number of Web2 users and enterprises flock to Base, it will become a de facto "enterprise chain". No matter how technologically advanced other public chains are, it will be difficult to shake this first-mover advantage. Coinbase is redefining the rules of the public chain competition with Base.

📅 October 22 | Canada
The Canadian government has just sent a brutal warning to the crypto ecosystem: Cryptomus, one of the most active exchange platforms in the country, has been sanctioned with a record fine for failing to comply with money laundering (AML) and identity verification (KYC) regulations. The blow—considered the most severe in the country's history for a digital exchange—makes clear that Canada will not tolerate regulatory loopholes or negligence in the supervision of crypto transactions.

📖 According to The Block, the Financial Reports and Transactions Analysis Center of Canada (FINTRAC) imposed a multi-million dollar fine on Cryptomus Exchange, accusing it of serious deficiencies in its KYC controls and monitoring of suspicious activity.
Although the exact amount was not officially revealed, sources close to the investigation indicated that the penalty exceeds 10 million Canadian dollars, becoming the highest penalty ever applied to a crypto company in Canada.
The case began to develop more than a year ago, when investigators detected irregular patterns in thousands of small transfers that, when aggregated, moved millions of dollars between accounts linked to high-risk jurisdictions.
According to FINTRAC, Cryptomus did not report these operations or adequately verify the identity of numerous users, violating national illicit financing laws.
A spokesperson for the organization stated:
"Platforms that operate in Canadian territory must understand that cryptocurrencies are not outside the law. Innovation cannot be an excuse for a lack of transparency."
The sanction has generated immediate repercussions. Experts point out that this could mark the beginning of a new stage of stricter supervision on crypto exchanges in the country, just when Canada seeks to balance its role as a technological hub with the protection of the financial system.
Meanwhile, Cryptomus has promised to cooperate and update its KYC and AML protocols to “meet the highest international standards.” However, analysts warn that the company's reputation could be irreversibly damaged.

Topic Opinion:
I think this sanction was inevitable. For years, some platforms hid behind decentralization to avoid basic controls. But market growth requires maturity and compliance. If we want cryptocurrencies to gain global respect, we must take transparency, KYC and traceability seriously. Financial freedom should not be confused with impunity.
💬 Do you think Canada is being too harsh on exchanges?

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#Canada #cryptocurrencies #bitcoin #kyc #CryptoNews $BTC