Binance to Implement KYC Solutions from Financial Services Giant Refinitiv

Binance, one of the largest crypto markets, signed on Tuesday a partnership with global financial services giant Refinitiv with the aim to implement automated Know Your Customer (KYC) procedures. The cooperation will allow the exchange to follow the existing anti-money laundering (AML) rules that are in force for the fiat world, in a bid to build trust with regulators and financial institutions, Binance chief financial officer (CFO) Wei Zhou explained.

Refinitiv, previously known as F&R company, is the former financial and risk division of Thomson Reuters. The firm rebranded itself earlier this year after the US company Blackstone (NYSE:BX) acquired a majority stake in the analytical entity. Refinitiv offers KYC solutions based on a world check – a …

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