Blockchain Press Releases
Veriff Achieves UK Government Digital Identity and Attributes Trust Framework Certification
Certification ensures that Veriff customers can remotely onboard and verify users in the UK while complying with governmental requirements
LONDON, July 11, 2023 /PRNewswire/ — Veriff, a global identity verification provider, today announced it has achieved certification against the UK government’s Digital Identity and Attributes Trust Framework (UKDIATF), a government initiative aimed at establishing a secure and trustworthy digital identity ecosystem in the region as a part of its digital transformation efforts. With this certification, Veriff customers can verify the identities of UK-based users more confidently, while complying with UK government approved rules.
Introduced last year, UKDIATF provides guidance and requirements for identity and authentication service providers to ensure that they meet certain technical and security standards, as well as principles for protecting users’ privacy and data. The Home Office in the UK recommends companies use certified identity service providers (IDSPs) that meet the trust framework standards for Right to Work, Right to Rent and Disclosure and Barring Service’s (DBS) checks.
“I’d like to congratulate Veriff for this achievement and welcome you to being part of the UKDIATF community. I am looking forward to seeing continuous progress with your digital transformation efforts in the UK,” said Tony Allen, Executive Director at ACCS.
UKDIATF ensures that the companies that are part of this digital identity ecosystem, like Veriff, are held accountable and consistently meet high security standards under strict governance, while improving the efficiency and user experience of remote IDV and reducing the risk of fraud for businesses.
“This certification gives our global customers additional assurance that our internal processes meet generally accepted best practices. Even though UKDIATF is specifically designed for the UK market, certification requirements such as data privacy, risk management, and others – are in line with global industry standards,” said Indrek Heinloo, COO of Veriff. “Certifications like these are a true testament to our continued commitment to building trust and stopping fraud simply and effectively. Being a part of the UKDIATF community gives our existing and new customers even more confidence in our technology, security, and processes.”
The verification process is simple yet thorough for UK users. If an individual wants to rent accommodation or work in the UK, the “Right to Rent” or “Right to Work” checks are required. As part of the verification process, a user takes a photo of their ID and a selfie. Their identity and document authenticity are then checked. Finally, checks against the CIFAS database, Credit history, Electoral roll, and Politically Exposed Person (PEP) registry are run. If a user passes all these checks, their session is approved.
To learn more about Veriff’s UKDIATF certification, please visit us here.
About Veriff
Veriff is the preferred identity verification partner for the world’s biggest and best digital companies, including pioneers in fintech, crypto, gaming and the mobility sectors. The partner of choice for businesses who need to rapidly and effortlessly verify online users from anywhere in the world, Veriff delivers the widest possible identity document coverage. To learn more, visit veriff.com.
About ACCS
The Age Check Certification Scheme (ACCS) is a UKAS-accredited conformity assessment body, comprised of auditors, certification specialists, and data protection experts. We independently test and certify online and offline systems that check age and identity, such as passport scanners, biometric technology, and age verification software. The Age Check Certification Scheme’s mission is to protect children from the harm associated with access to age-restricted products, content and services.
Logo – https://mma.prnewswire.com/media/1875368/Veriff_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/veriff-achieves-uk-government-digital-identity-and-attributes-trust-framework-certification-301873021.html
The new, fully self-owned facility enhances Compass’s capacity and offers customers greater choice for machine deployment
WILMINGTON, Del., Nov. 19, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and services, today announced its acquisition of property and power agreements to establish a state-of-the-art mining facility in Iowa. Construction is already underway on the expandable facility, with an initial 8 megawatts (MW) scheduled for energization in January 2025 and plans for expansion up to 30 MW as Compass pursues additional infrastructure investments.
Located on a 5-acre greenfield site, the new Iowa facility marks a significant step in the Company’s growth strategy, increasing its self-owned infrastructure portfolio. With an Electric Service Agreement (ESA) in place, Compass is on track to energize 8 MW of capacity by January 2025. Once operational, Compass customers will have the option to select “Iowa 4″ as the deployment location for new machines purchased through Compass’s platform.
Compass Mining has traditionally partnered with third-party facilities but is actively working to reduce counterparty risk through ownership of its own sites, such as the new Iowa facility, which is both self-owned and self-operated. This ownership model allows Compass to strengthen control over its operations and offer enhanced flexibility to customers.
“This new site marks an important milestone,” said Shanon Squires, Chief Mining Officer of Compass Mining. “By increasing our self-owned capacity, we can provide our customers greater operational control. At the same time, our partnerships with reliable third-party facilities provide our customers greater deployment flexibility, reflecting both power market dynamics and geographic diversity.”
The Iowa facility builds on Compass’s broader U.S. expansion, following the successful energization of facilities across Kentucky (10 MW) and Nebraska (7.5 MW) earlier this year. In 2024 alone, Compass has energized nearly 50 MW of new power capacity across Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas, with an additional 20 MW planned by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Logo – https://mma.prnewswire.com/media/1957082/Compass_Mining_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/compass-mining-expands-into-iowa-with-new-30-mw-bitcoin-mining-facility-302308035.html
Blockchain Press Releases
Ethiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
DUBAI, UAE, Nov. 18, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce an Ethiopia-only limited time offer for Bybit P2P users. From now to Dec. 5, eligible makers and users on Bybit P2P can choose a special rewards track while capturing opportunities in P2P trading.
Registration is required for all three events:
1. Merchant-exclusive Event
On Bybit P2P, users may enter the P2P Maker Battle for a share of a 2,000 USDT prize pool. Merchants may get a share of the prize pool by placing a sell ad in the Ethiopian Birr (ETB) on the Bybit P2P marketplace, inviting others to buy USDT.
The prize pool will be divided by the top 10 merchants who trade with the largest number of unique users, and complete a minimum trading volume of 5,000 USDT and minimum number of 50 unique buyers. To qualify, the Merchant must register and submit their UIDs using this form.
2. Cashback Event: Up to 2% for Existing Users
All buyers have a chance at an easy win from another 8,000 USDT prize pool. Existing P2P users may simply trade to reach a minimum of 500 USDT in trading volume to unlock 2% cashback, up to 10 USDT per user.
3. Sharers Get More
Users have another way to access a 2,000 USDT prize pool by using the “share” button to spread the word about their ETB journey on Bybit P2P. The top 10 participants with the highest views will get to tell their stories and take home the rewards. Interested users may use this form to submit their work.
P2P trading is an organic part of the crypto market and an indispensable tool for improving financial inclusion and interconnectivity between community members. Bybit P2P provides a secure and user-friendly peer-to-peer trading solution, enabling users to seamlessly trade among themselves at zero fees.
Bybit offers resources about posting trades on Bybit P2P, and Ethiopian users may visit here for more.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2559015/Ethiopia_Exclusive_Bybit.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ethiopia-exclusive-bybit-livens-up-p2p-marketplace-with-12-000-usdt-in-rewards-302308680.html
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
-
Blockchain Press Releases6 days agoVantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period
-
Blockchain5 days agoMoney Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
-
Blockchain Press Releases6 days agoBybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain Press Releases5 days agoBlockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
-
Blockchain Press Releases5 days agoVantage Australia Celebrates 15 Years of Trading Innovation with Groundbreaking Anniversary Video
-
Blockchain4 days ago
This Week in Finance News: 11 Stories You Need to See
-
Blockchain5 days agoBybit Web3 Launches World’s Largest GameFi Playground at Crypto Ark-ade as GameFi Market Size Surges to $20bn
-
Blockchain5 days ago
Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR
