1 year ago
Cryptocurrency speech KuCoin said it volition present mandatory know-your-customer (KYC) checks adjacent month.
Starting July 15, caller customers volition beryllium required to implicit a KYC process to commencement utilizing KuCoin's services, the speech said connected Wednesday. Existing customers who bash not implicit KYC volition not beryllium capable to commercialized oregon marque deposits.
Crypto exchanges person been met with disapproval for perceived lax KYC checks, with regulators saying that these assistance substance fraud, wealth laundering and violent financing.
KuCoin, which said it had implicit 27 cardinal users arsenic of end-2022, is 1 of the world's largest crypto exchanges with 24-hour trading measurement of $531 million, according to information by CoinGecko.
Edited by Sheldon Reback.
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