Crypto Exchange KuCoin to Introduce Mandatory ID Checks Next Month
As of July 15, new customers will be required to complete identification checks to use KuCoin's services.
Cryptocurrency exchange KuCoin said it will introduce mandatory know-your-customer (KYC) checks next month.
Starting July 15, new customers will be required to complete a KYC process to start using KuCoin's services, the exchange . Existing customers who do not complete KYC will not be able to trade or make deposits.
Crypto exchanges have been checks, with regulators saying that these help fuel fraud, money laundering and terrorist financing.
KuCoin, which said as of end-2022, is one of the world's largest crypto exchanges with 24-hour trading volume of $531 million, .
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Edited by Sheldon Reback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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