KuCoin crypto exchange to introduce mandatory KYC in July

Cointelegraph
Cointelegraph

28 Jun 2023 10:00 AM

KuCoin exchange is preparing to introduce new KYC checks on its platform starting from July 15, banning new non-KYC users from access to services....

  • KuCoin, a major cryptocurrency exchange, is implementing new mandatory identity checks to strengthen its Know Your Customer (KYC) system.
  • The KYC authentication upgrade will require all new users to complete KYC checks starting from July 15, 2023.
  • Existing users who registered before July 15, 2023, will also need to complete the KYC process to access certain features on KuCoin.
  • Users who do not complete KYC will not be able to access KuCoin's products and services, except for some limited features.
  • The new KYC system aims to increase compliance with global Anti-Money Laundering regulations and enhance asset security for cryptocurrency users.

The article highlights KuCoin's efforts to strengthen its KYC system, which can be seen as a positive step towards compliance and asset security for cryptocurrency users.

Go to publisher site

You May Ask

What is the purpose of KuCoin's new KYC system upgrade?When will the mandatory KYC checks for new users start?What will happen to existing users who registered before July 15, 2023, if they do not complete the KYC process?Which services will still be available for existing non-KYC users on KuCoin?How many registered accounts did KuCoin have as of July 2022, and what is its daily trading volume?

Suggested Reads