Seychelles-based crypto exchange KuCoin is pushing for mandatory KYC upgrades as its competitors face regulatory challenges across various jurisdictions.
In a bid to embrace global compliance requirements, KuCoin announced an upgrade of its KYC authentication rules and systems from next month onwards.
Beefing Up KYC Measures
The new rules mandate all newly registered users to complete KYC starting July 15 to access KuCoin’s full suite of products and services to ensure a “high level of accountability and transparency” within the platform. Existing users failing to complete the KYC process will be offered limited access to certain features, the company said in a statement.
As such, spot trading sell orders, futures trading deleveraging, margin trading deleveraging, KuCoin Earn redemption, and ETF redemption will be accessible, but deposit services will be unavailable for users with non-KYC status. Fund withdrawals, on the other hand, will remain unaffected.
KuCoin CEO Johnny Lyu s
We współpracy z: https://cryptopotato.com/kucoin-introduces-mandatory-kyc-checks-for-all-users/
