WEB3
by BSCN
August 21, 2023
Starting September 1, all newly registered users will be required to complete basic KYC in order to deposit and trade on the exchange.
SUMMARY
In a bid to align with global crypto regulations, crypto exchange Bitget has announced upcoming adjustments to its know-your-customer (KYC) requirements.
Starting September 1, newly registered users will be mandated to complete level 1 KYC verification in order to access Bitget’s range of services, including deposit and trading o digital assets.
For users who signed up before Sept 1, a level 1 KYC verification must be completed before October 1. Starting October 1, users who fail to meet level 1 KYC requirements will only be able to withdraw, cancel orders, redeem subscriptions, and close positions.
In July, Kucoin, another crypto exchange, enhanced its Customer Identification and Verification Program, enforcing mandatory KYC for all users.
Bitget’s level one KYC verification requires users to provide a government-issued identity document and undergo facial authentication.
This proactive measure underscores Bitget's commitment to safeguarding user interests while adhering to evolving global cryptocurrency regulations.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
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