Cryptocurrency derivatives exchange Bitget is updating its KYC policy to meet global regulatory guidelines.
its Know Your Customer requirements for users to stay in step with global regulatory guidelines.
BitGet will adjust its KYC verification requirements from September 2023, with newly registered users required to complete level 1 KYC verification to access a variety of Bitget’s services, including deposits and trading of cryptocurrencies.Users that sign up to the platform before Sept. 1 are required to complete KYC verification by Oct. 1, 2023. The derivatives exchange notes that users who have not completed the process through September can still deposit, withdraw and trade.
The Seychelles-based platform is the latest exchange to announce that it would be updating its KYC policy.similar requirements in July 2023, introducing mandatory identity checks for all new users to align with global Anti-Money Laundering regulations. Users that failed to complete KYC checks are unable to access KuCoin’s services and products. KuCoin users are required to provide their names, ID numbers, ID photo and complete a facial recognition process.
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