- KuCoin will implement necessary KYC authentication guidelines from July 15, 2023.
- Newly registered customers should undergo the KYC course of to entry KuCoin merchandise.
- Non-KYC customers registered earlier than July 15, 2023 will face restricted entry.
KuCoin, one of many world’s main crypto exchanges, has introduced a major improve to implement new Know Your Buyer (KYC) guidelines and authentication methods, which can come into impact on July 15, 2023.
This strategic transfer goals to align with world compliance requirements, foster a safer enterprise atmosphere, and strengthen consumer account safety.
Beginning July 15, 2023, all newly registered customers should full the KYC course of to entry KuCoin’s full suite of services and products. This mandate establishes a excessive stage of accountability and transparency throughout the platform.
Nonetheless, customers who registered earlier than July 15, 2023 and don’t undergo the KYC process will face restricted entry to particular options. These individuals will solely be capable of use providers equivalent to Spot Promote Orders, Futures Deleveraging, Margin Deleveraging, KuCoin Earn Redemption, and ETF Redemption. Deposit providers won’t be accessible, though withdrawals won’t be affected.
Johnny Lyu, CEO of KuCoin, underscored the trade’s unwavering dedication to prioritizing asset safety for its customers. As a globalized platform, KuCoin diligently displays crypto laws in varied jurisdictions and meets compliance necessities, thus offering higher asset safety.
Lyu pointed to the speedy evolution of the crypto business from area of interest adoption to mainstream utilization, which has consequently raised safety considerations for on-chain property. In response, KuCoin has proactively strengthened its KYC system to satisfy world regulatory necessities and make sure the security of all crypto consumer property via sturdy KYC protocols.
Throughout the improve interval, customers can relaxation assured that their property stay safe as KuCoin continues its relentless pursuit of bettering providers.
For detailed data or inquiries about KYC authentication changes, customers are inspired to go to the assist heart, be part of the Telegram group or contact the net customer support crew.
With over 27 million customers in 207 nations, KuCoin gives entry to over 700 digital property. The trade secured $150 million in investments in 2022, leading to a valuation of $10 billion, and is acknowledged as one of many prime 5 crypto exchanges by CoinMarketCap.
