• KuCoin will implement obligatory KYC verification guidelines from fifteenth July 2023.
• Newly registered customers are required to finish the KYC course of with the intention to entry KuCoin merchandise.
• Non-KYC customers registered earlier than July 15, 2023 can have restricted entry.

KuCoin, the world’s main cryptocurrency alternate, has introduced a serious improve to implement new Know Your Buyer (KYC) verification guidelines and methods that can come into impact from fifteenth July 2023.

This strategic transfer goals to adjust to world compliance requirements, promote a safer buying and selling setting, and higher defend person accounts.

After July 15, 2023, all newly registered customers will probably be required to finish a KYC course of to entry KuCoin’s complete vary of services and products. This obligation establishes a excessive degree of accountability and transparency inside the platform.

Nevertheless, customers who registered earlier than July 15, 2023 and didn’t bear the KYC process can have restricted entry to sure options. These people will solely be capable to make the most of companies akin to spot buying and selling promote orders, futures buying and selling deleveraging, margin buying and selling deleveraging, KuCoin Earn redemption, and ETF redemption. Deposit companies will probably be unavailable, however withdrawals is not going to be affected.

KuCoin CEO Johnny Liu emphasised the alternate’s unwavering dedication to prioritizing the safety of its customers’ property. As a globalized platform, KuCoin diligently displays crypto laws in numerous jurisdictions and adheres to compliance necessities to offer enhanced asset safety.

Lyu emphasised that the cryptocurrency trade is quickly evolving from area of interest adoption to widespread adoption, leading to rising safety considerations for on-chain property. In response, KuCoin has aggressively enhanced his KYC system to satisfy world regulatory calls for and make sure the security of all cryptocurrency person property by way of his sturdy KYC protocol.

Throughout the improve interval, customers can relaxation assured that their property will stay protected whereas KuCoin will relentlessly pursue service enhancements.

For extra info or inquiries relating to KYC verification changes, we suggest visiting our help heart, becoming a member of our Telegram group, or contacting our on-line customer support staff.

With over 27 million customers in 207 international locations, KuCoin gives entry to over 700 digital property. The alternate has secured $150 million in funding in 2022 with a $10 billion valuation and is acknowledged as one of many prime 5 cryptocurrency exchanges by CoinMarketCap.