MEXC Exchange Imposes KYC Restrictions on Chinese Users
According to reports, the cryptocurrency exchange MEXC is taking action against users who are not confirmed and may be from China’s mainland. Chinese blockchain journalist Colin Wu claims that MEXC has started limiting mainland Chinese users’ accounts who still need to finish the KYC (Know Your Customer) verification process. Wu cites sources in the local […]
Bitget to Introduce Mandatory KYC Requirements
Bitget, the world’s 10th largest cryptocurrency exchange, is implementing comprehensive Know Your Customer (KYC) requirements for all English-speaking users. With effect from December 15, the security-enhancing measure complies with all applicable regulations to guarantee platform compliance. Bitget is executing its KYC procedures in two layers in response to customer requests and the demand for flexibility. […]
Coinbase Launches On-Chain Identity Verification Platform
Coinbase has announced the launch of its Verifications platform, which brings know-your-customer policies on-chain using the Ethereum Attestation Service. Coinbase, one of the largest and most popular crypto exchanges, has launched its Verifications platform, which brings identity verification on-chain using the Ethereum Attestation Service (EAS). The exchange said that launching identity verification on the chain […]
Binance Japan to Rely on Liquid for Biometric Identity Verification
Binance is set to re-enter the Japanese market by partnering with Liquid, a biometric data authentication service, to meet Japan’s stringent KYC regulations. It makes use of an AI-based image processing system. It facilitates identity checks that adhere to the regional Japanese KYC rules. Gathering biometric information is crucial to KYC procedures. Due to privacy […]
The Sandbox Employs KYC Measures for Protocol Staking
Metaverse website made an announcement stating that the Sandbox would need Know Your Customer (KYC) verification for its staking procedures. According to the release, non-verified users will be restricted to withdrawals only and cannot stake The Sandbox (SAND $0.40) tokens, which are native to the platform. Users are presently staking 123 million SAND, or 6.7% […]