- From 2023 July 15 KuCoin will begin implementing obligatory KYC authentication guidelines.
- Newly registered customers should full the KYC course of to entry KuCoin merchandise.
- Non-KYC customers registered earlier than 2023 July 15, could have restricted entry.
Main world cryptocurrency trade KuCoin has introduced a significant improve to implement new Know Your Buyer (KYC) authentication guidelines and methods that can come into power from 2023. July 15
This strategic transfer goals to align with world compliance requirements, promote a safer buying and selling surroundings and strengthen consumer account safety.
From 2023 July 15 all newly registered customers should full the KYC course of to entry KuCoin’s big selection of services and products. This mandate ensures a excessive stage of accountability and transparency on the platform.
Nonetheless, customers who registered earlier than 2023 July 15 and haven’t accomplished the KYC process could have restricted entry to particular options. These people will solely be capable of entry providers resembling spot commerce promote orders, futures buying and selling deleveraging, margin buying and selling deleveraging, KuCoin Earn redemption and ETF redemption. Deposit providers will probably be unavailable, however withdrawals will stay unchanged.
Johnny Lyu, CEO of KuCoin, emphasised the trade’s continued dedication to prioritizing the safety of its customers’ property. As a globalized platform, KuCoin diligently screens cryptocurrency rules in numerous jurisdictions and adheres to compliance necessities, thereby providing enhanced asset safety.
Lyu highlighted the speedy evolution of the cryptocurrency trade from area of interest adoption to widespread use, elevating issues in regards to the safety of on-chain property. In response, KuCoin has proactively strengthened its KYC system to satisfy world regulatory necessities and make sure the safety of all cryptocurrency customers’ property by way of strong KYC protocols.
Through the improve interval, customers can relaxation assured that their property will stay safe and KuCoin will proceed to relentlessly pursue improved providers.
For particulars or queries concerning KYC authentication changes, customers are inspired to go to the help middle, be part of the Telegram group, or contact the web customer support group.
With over 27 million customers in 207 nations, KuCoin gives entry to over 700 digital property. in 2022 the inventory trade secured 150 mln. USD funding, so the estimate reached 10 billion. USD and CoinMarketCap is acknowledged as one of many high 5 cryptocurrency exchanges.
