KYC Verification

Bitget will soon require new users to undergo level 1 KYC (Know Your Customer) verification. Starting Sep. 1, users will have to provide an identification document, such as a passport, and undergoing facial recognition. Current users are given until Oct. 1 to fulfill this requirement. See Also:...

In a bid to enhance user experience, hardware wallet provider Ledger on Wednesday announced its integration with PayPal (NYSE: PYPL) to simplify the process of buying cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), for U.S.-based users via the Ledger Live...

By Alex Zeltcer, Co-Founder & CEO of nSure.ai Anti-money laundering (AML) measures, such as Know Your Customer (KYC), that crypto operators are also required to follow have been a boon for fraudsters who know where the loopholes are in this legislation. The fact is, however, that over 75% of...