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KuCoin crypto exchange to introduce mandatory KYC in July

Published 06/28/2023, 06:00 AM
Updated 06/28/2023, 07:40 AM

Major cryptocurrency exchange KuCoin is working to strengthen its Know Your Customer (KYC) system by introducing new mandatory identity checks.

On June 28, KuCoin officially announced the upcoming KYC system upgrade in a move to increase compliance with global Anti-Money Laundering regulations.

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The mandatory KYC policy has continued to gain more traction within the crypto space even though a few credible CEXs like Bitget still operate the non-KYC policy with more user-oriented events.
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