When did Kucoin start requiring KYC for account holders?
Faishal RahmanDec 15, 2021 · 3 years ago3 answers
Can you provide information on when Kucoin started requiring KYC (Know Your Customer) for its account holders? I'm curious to know when this policy was implemented and how it has affected the user experience on the platform.
3 answers
- Dec 15, 2021 · 3 years agoKucoin started requiring KYC for account holders in early 2018. This policy was implemented as part of their efforts to comply with regulatory requirements and enhance the security of their platform. While some users may find the KYC process time-consuming, it helps to ensure a safer trading environment and reduces the risk of fraudulent activities.
- Dec 15, 2021 · 3 years agoAs of my knowledge, Kucoin introduced the KYC requirement for account holders in 2018. This move was aimed at strengthening their compliance with anti-money laundering (AML) regulations and preventing illicit activities on their platform. Although the KYC process may seem inconvenient for some users, it plays a crucial role in maintaining the integrity of the exchange and protecting the interests of its users.
- Dec 15, 2021 · 3 years agoStarting from early 2018, Kucoin made it mandatory for account holders to complete the KYC process. This decision was driven by the need to establish a more secure and transparent trading environment. While the KYC requirement may cause some initial inconvenience, it ultimately contributes to a safer ecosystem where users can trade with confidence.
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