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Bitfinex Exchange Enforces Rigid KYC Regulations

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As per an email to verified customers, the Bitfinex exchange has noted that it is increasing the KYC verification system. The email urges verified customers to produce their additional information including address proof. Moreover, Bitfinex also asks the user to share details on the source and use of funds. The details will be retained securely and confidentially, claims the exchange.

“While we do allow unverified customers on our platform to engage in limited trading activities, we always work to ensure that all customers – both verified and unverified – are respecting the same ground rules,” the email concluded. 

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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