Tag: KYC

Upbit, South Korea's leading virtual asset exchange, is facing a suspension of its business operations due to alleged non-compliance with anti-money laundering (AML) regulations and breaches of the KYC system. According to a local news report, The Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) issued a preliminary ...

Bitget has unveiled a comprehensive update to its Know Your Customer (KYC) procedures and the new policy is slated to take effect from September 1, 2023.  The Seychelles-based cryptocurrency exchange announced this development on Monday, August 21, 2023, emphasizing that changes were made to "better protect users' rights and interests, ...