KuCoin is Set to Introduce Mandatory KYC Procedures for All Users!

The post KuCoin is Set to Introduce Mandatory KYC Procedures for All Users! appeared first on Coinpedia Fintech News

KuCoin, a leading cryptocurrency exchange, is set to introduce mandatory identity verification procedures known as Know Your Customer (KYC). The platform announced that all users will be required to complete the KYC process to access certain parts of the exchange. KuCoin has cited the need to comply with global regulatory requirements and protect users from potential hacking attempts and fraud. The personal information will also assist the exchange in improving its customer support services. The mandatory verification process will be rolled out gradually, and users will be given enough time to complete it.