Bitget rolls out mandatory KYC to enhance platform security
Bitget says mandatory KYC will align the exchange with global financial regulations and underscore its tier1 status. KYC verification is one of the measures aimed at enhancing protection for users, including against theft and fraud, Bitget said. Verified accounts will enjoy higher withdrawal limits, exclusive access to Bitget events among others. Bitget has introduced mandatory Know Your Customer (KYC) requirements for all users, the crypto exchange said in an announcement on Thursday. The exchange’s new KYC requirements will be effective from December 15, 2023. Mandatory KYC for all Bitget users Bitget’s rollout of mandatory verification comes roughly three months after the initial announcement in August. While compulsory user verification is aimed at bolstering platform security , Bitget says it’s also part of the regulatory compliance process. According to the exchange, this is a path towards enhancing its status as a tier1 platform...
