Cryptocurrency exchange KuCoin closed access for clients without verification. Thus, it hopes to keep the status of reliable exchange.
KuCoin, the cryptocurrency exchange, located in Hong Kong, has announced new rules. From the moment all its users have to verify their accounts. The obligatory verification will become the key to access to KuCoin. As the site representatives inform, such serious measures were taken with the aim to guarantee the correspondence of the platform to quickly changing rules of regulating the cryptocurrency industry. Due to this measures, KuCoin hopes to remain one of the most transparent and reliable exchanges. In order to pass the procedure of verification the client of trading site have to provide documents which confirm his address, contacts, personality, as well as the source of income. The procedure of verification will take from 5 to 10 days. The crypto exchange does not inform about terms when unverified consumers will be able to use the platform.