Cryptocurrency exchange BitMEX gives its users two weeks to update KYC data
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Answer Cryptocurrency exchange BitMEX gives its users two weeks to update KYC data
published Cryptocurrency exchange BitMEX has issued a statement reminding users that they have an additional two weeks before the deadline to update their KYC data or else they will not be able to use the platform.
For information, the BitMEX cryptocurrency trading platform has previously added customer knowledge procedures, which we have previously touched on in Bitcoin Arabs through an article entitled:
BitMEX Cryptocurrency Exchange Adds KYC Procedures to All Its Users
In its latest statement, BitMEX used intimidation to urge users to update their data, or else they would not be able to use the platform.
The date and deadline for users to update their KYC data has been set for December 4th.
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If the update is not done and the deadline has passed, users will not be allowed to withdraw funds or hold trading positions.
Reminder – 2 weeks to complete user verification: Complete verification by December 4, 2020 00:00 UTC to continue trading, maintain open positions and withdraw funds. We thank users for their support. Read more:
– BitMEX (BitMEX) November 20, 2020
BitMEX platform decides to comply with what the legal authorities require:
BitMEX shortened its KYC deadline by two months after facing action by the CFTC and the Department of Justice in October 2020.
Cryptocurrency exchange BitMEX has expedited KYC procedures as a result of numerous investigations and lawsuits.
Apparently, BitMEX has decided to take steps to enhance compliance with legal entities, from requiring users to identify themselves to adding the Refinitiv toolkit to its platform.
These tools help the trading platform to monitor the illegal use of its platform.
The cryptocurrency exchange BitMEX also announced a partnership with “Eventus Systems” company, which specializes in monitoring AML activities to combat it on the platform.
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US authorities are investigating cryptocurrency exchanges:
The latest lawsuit against BitMEX was filed by Păun Gabriel-Razvan, a cryptocurrency trader and owner of a crypto news aggregator.
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The CEO, Arthur Hayes, Dilo, and Reid were charged with notorious fraudsters, criminally charged with money laundering crimes by the US Department of Justice, and two of them are currently fugitives from justice in the United States. United State.
The latest lawsuit alleges that at the launch of BitMEX the defendants deliberately avoided mandatory financial controls and refused to carry out any KYC (Know Your Customer) or AML (Anti-Money Laundering) checks.
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