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The publish OKX Tightens KYC Coverage, Requires Superior Certification! appeared first on Coinpedia Fintech Information
Cryptocurrency alternate OKX has tightened its Know-Your-Buyer (KYC) coverage because it introduced that customers should full superior certification earlier than August twenty first to make use of any of its merchandise. This transfer requires ID card and face recognition data, making certain stricter compliance measures to forestall cash laundering and different illicit actions. Failure to finish the certification will end in restricted entry to OKX’s merchandise. The alternate’s choice to strengthen its KYC coverage is in step with international regulatory pointers geared toward beefing up the safety and transparency of cryptocurrency exchanges, making them much less susceptible to prison actions.
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