BitMEX Enforces KYC

By Abhimanyu Krishnan | News | 17 Aug 2020

Cryptocurrency exchange and derivatives trading platform BitMEX announced on August 14 that it will mandate user identity verification as part of its User Verification Programme.

  • User Verification Programme will launch 2 weeks from now, on August 28
  • Users will have 6 months to provide KYC information for identity verification, with the deadline being Feberuary 12, 2021
  • 4 step process includes a few questions, providing a document and uploading a selfie
  • Verification will help verify involved parties in disputes, hacks or otherwise anomalous events
  • Says that user identity verification is “an important part of building trust in the cryptocurrency ecosystem”

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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