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BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls
Summary: BitMEX, which has been charged by the U.S. government and a regulator with facilitating unregistered trading, has accelerated its mandate for all customers to verify their identities by Nov. 5, three months earlier than its original deadline of early February. Stronger identity verification requirements is an industry trend, said Ben Radclyffe, commercial director of the ...
BitMEX, which has been charged by the U.S. government and a regulator with facilitating unregistered trading, has accelerated its mandate for all customers to verify their identities by Nov. 5, three months earlier than its original deadline of early February.
Stronger identity verification requirements is an industry trend, said Ben Radclyffe, commercial director of the exchange’s parent company 100x Group. BitMEX’s decision to move the deadline from February 2021 to November 2020 follows this trend.
By Dec. 4., all accounts must be verified in order to process withdrawals from the exchange. After Dec. 4, BitMEX will begin to close unverified accounts.
By Amy Liu
Tags: BitMEX,identity,Verification
Link: BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls [Copy]
