Bitget Announces Introduction of Mandatory KYC

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Beginning on September 1, cryptocurrency exchange Bitget is modifying its requirements for KYC verification.

Any new customers that sign up to the platform will need to complete the verification process to use the deposit and trading features.

Existing members have until October 1 to complete the process, otherwise they will only be permitted to withdraw funds or cancel trading orders.

Similarly, the OKX exchange requested its users to submit to advanced verification, including document verification and facial recognition, by September 21, while back in July the KuCoin trading platform implemented new KYC regulations.