KYC for new users mandatory from 23/10/2023 00:00 (UTC)1 month, 1 week ago
At BlockBee, we prioritize the security and well-being of our users. Starting from 23/10/2023 00:00 (UTC), we will be implementing mandatory KYC (Know Your Customer) verification for all new customers. Additionally, we kindly request our existing customers to complete their KYC verification by 01/01/2024 00:00 (UTC) to ensure uninterrupted access to BlockBee services.
What is KYC and Why is it Important?
KYC is a standard industry practice that involves verifying the identity of customers to prevent fraud and ensure regulatory compliance. By implementing KYC, we aim to create a safer and more secure platform for all our users.
Timeline for KYC Verification
We understand the need for a smooth transition, so we're providing our current customers with ample time to complete their KYC verification. Existing customers will have until 01/01/2024 00:00 (UTC) to complete the process. It's important to note that failure to complete the verification within the given timeframe will result in the temporary suspension of BlockBee services.
How to Complete the KYC Verification
Completing the KYC verification process is simple and user-friendly. You'll be prompted to provide necessary documents and information to verify your identity. These may include government-issued identification documents and proof of address. Depending on your jurisdiction and the level of KYC required, additional information may be requested.
Best of all, our KYC validation process is remarkably fast, taking only 2 minutes to complete. We value your time and have designed the process to be efficient and hassle-free.
Benefits of KYC
The implementation of KYC brings several benefits to both BlockBee and our valued customers. These include:
- Enhanced Security: Verifying the identity of our users helps us protect our platform from fraudulent activities, ensuring a safer environment for everyone.
- Regulatory Compliance: We are committed to maintaining the highest standards of regulatory compliance. As part of our ongoing efforts to ensure a secure and trustworthy platform, we are proactively preparing for upcoming regulatory changes.
- Trust and Confidence: The KYC process builds trust and confidence among users, knowing that BlockBee is taking proactive measures to protect their interests and maintain a secure ecosystem.
In conclusion, starting from 23/10/2023 00:00 (UTC), BlockBee will be introducing mandatory KYC verification for all new customers. Existing customers will have until 01/01/2024 00:00 (UTC) to complete their KYC verification. This important step strengthens security, ensures regulatory compliance, and fosters trust within the BlockBee community. We're committed to providing a secure and reliable platform for all our users.
As always we value all your feedback.