Please enter CoinGecko Free Api Key to get this plugin works.

KuCoin Crypto Exchange to Introduce Mandatory KYC in July


KuCoin, a popular cryptocurrency exchange, has announced that it will be introducing mandatory KYC measures starting July. The move is aimed at improving security and compliance with regulations.

Why is KYC Important?

KYC, or Know Your Customer, is a process that requires businesses to verify the identity of their customers. This process is important for several reasons. Firstly, it helps prevent fraud and money laundering. Secondly, it helps ensure that businesses comply with regulations. Finally, it helps improve overall security.

What Will Change for KuCoin Users?

Starting July, all KuCoin users will be required to complete the KYC process in order to continue using the platform. This means that users will need to provide personal information, such as their name, address, and identification documents.

What are the Benefits of Mandatory KYC?

Mandatory KYC measures have several benefits. Firstly, they help prevent fraud and money laundering. Secondly, they help ensure that businesses comply with regulations. Finally, they help improve overall security. By implementing mandatory KYC measures, KuCoin is taking steps to protect its users and improve the overall security of the platform.

Related:Swiss Central Bank Announces Plans for Wholesale CBDC Pilot With Real Money: Report


In conclusion, KuCoin’s decision to implement mandatory KYC measures starting July is a positive step towards enhancing security and complying with regulations. While some users may find the process inconvenient, it is an important step towards ensuring the long-term viability of the platform. By implementing these measures, KuCoin is demonstrating its commitment to protecting its users and the integrity of the cryptocurrency industry as a whole.

Official Accounts

Official Telegram Channel:
Official Instagram Account:
Official Twitter Account:

Related Articles

Understanding ERC-223 Tokens: A Safer Approach to Gas Fees and Enhanced Security

Dive into the world of ERC-223 tokens, offering enhanced security and efficient gas fee management in blockchain transactions. Learn how they safeguard against loss in unsupported...

What is ERC-6551: the Future of NFTs

Discover ERC-6551, a transformative standard in the NFT landscape, enhancing asset ownership, social identity, and enabling autonomous actions...

The Power of Trustless Smart Contracts and Optimism Layer Two: Insights from Perpetual Protocol Co-founder

Explore the transformative power of trustless smart contracts, DeFi innovations, and the Arbitrage Vault. Learn about Optimism Layer Two and Perpetual Protocol's...
Please enter CoinGecko Free Api Key to get this plugin works.