Quote from: cruso on February 03, 2019, 08:55:55 PM

Quote from: CEX on January 30, 2019, 07:14:27 PM

Since when did kyc require source of income, wife's name, salary and pet info?

Dear cruso,

Thank you for your question.

The list of documents needed to pass the AML/KYC procedure complies with international requirements and regulations.
You may rest assured that all data can be requested only with a reason for that. The aim of these procedures implemented is to ensure safe and operational trading environment.

In an imagined scenario, a platform without proper Verification Procedures implemented put its customers to a huge risk: police investigate potential money laundering on an exchange and, since such exchange cannot demonstrate that it has checked the information about its customers and their funds, simply orders a freeze on the entire operation of an exchange. So no one can trade because someone with dirty money did.

Thank you for understanding in advance.