Post
Topic
Board Scam Accusations
Re: [WARNING!] kucoin claiming kyc now mandatory demanding ID documents to withdraw
by
M-BTC
on 01/09/2020, 09:02:52 UTC
This is not a scam accussation. Kucoin's policy is pretty clear about KYC, which you have agreed to when registering an account:

Quote
2.3. KuCoin maintains an anti-money laundering, countering the financing of terrorism and know your customer compliance policy (the “AML/CFT Policy”). Pursuant to such policy, KuCoin may, in its discretion, require identity verification and go through other screening procedures with respect to you or transactions associated with your KuCoin Account. You agree and undertake to provide KuCoin with any and all information and documents that KuCoin may from time to time request or require for the purposes of these Terms or in connection with your KuCoin Account (including, but not limited to, your name, address, telephone number, email address, date of birth, government-issued identification number, photograph of your government-issued identity card or document or other photographic proof of your identity, and information regarding your Digital Token Account). KuCoin will have no liability or responsibility for any permanent or temporary inability to access or use any Services as a result of any identity verification or other screening procedures.

This doesn't mean that KYC is mandatory but they can require you to verify your identity in certain cases. Trying to sell over $11,000 worth of a privacy coin is a valid reason for them to require identity verification. Kucoin has no choice but to follow these AML/CFT policies.