Is anyone else getting a message when they login in asking for more personal info regarding KYC and AML
What I find most shocking is they want a facial scan as well as a letter with home address
I am previously up to date with it all ie passport and photo of me with it
These new requirements seem an over reach
Do I need to do it, currently I am not buying btc or other coins on the platform but am day trading
Can I hold it off or what is the story
You are from the European Union countries, it is different for us, they ask for this information to pass KYC to prevent criminals and terrorists from using their money on the exchange platform, what they do is a security precaution so that they are not legally held accountable, I see that you are a day trader so you do many trades a day with amounts varying, which showed their system that there were unusual trades by someone, so they had to request these documents and information from you again, you should not worry if your funds are legitimate and submit the required documents, or you can trade on exchange platforms that do not require the passing of KYC.