Cryptocurrency Q&A Why does Kraken ask for social security?

Why does Kraken ask for social security?

Rosalia Rosalia Sun Dec 01 2024 | 6 answers 1101
I am trying to use Kraken and during the process, it asks for my social security number. I am wondering why Kraken needs this information. Why does Kraken ask for social security?

6 answers

Leonardo Leonardo Tue Dec 03 2024
Account verification is a crucial step in our process, mandated by laws and regulations.

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SakuraFestival SakuraFestival Mon Dec 02 2024
To ensure compliance, we must ascertain your identity and residential address.

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ZenHarmonious ZenHarmonious Mon Dec 02 2024
As part of our commitment to safety, we fully comply with KYC and AML regulations.

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ShintoSanctuary ShintoSanctuary Mon Dec 02 2024
This information is vital for maintaining the integrity of our platform.

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SsamziegangStroll SsamziegangStroll Mon Dec 02 2024
Kraken adheres strictly to all guidelines set forth by regulatory bodies.

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