Cryptocurrency Q&A
Why does CeX ask for ID?
Why does CeX ask for ID?
Claudio
Sat Jan 04 2025
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5 answers
1052
I want to know why CeX, a second-hand goods retailer, requires customers to provide identification. What is the purpose of this requirement and how does it benefit their business operations?
5 answers
Luca
Mon Jan 06 2025
CEX.IO implements a stringent verification process for user fund sources.
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SakuraBloom
Mon Jan 06 2025
This measure is in compliance with legal regulations and enhances the platform's security.
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Arianna
Mon Jan 06 2025
By inquiring about the origin of funds, CEX.IO aims to maintain a transparent and secure trading environment.
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Caterina
Mon Jan 06 2025
The verification process helps to safeguard against illicit activities such as money laundering.
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amelia_jackson_environmentalist
Sun Jan 05 2025
Additionally, it acts as a preventive measure against fraudulent activities on the platform.
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