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Does BitMEX comply with KYC?
Crypto derivatives exchange BitMEX made a similar move to comply with KYC a year earlier, requiring information on trading experience as well as identification, partly to “get ahead of evolving regulation.” Users had formerly only needed to provide an email address.Why do cryptocurrency exchanges require KYC verification?
Like other financial institutions, major cryptocurrency exchanges across the globe make KYC, or identity verification mandatory in order for users to receive uninterrupted access to their services. Why is KYC verification necessary, how does it benefit cryptocurrency traders and how does it differ from anti-money laundering regulations?Do you need a KYC to buy bitcoin?
Most merchants require no KYC information. The platform uses a 2-of-2 multisig escrow system in which the buyer and seller each hold a key to the bitcoin. This requires both parties to be in agreement before the bitcoin can be moved to either party.