Non-KYC users will now be denied access to some features on the exchange. As indicated by a public statement, these clients will be restricted to “spot exchanging sell orders, fates exchanging deleveraging, edge exchanging deleveraging, KuCoin Procure recovery, and ETF reclamation.” This move aims to improve the security of on-chain assets, which has become a growing concern as cryptocurrencies have grown in popularity.

All KuCoin users will be required to register for KYC starting July 15. The intermediate verification procedure that Binance implemented in 2021 will be comparable to this one. Clients should check their nation of home and ethnicity, and give a government provided ID. This is in line with the industry’s efforts to reduce illegal activity risks and increase transparency.

Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals. Godleak tried to provide you signals of best crypto channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Godleak crypto leak service have multiple advantages in comparision with other services:

•  Providing signal of +160 best crypto vip channels in the world
• Using high tech bot to forward signals
• Without even a second of delay
• Joining in +160 separated channels on telegram
• 1 month, 3 months , 6 months and yearly plans
• Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

Join for Free

☟☟☟☟☟

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

In spite of the fact that withdrawals will in any case be accessible, store administrations will be restricted to KYC-enlisted clients. Users who do not adhere to the new policy will not be able to take full advantage of KuCoin’s services.

KC’s transition to implement KYC enrollment follows legitimate move made against the trade by different nations. In Spring of this current year, New York Principal legal officer Letitia James sued KuCoin for working in New York without enrolling as a protections and products representative seller. This is essential for a bigger crackdown on crypto misrepresentation by the NYAG, which has designated a few different organizations too.

The decision by KuCoin to require KYC registration is a step toward meeting regulatory requirements and increasing platform security. While it might burden a few clients, it is an important measure to guarantee the wellbeing of on-chain resources and forestall illegal exercises in the crypto business.