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2019-10-03 13:40:58

CryptoBridge KYC verification now compulsory for all traders

CryptoBridge KYC verification efforts just got serious as the gateway announced that all its existing and new users will have to undergo mandatory document verification. CryptoBridge is the ubiquitous Bitshares gateway that allows users to access the renowned exchange. The Fifth EU Anti-Money Laundering Directive (AMDL5) will be applicable from January 2020 and the firm plans to become compliant with these ‘Know-your-Customer’ regulations to curb money laundering. CryptoBridge KYC verification to help curb money laundering AMDL5 compliances require crypto firms involved in trading to undertake customer verification. These strict compliance standards are being made so as to curb money laundering