Crypto Exchange MEXC to Introduce Mandatory KYC Soon
MEXC, the cryptocurrency exchange, is gearing up to implement mandatory Know Your Customer (KYC) procedures very soon.
As per sources starting end of April 2024, new customers will be required to complete a KYC process to start using MEXC services and existing customers who do not complete KYC will not be able to trade or make deposits after June 30th.
KYC regulations are designed to verify the identity of users and prevent illegal activities such as money laundering and terrorist financing. This move aligns with global trends in regulatory compliance within the cryptocurrency industry. It’s likely that users will soon be required to provide personal information and documentation to continue trading on the platform.
