{"id":30408,"date":"2020-10-21T09:20:47","date_gmt":"2020-10-21T06:20:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30408"},"modified":"2025-08-27T22:08:44","modified_gmt":"2025-08-27T19:08:44","slug":"bitmex-shortens-mandatory-verification-deadlines-for-all-client-categories","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitmex-shortens-mandatory-verification-deadlines-for-all-client-categories\/","title":{"rendered":"BitMEX shortens mandatory verification deadlines for all client categories"},"content":{"rendered":"<p>BitMEX, a cryptocurrency derivatives exchange, moved the final deadline for mandatory client verification, shortening it by almost three months. According to the exchange operator <a href=\\\"https:\/\/blog.bitmex.com\/accelerating-the-bitmex-user-verification-programme\/\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">statement<\/a>, users must complete verification by 00:00 UTC 5 November 2020.<!--more--><\/p>\n<p>After this, unverified users will not be able to open new positions, and from 00:00 UTC 4 December 2020 withdrawals will be unavailable.<\/p>\n<p>In addition, traders who have not completed mandatory verification will not be able to increase existing positions, nor will they receive referral payments.<\/p>\n<p>The previous final deadline for all client categories was February 2021.<\/p>\n<p>The new verification programme BitMEX <a href=\"https:\/\/u1f987.com\/en\/news\/bitmex-tightens-user-verification\">introduced<\/a> in August. Users had six months to confirm their residential address and provide identity documents, take a selfie, and answer a series of questions about the origin of funds and trading experience.<\/p>\n<p>The changes did not affect corporate clients. They now also must undergo mandatory verification.<\/p>\n<p>Earlier in October the U.S. Commodity Futures Trading Commission <a href=\"https:\/\/u1f987.com\/en\/news\/cftc-sues-bitmex-and-its-founders\">filed a lawsuit<\/a> against BitMEX and its owners, accusing them of operating an unregistered trading platform and violating CFTC rules on KYC\/AML procedures.<\/p>\n<p>Additionally, the U.S. Department of Justice charged the exchange&#8217;s leadership with violations of the U.S. Bank Secrecy Act.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMEX, a cryptocurrency derivatives exchange, moved the final deadline for mandatory client verification, shortening it by almost three months. According to the operator&#8217;s statement, 100x Group, users must complete verification by 00:00 UTC 5 November 2020.<\/p>\n","protected":false},"author":1,"featured_media":30409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1292,788],"class_list":["post-30408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aml-kyc","tag-bitmex"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30408"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30408\/revisions"}],"predecessor-version":[{"id":30410,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30408\/revisions\/30410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30409"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}