{"id":30483,"date":"2020-10-22T09:46:52","date_gmt":"2020-10-22T06:46:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30483"},"modified":"2025-08-27T22:32:44","modified_gmt":"2025-08-27T19:32:44","slug":"deribit-to-introduce-mandatory-user-verification","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/deribit-to-introduce-mandatory-user-verification\/","title":{"rendered":"Deribit to Introduce Mandatory User Verification"},"content":{"rendered":"<p>The cryptocurrency derivatives exchange Deribit has announced updates to its AML\/KYC program and the introduction of mandatory user verification by the end of the year.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">KYC \u2014 AML Program Update<\/p>\n<p>Due to the various recent regulatory and legal developments globally, we have decided to increase our efforts to identify our clients.<\/p>\n<p>Soon we\u2019ll require all clients to become verified.<\/p>\n<p>\u2014 Deribit (@DeribitExchange) <a href=\"https:\/\/twitter.com\/DeribitExchange\/status\/1319003303485820928?ref_src=twsrc%5Etfw\">October 21, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company said the move was prompted by &#8220;recent regulatory and legal developments worldwide&#8221;.<\/p>\n<p>Deribit noted that the most active users on the platform have already undergone verification, as some services, such as block trades or unlimited withdrawals, are available only after identity confirmation.<\/p>\n<p>By the end of the year the platform will require all clients to provide documents proving identity and proof of address. The latter will become a new requirement in the KYC procedure.<\/p>\n<p>New users will not be able to open an account on the exchange without providing the required documents. Existing clients must upload them within a month.<\/p>\n<p>Further information and final timelines will be provided by the platform in an official statement soon.<\/p>\n<p>Deribit is implementing mandatory user verification following a similar move by BitMEX, <a href=\"https:\/\/u1f987.com\/en\/news\/bitmex-tightens-user-verification\">launched<\/a> a new KYC program in August.<\/p>\n<p>Earlier, BitMEX, <a href=\"https:\/\/u1f987.com\/en\/news\/cftc-sues-bitmex-and-its-founders\">which has faced<\/a> regulatory problems, <a href=\"https:\/\/u1f987.com\/en\/news\/bitmex-shortens-mandatory-verification-deadlines-for-all-client-categories\">announced<\/a> a shortening of identity verification times.<\/p>\n<p>Follow ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" 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>The cryptocurrency derivatives exchange Deribit announced an update to its AML\/KYC program and the introduction of mandatory user verification by the end of the year.<\/p>\n","protected":false},"author":1,"featured_media":30484,"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":[1292,1409],"class_list":["post-30483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aml-kyc","tag-deribit"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30483","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=30483"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30483\/revisions"}],"predecessor-version":[{"id":30485,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30483\/revisions\/30485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30484"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}