Japanese exchange BitFlyer tightens the procedure for verification of new users

Administration cryptomeria Japanese BitFlyer April 26, amends the procedure of verification. In accordance with the requirements, customers who register an account after this date will have to confirm their identity in a special order to be able to Deposit Fiat money and withdraw funds in cryptocurrency. Now you will need to receive an appropriate letter from the exchange. The same restrictions will apply to users who pay for goods using cryptocurrencies through the BitFlyer service. For full account verification you will need to wait for the verification letter from the exchange.

The amendments to the rules of the exchange was dictated by the requirements of the FSA. The regulator expressed doubts about the reliability of the verification procedure at the site. Previously, users started trading on the stock exchange immediately after they sent copies of identity documents. But by this time they had not yet been checked by the administration. According to the regulator, this opened the possibility of using the platform for money laundering. Now the opportunity to work with the exchange services will be opened only after all the documents submitted by the user will be checked and his identity confirmed.

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