Upbit clarified some information about being regulated, stating that the claim of 30,000 fake identity documents (including hand-drawn IDs) passing the "Know Your Customer" (KYC) system is not true. Upbit conducts KYC through several additional procedures, including identity verification. If a member's ID documents are insufficient, they will be asked to resubmit.
Upbit: Claim that 30,000 fake IDs passed KYC system is not true
2025-02-26 09:04:57 Primitive Reading
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