Why We Need Know-Your-Customer Forms?

OTC operators, as with other types of exchanges, must conduct know-your-customer (KYC) procedures. This allows us to conform to anti-money laundering guidelines for new accounts. This means collecting data and documents from the applicant, including a valid proof of ID and valid proof of address.

This has two main benefits. Firstly, it assures the public that the OTC is running legitimately and in a proper manner. It also plays a role in protecting the OTC from investigation by governments and financial authorities seeking to detect and prohibit fraudulent transactions.

Christine Lagarde, Managing Director of the International Monetary Fund wrote in her blog in April, before crypto-assets can transform financial activity in a meaningful and lasting way, they must earn the confidence and support of consumers and authorities.”

Below are our KYC forms for Individuals and Corporations:

Before submitting a Know-Your-Customer (KYC) form, please read through our Personal Information Collection Statement here.