Odaily News: Starting from July 15th, KuCoin will require all customers to undergo mandatory KYC procedures. The exchange operator stated on Wednesday that users must complete KYC in order to have full access to KuCoin's products and services, otherwise they will face restrictions.



If KYC procedures are not completed, users will only be able to use services such as spot trading sell orders, futures trading without leverage, leveraged trading without leverage, redemption of earning products, and ETF redemption. They will not be able to deposit funds into the exchange, but withdrawals will still be allowed.



CEO of KuCoin, Johnny Lyu, stated that the updated KYC policy is in place to "better comply with applicable regulatory requirements." (The Block)