BitMEX Ramps Up Rollout of User Verification Programme KYC Procedures

BitMEX is accelerating the rollout of its User Verification Process. Users will have until November 5, 2020 to be fully verified. Cryptocurrency exchanges have come under increasing pressure from regulators to add robust KYC procedures. Crypto exchange BitMEX is making changes to the rollout plan for its User Verification Programme KYC procedures , accelerating the date for users to be fully verified to November 5, 2020. Full verification by this date will be necessary for a user to continue trading on the platform. Another change to the rollout schedule means that, by December 4, 2020, users will not be able…