BitMex issues 2 weeks KYC ultimatum


Source: cryptheory.org

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BitMex, a popular cryptocurrency derivatives platform, has told their users that they have less than two weeks more to update their data on their exchange to meet the KYC standard. The crypto firm made it known that users who are unable to fulfill this criteria on or before the 4th of December will be unable to continue transactions on their platform. This means that users of the platform that want to continue trading, withdrawing funds and performing other activities have to update their details. BitMex was forced to reduce its deadline by two months after it faced legal actions from...