Altcoin News: CryptoBridge Decentralized Exchange Introduces User Verification

October 2, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The CryptoBridge platform, calling itself the “decentralized channel for trading on the BitShares digital asset exchange”, yesterday announced that all its users need verification from October on to make deposits and withdraw funds.

The exchange explains its demand by the desire to comply with the provisions of the “anti-laundering” directive of the European Union, as well as to protect themselves and customers from liability for any illegal intentions or actions to launder money.

To pass verification, customers are invited to use the services of Fractal and provide it with the necessary documents to confirm their identity and address, and then wait for their approval within 24–72 hours.

CryptoBridge was founded in 2017 in the USA and focuses on altcoin trading. According to CoinMarketCap, the volume of transactions on CryptoBridge over the past 24 hours amounted to about 20 Bitcoins. CryptoBridge users expressed their indignation at the lack of prior notice of withdrawal restrictions for unverified accounts.

Author: Marko Vidrih