Btctradex is dedicated to maintaining the integrity of its staking platform by ensuring compliance with international regulations related to Anti-Money Laundering (AML) and Know Your Customer (KYC). This policy is designed to prevent illegal activities such as money laundering, fraud, and terrorist financing, while also protecting our users and the broader financial ecosystem.
To mitigate financial risks and establish a transparent user base, Btctradex implements a strict KYC framework.
All users must complete identity verification before engaging in staking or transactions on our platform. This process includes:
Government-issued identification (passport, national ID, driver’s license).
Proof of residence (utility bill, lease agreement, or official bank statement dated within the last three months).
Biometric authentication (live selfie for facial recognition).
Btctradex applies a risk-based approach to KYC compliance:
Low-risk users undergo standard KYC verification.
High-risk users, including large-volume traders and entities from jurisdictions with weak AML regulations, undergo Enhanced Due Diligence (EDD).
Individuals identified as Politically Exposed Persons (PEPs) will be required to provide additional documentation, such as business activity proof and financial statements.
User information is periodically reviewed to ensure continued compliance with evolving regulations.
Btctradex follows global AML regulations, implementing strict monitoring and enforcement mechanisms.
Automated surveillance systems detect and flag suspicious transactions.
Users conducting frequent large transactions or cross-border transfers will undergo detailed scrutiny.
All fiat-to-crypto and crypto-to-fiat transactions are monitored to prevent illicit activities.
Btctradex has a dedicated compliance team responsible for:
Identifying and reporting unusual transactions to relevant regulatory authorities.
Maintaining confidential records of flagged transactions.
Cooperating with authorities to investigate potential fraud or illicit financial activities.
Users and entities engaging in transactions from sanctioned countries will be restricted.
Transactions involving privacy coins or mixing services that anonymize funds are prohibited.
Staking rewards must be withdrawn to verified wallets only—unregistered wallets are not permitted.
Users must adhere to Btctradex’s compliance policies by:
Providing accurate and verifiable personal information.
Avoiding the use of third-party accounts to conduct staking.
Reporting any unauthorized transactions or security concerns.
Failure to comply with AML and KYC regulations may result in:
Account suspension or termination.
Blocking of staking rewards pending further investigation.
Legal action if fraudulent activity is detected.
Btctradex reserves the right to amend this policy in response to regulatory developments. Users will be informed of any modifications to AML/KYC requirements.
