On March 30, the BTC Box introduced "Speedy Identity Verification", which completes online identity verification [KYC] at the company's virtual currency exchange BTCBOX. It adopts the eKYC technology "Polarify e-KYC" provided by Polarify. After applying for identity verification at the time of opening an account at eKYC, it will be possible to open an account as soon as possible on the same day. You do not need to receive your identity verification postcard by mail.

BTCBOX "Speedy Identity Verification" requires a PC and smartphone. After reading the QR code displayed on the PC screen online, you can take one kind of identity verification document and face photo and complete the registration application. Corresponding documents are four types: driver's license, my number card, residence card, driving history certificate. In addition, the "speedy identity verification", which completes the registration application only with a smartphone, will be started later as soon as preparations are completed.

The amendment to the Act on the Prevention of Transfers of Criminal Proceeds requires two types of identification documents to be submitted from April 1. With the eKYC provided this time, it is possible to identify the identity with only one type of identity verification document. You can also choose to verify your identity by receiving a conventional postcard.

From the latter half of 2019, domestic virtual currency exchange companies are introducing eKYC. BITMAX, bitFlyer, Huobi, Coincheck, DeCurret, and bitbank have already introduced eKYC.


editor

Shane is an economics and mathematics double major with a keen eye for the financial world. His understanding of the current economic model of different countries is enlightening and he aims to bring that impressive knowledge and experience into his writing. He is currently exploring writing about different genres within the entertainment, business and cryptocurrency sphere and aims to bring diversity in his writing.

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