Notice to stop KYC support for Bvnex users in China
Why did Bvnex suspend KYC service in China?
Bvnex.com prides itself on being not only the safest and most secure place to trade cryptocurrencies, but also the most strictly regulated. With that in mind, due to the current regulatory environment in certain jurisdictions, we have been advised by our Legal and Compliance teams that we need to suspend KYC services from the country Chinese country.
What do I need to do if I come from the affected country if I have submitted KYC before?
KYC review requests from Chinese users will be denied.
There have not been any recent changes to the regulatory policies in my country, why is this happening now?
Bvnex.com’s Legal and Compliance teams monitor the regulatory landscape in all the countries in which it operates, as well as the interaction of rules and regulations in all of these jurisdictions. While this has not been an easy decision, at this time our team believes that suspending service in the affected countries is the best course of action.