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Crypto Exchange Bitget to Tighten ID Requirements as Regulators Cite Fraud Concerns

Existing customers have until Oct. 1 to complete the process, after which time they will only be able to withdraw, cancel orders or close trading positions.

ID verification involves submitting an identity document like a passport and completing facial authentication. (Ronlug/Shutterstock)
ID verification involves submitting an identity document like a passport and completing facial authentication. (Ronlug/Shutterstock)