Deribit Releases Specifics of New KYC Policy Following Move to Panama

Cointelegraph

Published Jan 21, 2020 02:44PM ET

Updated Jan 21, 2020 04:22PM ET

Deribit Releases Specifics of New KYC Policy Following Move to Panama

Deribit, a crypto futures and options exchange that is moving from the Netherlands to Panama to avoid Europe’s new Anti-Money Laundering law has released its newly updated Know Your Customer (KYC) policy.

In a Jan. 17 blog post, Deribit clearly said that its relocation to Panama has been mainly caused by the new Anti-Money Laundering Directive (5AMLD), a major European law that aims to tackle money laundering and terrorist financing by stricter regulation of crypto-related businesses.

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