🕵️♀️ Report: 69% of exchanges lack transparent KYC policies
A recent report from regulation startup Coinfirm shows that of 216 exchanges claims 69% do not have "complete and transparent" know your customer (KYC) rules and only 26% have 'high' levels of anti-money laundering (AML) procedures. Coinfirm singled out Binance, citing its low minimums for deposits and withdrawals while listing Coinsquare, Coinbase, Gemini, and Poloniex as low risk.
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