itBit takes a proactive approach to ensure its operations are in full regulatory compliance with both Singapore and United States Anti Money Laundering (AML) regulatory requirements. During our customer on-boarding phase, our Know Your Customer (KYC) procedures meet both current industry standards as well as regulatory requirements.
In addition, we cross check all prospective customers across multiple compliance databases before trading is enabled. After being on-boarded, customer transactions are actively monitored to ensure all deposits, withdrawals and trades meet regulatory requirements.
itBit works with regulators around the world to shape the future of bitcoin and digital currency regulation. We are focused on meeting global regulatory requirements while adapting to the ever-changing compliance landscape.
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- Questions? Please contact us at help@itBit.com.