FMCPAY is a cryptocurrency exchange that is licensed in the United States and facilitates trading activities for users irrespective of their location. FMCPAY is a cryptocurrency exchange that is licensed in the United States and facilitates trading activities for users irrespective of their location.
As you mentioned, the United States is strict in financial regulations and therefore the phrase “facilitating trading activities for users regardless of their location” will not be accurate, or rather, are users from countries on OFAC’s red lists[1] allowed to use the platform?
Are other customers required to provide ID? What are the limits before submitting the identity?
What are the trading volumes? Does stock trading require identity verification?
[1]
Quote from: https://home.treasury.gov/policy-issues/financial-sanctions/sanctions-programs-and-country-information
Currently, sanctioned countries include the Balkans, Belarus, Burma, Cote D'Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe. The list of sanctioned countries is updated periodically and is available here.
1. Every country can use FMCPAY.
2. We have our KYC system for identity verification. Although the KYC is not compulsory, FMC users need KYC to unlock the app's full functions, including no restriction to deposit/withdraw in FMCPAY platform.
For more information, you can contact: [email protected]
