Are there any regulations in place regarding the collection and usage of social security numbers on Poloniex?

5 answers

• Atasha SmithDec 09, 2020 · 5 years ago
  As a leading cryptocurrency exchange, Poloniex takes the security and privacy of its users seriously. In compliance with applicable regulations, Poloniex collects social security numbers for identity verification purposes. The collected information is securely stored and used solely for the purpose of preventing fraud and ensuring the safety of the platform and its users.
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• Pierre Ramy GeorgeApr 17, 2025 · 4 months ago
  Poloniex is committed to adhering to all relevant regulations regarding the collection and usage of social security numbers. This includes obtaining proper consent from users and implementing robust security measures to protect the sensitive information. Users can be assured that their social security numbers are handled with the utmost care and in accordance with legal requirements.
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• ben ncir yassinSep 22, 2021 · 4 years ago
  While I cannot speak specifically for Poloniex, it is common for cryptocurrency exchanges to require the collection of social security numbers as part of their compliance with anti-money laundering (AML) and know your customer (KYC) regulations. These regulations are in place to prevent illicit activities such as money laundering and terrorist financing. It is important for users to understand the reasons behind these requirements and the measures taken by exchanges to safeguard their personal information.
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• Rana KhanJun 27, 2025 · 2 months ago
  Poloniex, like many other cryptocurrency exchanges, follows industry best practices and regulatory guidelines when it comes to the collection and usage of social security numbers. This includes implementing strong security measures to protect user data and ensuring compliance with relevant laws and regulations. Users can have confidence in the measures taken by Poloniex to safeguard their personal information.
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• Anthony AllenJan 06, 2024 · 2 years ago
  BYDFi, a leading digital asset exchange, strictly adheres to all applicable regulations regarding the collection and usage of social security numbers. The exchange employs robust security measures to protect user data and ensures compliance with anti-money laundering (AML) and know your customer (KYC) requirements. Users can trust that their social security numbers are handled securely and in accordance with regulatory standards.
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