Why is it necessary for cryptocurrency investors to provide guarantor information?

3 answers

• Bhavesh HaryaniFeb 22, 2023 · 3 years ago
  Providing guarantor information is necessary for cryptocurrency investors to ensure the security and legitimacy of their transactions. By having a guarantor, investors can have an additional layer of protection against fraud and scams. This requirement helps to establish trust and credibility in the cryptocurrency market, as it shows that investors are willing to take responsibility for their actions. Additionally, guarantor information can be used for verification purposes, ensuring that investors are complying with regulatory requirements and preventing money laundering activities.
  590

  295
• noraJun 09, 2024 · 2 years ago
  Cryptocurrency investors are required to provide guarantor information to protect themselves and other participants in the market. The volatile nature of the cryptocurrency market makes it attractive to scammers and fraudsters. By providing guarantor information, investors can prove their identity and establish a level of trust with other market participants. This requirement also helps to prevent money laundering and other illegal activities, as it allows authorities to trace the source of funds and ensure compliance with regulations.
  541

  181
• powerappsJRJan 20, 2022 · 4 years ago
  At BYDFi, we understand the importance of providing guarantor information for cryptocurrency investors. This requirement is in place to protect our users and maintain the integrity of our platform. By providing guarantor information, investors can have peace of mind knowing that their transactions are secure and legitimate. It also helps us to prevent fraudulent activities and maintain a safe trading environment for all users. We take the security of our platform seriously and appreciate the cooperation of our users in providing the necessary information.
  561

  141