Melotic Will Need ID Starting Tomorrow

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Want to exchange, deposit or withdraw from your Melotic account?

Starting tomorrow Melotic will be implementing a know your customer (“KYC”) and anti-money laundering (“AML”) policy.

Beginning on Thursday, October 16, 2014, they will require users to give identification information to use all services. The company will collect the following user information:

  • Name
  • Date of Birth
  • Nationality
  • Passport or ID Number
  • Issue Date
  • Expiration Date
  • Address
  • Phone Number

This policy will begin tomorrow which gives users a bit of time to withdraw now if they don’t feel comfortable turning over this information to the company.

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3 Comments

  1. I did, once. LTBc to Bitcoin. The next day, i got an email informing me of the new KYC requirments. I just wonder what sort of measures they have in place for accepting foreigners.

    For example, my National ID does not have an Expiry date. What happens in such a scenarion?

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