Decentralized crypto exchange CryptoBridge announces mandatory KYC verification

CryptoBridge, the decentralized encryption exchange, announced on October 1 that it has enforced the user's KYC verification. The official said, “Although we are still struggling to pose new challenges to international financial regulation, we are facing the fifth European anti-money laundering. The command (AMLD5) will therefore adjust the gateway service, paving the way for the development of CryptoBridge." Due to this policy change, all encrypted users must submit authentication before depositing and withdrawing money. According to the platform, the measure aims to "protect customers and CryptoBridge from being held accountable for any illegal intent or money laundering activities."