To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
As a regulated financial service company operating in the US we are required to identify users on our platform. This ensures we remain in compliance with Know Your Customer (“KYC”) and Anti-Money Laundering (“AML”) laws in the jurisdictions in which we operate, something that is necessary for us to be able to continue to offer digital currency exchange services to our customers.
INX Digital and our affiliates collect and verify information about you in order to:
All customers who wish to use INX Digital Services, including the sending and receiving of Digital Assets reconciled to a blockchain, are required to establish an INX Digital Account by:
To verify the identity of individuals opening an account, INX Digital must receive, for each person:
Additionally, in order to verify the information provided, INX Digital may require the following documentation:
Users may be required to sign transactions prior to sending them to INX Digital’s Custodian Partner. Notwithstanding these minimum verification procedures, INX Digital may require you to provide or verify additional information, or to wait some amount of time after completion of a transaction, before permitting you to use any INX Digital Service and/or before permitting you to engage in transactions beyond certain volume limits.