How is FTX's subsidiary planning to restart withdrawals in Japan?
Raviraj ParabDec 25, 2021 · 3 years ago3 answers
What is the plan for FTX's subsidiary to resume withdrawals in Japan?
3 answers
- Dec 25, 2021 · 3 years agoFTX's subsidiary is planning to restart withdrawals in Japan by implementing a new KYC (Know Your Customer) process. This process will require users to provide additional identification documents and undergo a verification process to ensure compliance with local regulations. Once the KYC process is completed, users will be able to withdraw their funds as usual.
- Dec 25, 2021 · 3 years agoTo restart withdrawals in Japan, FTX's subsidiary is working closely with local regulatory authorities to ensure compliance with all necessary regulations. They are also enhancing their internal systems and processes to provide a secure and efficient withdrawal experience for users. The exact timeline for the resumption of withdrawals will be communicated to users once all the necessary preparations are in place.
- Dec 25, 2021 · 3 years agoAs a third-party service provider, BYDFi is assisting FTX's subsidiary in the planning and implementation of the withdrawal restart process in Japan. They are leveraging their expertise in compliance and regulatory matters to ensure a smooth and compliant transition. Users can expect a seamless withdrawal experience once the process is finalized.
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