Hey,
What would you need to show
before you enter any shopping mall in Singapore?
Did you guessed it
right?
It’s your vaccination
pass.
Since it is a government
regulation you can’t enter the malls if you don't show your Vac pass
No pass, no
enter.
Likewise for buying crypto
tokens.
Show your KYC or you don't
buy.
‘Know Your Customer’
A requirement for all crypto
platform providers by the singapore government
Used to verify both retail and
institutional investors.
You are required to send your
personal information like your IC, driving licence or passport photo to them for verification.
This is to prevent the act of
Money Laundering and other underground money transmittance for unlawful purposes.
Just like how you need to scan
your TraceTogether before entering the mall or eatery.
To track and trace any hazard
when it happens.
In the same light, it's always
makes sense to start it right from the start.
Here are some credible resources
plus a community support to help you get the fundamentals right from the beginning....
CLICK THE QR CODE
BELOW!
