Why does Zonda ask for a secondary KYC?
The KYC regulations are a dynamic matter – see why some users are asked to re-apply
Zonda, being a fully regulated exchange, is required to comply with a set of certain rules.
Therefore, since the Estonian Finance Intelligence Unit that we are regulated by is working tirelessly to ensure the safety of the regulated entities, the procedures change.
When can a user be asked to reapproach the KYC procedures?
The most common reasons include situations when:
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regulations relevant to the user have changed,
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the account was dormant for a long time,
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the ID used in the registration process has expired,
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the user previously abandoned the registration process, therefore he needs to present up-to-date documentation.