If you’re a Coinbase user, you may have noticed that the platform is asking you to verify your identity again. This is because Coinbase is required by law to collect certain information from its users in order to comply with anti-money laundering (AML) and countering-the-financing-of-terrorism (CFT) regulations.
In order to verify your identity, Coinbase will ask you to provide some personal information, such as your name, address, date of birth, and phone number. You may also be asked to upload a photo ID.
Once you’ve provided all of the required information, Coinbase will review your application and determine whether or not you’re eligible to use the platform.
If you’re wondering why Coinbase is asking you to verify your identity again, it’s important to understand that the platform has a responsibility to comply with AML and CFT regulations. By verifying your identity, Coinbase can help ensure that its users are not involved in illegal activity.
So if you’re being asked to verify your identity on Coinbase, it’s nothing to be concerned about. The platform is simply doing its due diligence in order to protect its users and comply with the law.