Bybit to Require Mandatory KYC Starting May 8

Cryptocurrency exchange Bybit will require know-your-customer (KYC) verification for all products and services starting on May 8. The company announced the new policy on April 24, saying that it is necessary to “ensure the security and compliance of our platform.”

Under the new policy, all Bybit users will need to provide their personal information, such as their name, address, and date of birth, in order to continue using the platform. They will also need to upload a copy of their government-issued ID.

Bybit said that the new KYC requirements will take anywhere from 15 minutes to 48 hours to be implemented. The company said that it will be working with its users to help them complete the verification process as quickly as possible.

The new KYC requirements come as Bybit faces increasing scrutiny from regulators around the world. In March, the company was flagged by Japan’s Financial Services Agency for allegedly conducting business inside the country without proper registration.

Bybit is not the only cryptocurrency exchange that has implemented new KYC requirements in recent months. In February, Binance, the world’s largest cryptocurrency exchange, announced that it would be requiring all users to complete KYC verification in order to use the platform.

The increased focus on KYC by cryptocurrency exchanges is a sign of the growing maturity of the industry. As cryptocurrency becomes more mainstream, exchanges are under increasing pressure to comply with regulations and to protect their users from fraud.

As stated in Section 12.3 of the Service Agreement, “Bybit does not offer services or products to Users in a few excluded jurisdictions including the United States, mainland China, Singapore, Quebec (Canada), Ontario (Canada), North Korea, Cuba, Iran, Russian-controlled regions of Ukraine (currently including the Crimea, Donetsk, and Luhansk regions), Syria, or any other jurisdictions in which we may determine from time to time to terminate the services at our sole discretion (the “Excluded Jurisdictions”)”.

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

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What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
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The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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What is the goal of this portfolio?

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.

This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.

To give an update on the position, each one listed in low to high relative risk:

SoV/money == BTC, DCR

Platforms == ETH, XTZ

Private Money == XMR / ZEC / ZEN

DeFi == MKR / SNX and stablecoins

It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

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