Terra Luna Classic Community Approves Proposal for KYC Procedures
LUNC community approves Proposal 12033 for mandatory KYC, enhancing Terra Luna Classic's security and fostering confidence.

LUNC community approves Proposal 12033 for mandatory KYC, enhancing Terra Luna Classic's security and fostering confidence.
This latest approval highlights Bybit's continued commitment to expanding its presence in emerging and dynamic markets.
Bybit and Swyftx are the latest victims of the spreading crypto contagion, with both firms announcing job cuts in the wake of FTX collapse.“
Bybit is the latest crypto exchange to slash a sizeable portion of its workforce.
Huobi and Bybit have publicly provided their proof of reserves to assure investors.
While most crypto exchanges have begun implementing KYC mandates, investors still have the choice to opt for crypto exchanges that promote greater anonymity by not imposing KYC.
One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools.
With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer.
"Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions," said the OSC.
The function enables users to speculate on future prices of cryptos and settle their trades using USDC.