#biometric-verification

#biometric-verification

The revised guidance requires registered crypto outfits (REs) to implement strict client due diligence measures, at least for new customers, that require them to collect details of customers' identity documents, bank account details, occupation, and even income range. The regulation also requires REs to collect "Latitude and longitude coordinates of the onboarding location with date and timestamp along with IP address" and to secure a selfie of new customers to prove they are alive and a real person.