Paxful to Enforce Mandatory ID Verification in Cameroon Star

Paxful to Enforce Mandatory ID Verification in Cameroon Starting December 2020


Bitcoin KE
Cameroon is the only African country out of a list of 43 countries where ID verification on Paxful will be mandatory.
In a blog post, Paxful stated that users from these countries have until December 2020 to verify their identity on the platform. Non-compliance will result in limited use on Paxful such as the inability to trade or create offers.
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Nigeria
CFA Franc is the official currency of Cameroon
The move to enforce mandatory verification was likely influenced by these high trading volumes and the need to ensure security for both vendors and users of the platform.
In early 2020, Paxful partnered with Chainalysis, the leading blockchain and crypto analysis firm globally, for increased overwatch of transactions on the platform.

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