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Deribit, an encrypted derivatives trading platform, moved to panama and the new rules require users to add KYC information

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You cannot use more services without adding KYC information.

Deribit, a formerly netherlands-based crypto-derivatives trading platform, announced on January 9 that it will operate in Panama as DRB Panama Inc., a wholly-owned subsidiary of Deribit B.V, from February 10 due to "very strict" anti-money laundering (AML) regulations imposed by the Netherlands on cryptocurrency companies.

Once the migration is complete, all data on the platform will be transferred to DRB Panama, and the new company's terms of service and privacy policy will be similar to the original. Deribit will expand KYC requirements, however, for global regulatory reasons. The current customer will be registered as a level 0 customer. If you want to apply for a level 1 service, provide the appropriate information in your Deribit account at the end of January. As before, the platform does not allow us users to use the Deribit platform services.