Fragment Introduces KYC Policy for Telegram Integration
Blockchain platform Fragment, integrated with Telegram, has implemented a Know-Your-Customer (KYC) policy, marking a shift in its focus towards compliance and user security. This move aligns with international regulations in the cryptocurrency and blockchain sectors.
Fragment, known for enabling privacy-focused users to bypass traditional SIM cards via blockchain-based phone numbers, has now introduced a KYC process. This process requires users to submit personal identification details, which are then verified by third-party services.
The KYC policy applies to various transactions within Fragment's services, including the purchase of Telegram usernames, anonymous phone numbers, premium subscriptions, and the in-app currency 'stars'. Only after successful verification can users engage in these transactions. This introduction of KYC requirements brings a new layer of oversight to blockchain-based services like Fragment.
Fragment's decision to mandate identity verification reflects its commitment to sustainable growth and innovation within a regulated environment. By balancing privacy with compliance, Fragment is positioning itself as a compliant and responsible entity within the blockchain ecosystem, proactive in addressing regulatory demands.
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