Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Cryptocurrency exchange Poloniex to make verification mandatory for legacy account holders

Leading cryptocurrency exchange Poloniex has announced that legacy account holders would soon be required to become verified through the latest version of its verification portal.

The exchange recently upgraded its customer identification and verification systems. It said that the account holders would be given prior notice before this requirement goes into effect.

According to the official notice:

“On the date of the deadline, legacy accounts will be placed in a state where:

  • Trading and lending will be disabled;
  • Open orders will be closed;
  • Loans will have auto-renew switched off;
  • Margin positions will be given an 8 week wind-down period where they can only be diminished or closed. After the 8 week wind-down period, they will be closed;
  • Deposit addresses will be revoked. Any deposits sent to a revoked address will not be recoverable until the account is fully verified;
  • Withdrawals will remain enabled at the daily withdrawal limits prior to the deadline.”

For those accounts that become verified, full functionality will be restored and daily withdrawal limit will be increased to $25K USD equivalent, Poloniex said.

The date for this deadline will be announced in Q1 2018.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 16 16:00 UTC Released

USBean Oil Stocks

Actual

1.766 Blb

Forecast

1.807 Blb

Previous

1.856 Blb

July 16 16:00 UTC Released

USSoy Crush

Actual

159.228 Bushels M

Forecast

159.637 Bushels M

Previous

163.572 Bushels M

January 31 00:00 UTC 240362240362m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 240362240362m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 252182252182m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 240362240362m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 252182252182m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 240362240362m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 240362240362m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 240362240362m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.