Citadel-backed Hidden Road halts ByBit access for clients
Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange.
Hidden Road, a Citadel-backed brokerage firm, has officially halted access to the ByBit exchange for Hidden Road clients, who were notified of the impending change weeks ago.
According to Bloomberg, the restriction on services resulted from differences between Hidden Road and ByBit regarding Know Your Customer (KYC) verification procedures and Anti-Money Laundering (AML) regulations.
In response, ByBit claimed that it would conduct an audit of its brokerage business to ensure regulatory policy was being implemented correctly.
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Author: Vince Quill
