EXMO, major сryptocurrency exchange for traders, announced a partnership with Sumsub, experts in identity verification and compliance, to enhance digital identity verification and customer onboarding for their clients.

Starting from January 10, 2020, the Fifth Anti Money Laundering Directive (5AMLD) takes effect. The Directive contains requirements for the mandatory verification for all cryptocurrency platforms clients following the KYC and AML standards, all users who make cryptocurrency transactions must pass verification.