Is KYC mandatory to participate in sales on Staria Swisspad?

The KYC process is conducted by Sumsub, a reputable identity verification service provider. This ensures a secure and efficient verification process, safeguarding your personal information.

Staria Network adheres to Swiss regulations, including anti-money laundering (AML) and combating the financing of terrorism (CFT) laws. Completing the KYC process is essential for meeting these regulatory requirements.

KYC verification helps prevent fraudulent activities by ensuring that all participants are verified, legitimate users. This process enhances the security of financial transactions on the platform.

Completing the KYC process builds trust within the Staria Network community, ensuring users that the platform is committed to maintaining high standards of security and regulatory compliance.

Users are prompted to complete the KYC process when they wish to participate in sales. This involves submitting the necessary identification documents through the Staria Network platform.

Sumsub handles the verification process, ensuring that documents are authentic and users meet all regulatory requirements. The process is designed to be efficient and user-friendly.

Once the KYC is approved, users are eligible to participate in sales on Staria Network. Approved users can invest in deals and receive their tokens after the token generation event (TGE).