Speed Wallet Implements KYC for US-based Users

Speed Wallet, a custodial Lightning Network wallet based in Dubai, UAE, announced proactive compliance measures for its customers based in the United States.

Speed Wallet Implements KYC for US-based Users
  • "As an immediate measure, Speed Bitcoin Lightning Wallet will be implementing KYC for all the users based in the US. Our new update will go live soon. Any information collected during the KYC process will be handled with confidentiality and in accordance with applicable data protection regulations," announced Speed Wallet in a private email shared by @Wicked.
"We want to assure our customers that the Speed team is committed to take all measures necessary to ensure compliance and provide a seamless Bitcoin payment experience to its users in the United States," added the project.
Source: @w_s_bitcoin.