Cryptocurrency Q&A Why is MoonPay asking for proof of income?

Why is MoonPay asking for proof of income?

Federico Federico Sun Dec 01 2024 | 5 answers 1091
I'm trying to use MoonPay for a transaction, but it's asking me to provide proof of income. I'm wondering why they need this information and what they're going to do with it. Why is MoonPay asking for proof of income?

5 answers

CryptoMagician CryptoMagician Tue Dec 03 2024
We also seek clarification on how these funds are generated.

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Valentina Valentina Tue Dec 03 2024
Ensuring a satisfactory trading experience for MoonPay clients is of utmost importance.

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Alessandra Alessandra Tue Dec 03 2024
This process is necessary to uphold regulatory compliance and safeguard the integrity of our platform.

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charlotte_wilson_coder charlotte_wilson_coder Tue Dec 03 2024
To maintain this standard, we may need to request additional details from our customers.

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KpopStarletShineBrightnessStarlight KpopStarletShineBrightnessStarlight Tue Dec 03 2024
These details pertain to the origin of their funds.

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