Why do I have to verify my account?

Fasset is committed to maintaining the highest standards of KYC (Know Your Customer), Anti-Money Laundering (AML), and Counter-Terrorism Financing (CTF) compliance to prevent the abuse of Fasset's products and services for money laundering or terrorist financing purposes.

We are committed to adhering to the laws and regulations in the Middle East and beyond, in order to provide the best service to all our users. Cryptocurrencies are a relatively new asset class and regulations are still developing across jurisdictions. Adhering to the highest regulatory standards enforces confidence in both the regulators as well as users in the potential of cryptocurrency and its underlying technology.