Effective from April 1, Coinbase will require recipient information from users in Canada, Singapore and Japan.
Citing compliance with local jurisdictions, crypto exchange Coinbase announced to soon collect additional information from users based in Canada, Singapore and Japan.to provide additional information while sending cryptocurrencies to a different platform.
Moreover, Canadian users — that suffice the above two conditions — will lawfully require to provide the recipient’s information even while transferring funds between their own crypto wallets. Singapore users will not require to provide the recipient’s residential address but will require only the recipient’s name and country of residence. The lack of any required information will bar the user from sending cryptocurrencies out of the Coinbase platform for the jurisdictions in question.
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